Northfield VT Multi Family for Sale
- Type:
- Multi-Family
- Sq.Ft.:
- 1,800
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.32 Acres
- Year built:
- 1855
- Baths:
- 2.00
- MLS#:
- 5017723
ADDITIONAL INFORMATION
Are you looking for your next investment, or maybe your first? Here is a great opportunity in the college town of Northfield, VT. This duplex has excellent rental history and a cap rate of 9% with $27,000 gross operating annual income. Tenants pay all utilities aside from landscaping and water/sewer. Unit 1 has a cute eat-in kitchen, living room, first floor laundry, two porches and one (1) large loft space bedroom upstairs with its own deck. Unit 2 has an open kitchen-to-living layout, two (2) bedrooms, propane heaters in each room and deck access on both levels! The level lawn gives tenants lots of space and is easy to keep mowed. Situated on a one-way street in the center of town just minutes from Norwich University, this property will be an attractive rental for years to come. Available now for showings!
- Type:
- Multi-Family
- Sq.Ft.:
- 1,296
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.25 Acres
- Year built:
- 1900
- Baths:
- 1.00
- MLS#:
- 5015849
ADDITIONAL INFORMATION
Great duplex in a nice Northfield village location. Low maintenance, turn key rental or owner occupy one unit and rent out the other. Granite counter tops in both kitchens! New kitchen in 1st floor apartment. New (2019) triple pain windows throughout (including proper egress), 2 new Rinnai heaters (2020), 2 new water heaters. Seller updated electrical, fixed plumbing and insulated basement. Previous ownerr jacked up building and poured new foundation, rebuilt floor system and installed standing seam roof. Quiet neighborhood with short walk to downtown Northfield. Town owned land on 3 of 4 sides. Lease out long term or furnish them and rent them out to visiting nurses at the walkable Mayo clinic. Most recent rental figures (7/24) were $1,175 per month 2nd floor unit and $1,070 1st floor unit (longer term tenant). Current projected long term market rent would be $1,250 or more including heat and electricity. Projected Furnished Finder would be $1,500 per unit per month including everything. The seller is the listing agent, a licensed real estate agent in VT. The property is in the Flood Zone. A recent quote obtained for potential buyers info was for $3,000 annual flood insurance yielding $250,000 worth of property coverage and $25,000 worth of lost rental income. Create steady income or get a leg onto the real estate ladder. Affordable utilities: Annual Water/Sewer = $1,157.37, Heat = $959.93 Electricity = $1,154.18. Utilities are easily separateds.
- Type:
- Multi-Family
- Sq.Ft.:
- 2,470
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.5 Acres
- Year built:
- 1840
- Baths:
- MLS#:
- 5014190
ADDITIONAL INFORMATION
Investors, take note! This duplex property offers a 10% cap rate with steady rental history. The main 5-bedroom home was built in 1840, with great bones, large eat-in kitchen, two bathrooms, new appliances, wood floors, wraparound porch, and a detached garage for extra parking and storage. The 2001 addition is super cute with solid flooring, an eat-in kitchen, first floor bedroom and laundry, and expansive loft space upstairs. There is even a rooftop deck to enjoy all four Vermont seasons! The current owners are downsizing their portfolio, which poses an excellent opportunity for you! Purchase the building as an investment and gross almost $40,000 annually, or owner-occupy one unit and rent the other for supplemental income. The choice is yours at this unique property!
- Type:
- Multi-Family
- Sq.Ft.:
- 4,643
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.25 Acres
- Year built:
- 1860
- Baths:
- 4.00
- MLS#:
- 5002512
ADDITIONAL INFORMATION
Renovated from top to bottom, this four-unit building in Northfield near Norwich University has undergone a complete transformation. Each apartment has been redesigned to offer both comfort and style, featuring new floors, windows, upgraded utilities, and modern heating systems. The updates extend to electrical and plumbing systems, porch railings, and even door locks, ensuring safety and convenience for tenants. Additionally, the property boasts a brand new 2-car garage with potential workspace and storage lean-to, complete with drainage and a water line ready for hookup. Off-street parking is available, providing one space per unit. The meticulous care taken with every aspect of the building and property over the years means it's move-in ready for its new owner. Currently owner-occupied, the building generates a solid income, which could be enhanced further by renting out the front apartment. It's an excellent opportunity to own a stylish and well-maintained rental property in a prime location. Don't hesitate to schedule a viewing before this opportunity slips away!
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Northfield Real Estate
The median home value in Northfield, VT is $302,000. This is lower than the county median home value of $328,700. The national median home value is $338,100. The average price of homes sold in Northfield, VT is $302,000. Approximately 60.13% of Northfield homes are owned, compared to 29.61% rented, while 10.25% are vacant. Northfield real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Northfield real estate agent to arrange a tour today!
Northfield, Vermont has a population of 6,271. Northfield is less family-centric than the surrounding county with 24.77% of the households containing married families with children. The county average for households married with children is 25.52%.
The median household income in Northfield, Vermont is $60,819. The median household income for the surrounding county is $70,128 compared to the national median of $69,021. The median age of people living in Northfield is 27.3 years.
Northfield Weather
The average high temperature in July is 79.7 degrees, with an average low temperature in January of 5.9 degrees. The average rainfall is approximately 42.7 inches per year, with 89.7 inches of snow per year.