INVESTMENT PROPERTY, with two 4 BR's apts. and one 1 BR's apt. Walk to town locations. Gross rent, $43,140.00, total expenses $19,992.00, net $23,140.00. Current cap rate is 12.5. Requires a minimum of 48-hour notice to show.
Back on the market with many new updates including a new roof, new furnace, refinished bathroom with all new fixtures, fresh paint throughout the inside, and more! This home is perched high on Clinton St. with views of the Black River across the street, and conveniently located near downtown shopping, groceries, movies, and restaurants. 1st floor has 2 bedrooms, a "bonus room", full bathroom, laundry hookup, kitchen with dishwasher, and living room. The 2nd floor apartment is a 1 bedroom, with 3/4 bathroom, plus kitchen and living room. The two units have separate electric meters and hot water heaters, with a shared forced hot air furnace / propane. This home could is also listed as a single-family residence as it could easily be converted back into one - see MLS #5020725
ATTENTION INVESTORS 5 UNITS PLUS 3 GARAGE SPACES. 3- 2 BR's, 1- 3 BR's UNIT and 1- 1BR's UNIT. ACTUAL CAP RATE 11.55%, PROFORMA CAP 14.29%. SHOWING APPOINTMENTS REQUIRE 48 HOUR NOTICE TO TENANTS.
The median home value in Springfield, VT is $197,000. This is lower than the county median home value of $334,800. The national median home value is $338,100. The average price of homes sold in Springfield, VT is $197,000. Approximately 62.12% of Springfield homes are owned, compared to 24.33% rented, while 13.55% are vacant. Springfield 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 Springfield real estate agent to arrange a tour today!
Springfield, Vermont 05156 has a population of 9,089. Springfield 05156 is less family-centric than the surrounding county with 20.16% of the households containing married families with children. The county average for households married with children is 26.01%.
The median household income in Springfield, Vermont 05156 is $57,160. The median household income for the surrounding county is $63,787 compared to the national median of $69,021. The median age of people living in Springfield 05156 is 51 years.
The average high temperature in July is 81.5 degrees, with an average low temperature in January of 7.5 degrees. The average rainfall is approximately 44 inches per year, with 67.4 inches of snow per year.