18 Maple Ave, Barre City, VT 05641
- $325,000
- 2,304
- SqFt
Listing courtesy of Darcy Handy from RE/MAX North Professionals. ()
- List Price
- $325,000
- Status
- ACTIVE
- MLS#
- 5091475
- Price Change
- ▼ $10,000 1792546006
- Living Area
- 2,304
- Lot Size
- 11,326
- Acres
- 0.26
- Year Built
- 1889
Property Description
INVESTORS TAKE NOTICE! Excellent opportunity to own a fully occupied, income-producing duplex in Barre City generating $46,800 in actual annual gross rental income, with room for future rent increases and additional income potential! Priced at $325,000, this property offers an estimated 6.8% cap rate based on current rents and historical operating expenses. Featuring two spacious 4-bedroom, 1-bath apartments, this property offers a total of eight bedrooms, a desirable rental configuration, and established tenants with no current vacancies. Both apartments feature generous living spaces, functional kitchens, and flexible floor plans that appeal to tenants seeking more room. One of the property's standout features is the oversized detached three car garage with a full loft, providing valuable storage and workshop space, along with the potential to generate additional rental income subject to applicable approvals and lease arrangements. With current rental income already in place, opportunities to increase rents over time, and the possibility of additional garage revenue, this property offers multiple avenues for improving future cash flow and investment returns. Conveniently located near downtown Barre, shopping, restaurants, and commuter routes, this duplex offers an attractive combination of immediate income and long-term investment potential. Whether you're expanding an existing rental portfolio or purchasing your first investment property, 18 Maple Avenue is worth a closer look. Schedule your showing today and explore the possibilities!
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Additional Information
- Taxes
- $6,601
- Listing Agent
- Darcy Handy
- Listing Office
- RE/MAX North Professionals
- Style
- Duplex
- School District
- Barre City School District
- Exterior Features
- Balcony, Covered Porch
- Electric
- Circuit Breakers
- Utilities
- Cable Available
- Basement
- Dirt Floor, Unfinished
- Foundation
- Concrete
- Sewer
- Public Sewer
- Roof
- Flat, Membrane
- Zoning
- MU-1
- Water
- Public
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