4-unit income property in an ideal location situated next to an operating farm with huge corn and other crop fields surrounding the parcel and very few neighbors. The 1.2 acres are all open and offer plenty of garden spots and outdoor recreation/activities for its tenants. Beautiful views out over the farm fields and an overall relaxed country living feel to this spot. Close to the CT River. The building is in good overall condition and is completely sprinkled!! Heat and Electric are included in the rents. With a Net income of over $35,000 per year, this is a tremendous opportunity to own a solid investment property with a CAP rate of 10 OR could be a great owner-occupied dwelling with fantastic income to offset the acquisition and ongoing costs because the 2-bedroom upstairs unit is vacant at present. Only minutes to Putney village yet total country living on a paved road. Very unique property and location. Can also be purchased as part of a three property package with 11 total units.
Nestled in the heart of a bustling New England village, this rarity has been a stable, income producing part of that community. Housing the Putney Diner, a long time loved diner, and 3 apartments, 2 with long term tenants, it takes little management. Shop at the COOP, walk to Landmark College, stop by for great deli food...it is all here for happy, contented tenants. Much has been modernized, and redone over the last few years. Recently renovated, the apartments are light, bright and modern. The building is served with public water and sewer and has had a recent $12k electrical panel upgrade, as well as other maintenance upgrades. This is a perfect spot for owner occupancy with regard to the leases. Respect the tenants with a 48 hour notice to tenants for showing, please. Buyers must be prequalified to view.
Price Improvement! Downstairs 2 bedroom unit will be available early September. Positioned in the heart of charming Putney, Vermont behold this exceptional multi-family home. Of the four units, 3 are two bedroom 1 bath, and 1 is a one bedroom one bath. Investors and those exploring innovative mortgage solutions, here's an enticing opportunity for you! This property is within a leisurely stroll of downtown Putney, providing convenient access to its splendid amenities, and a short 2 minute drive to Putney Central School. Imagine the potential for both financial gains and a lifestyle upgrade, all within reach of the vibrant center of Putney. In addition to its top notch location, the property features a spacious and private backyard brimming with potential. Here is your chance to curate an idyllic living space in a wonderful community. Please note that all units are currently occupied, and we kindly request a 48-hour notice for tenants. Age of home is approximate.
The median home value in Putney, VT is $465,000. This is higher than the county median home value of $323,700. The national median home value is $338,100. The average price of homes sold in Putney, VT is $465,000. Approximately 68.67% of Putney homes are owned, compared to 21.35% rented, while 9.99% are vacant. Putney 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 Putney real estate agent to arrange a tour today!
Putney, Vermont has a population of 2,570. Putney is more family-centric than the surrounding county with 21.65% of the households containing married families with children. The county average for households married with children is 20.95%.
The median household income in Putney, Vermont is $57,500. The median household income for the surrounding county is $59,195 compared to the national median of $69,021. The median age of people living in Putney is 35.2 years.
The average high temperature in July is 80.9 degrees, with an average low temperature in January of 9.5 degrees. The average rainfall is approximately 45.5 inches per year, with 64.9 inches of snow per year.