99 Clark ST Under Contract Save Request In-Person Tour Request Virtual Tour
Brattleboro,VT 05301
Key Details
Property Type Multi-Family
Listing Status Under Contract
Purchase Type For Sale
Square Footage 2,736 sqft
Price per Sqft $127
MLS Listing ID 5032524
Bedrooms 6
Full Baths 4
Construction Status Existing
Year Built 1890
Annual Tax Amount $4,204
Tax Year 2024
Lot Size 3,920 Sqft
Acres 0.09
Property Description
High cash flow well maintained 4plex located in quaint Brattleboro neighborhood within proximity to the vibrant downtown, listed at a deep-value 11% cap rate. This 100% occupied building has 2x 2br and 2x1br, and a net operating income of ~38K with significant upside based on rents over 20% below market. A new owner can step into to yield over a 15% cash on cash return starting year 1, and build wealth through high cash-flow vs speculation. Rents can be brought to market to achieve north of a 25% cash on cash (see proforma in OM). In addition to enjoying the tremendous cash flow, there is also significant upside to acquire a high quality stabilized 4plex with value-add from growing rents to market, ahead of the investment and resurgence going on in vibrant and desirable Brattleboro. The property is available as a package with other buildings in Brattleboro and in nearby towns for a buyer looking for a larger high cash flow turnkey multifamily portfolio. Listing Broker is a member of the LLC selling the property.
Location
State VT
County Vt-windham
Area Vt-Windham
Zoning RM
Rooms
Basement Entrance Walkout
Basement Unfinished
Interior
Cooling None
Exterior
Utilities Available Cable
Roof Type Slate
Building
Story 2
Foundation Stone
Sewer Public
Architectural Style Multi-Family
Construction Status Existing