Bought with Joan Watson • Watson Realty & Associates
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85-87 Main ST Fair Haven, VT 05743
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Key Details
Sold Price $430,000
Property Type Commercial
Sub Type Multi-Family,Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 9,680 sqft
Price per Sqft $44
MLS Listing ID 4778269
Sold Date 12/31/19
Year Built 1892
Annual Tax Amount $9,332
Tax Year 2020
Lot Size 3,049 Sqft
Acres 0.07
Property Description
Investors take note of this nicely maintained 4 story brick commercial building that has a first floor commercial rental that consists of approximately 1800 sq. feet and is currently being used as a Cafe. The second through fourth floors have a total of 9 one bedroom apartments, having 3 on each floor and having access via stairs or elevator. The current rental income and expenses are producing an 11 plus cap rate. The building was modernized in the 1980's and has 2 Dedietrich oil fired boilers, 2 meters, insulated double hung windows in residential units, 2 sixty gallon hot water makers off boilers, membrane roof, all residing on a 50x61 commercial lot that is directly across from the well known park and offers great street exposure. Prime time to purchase in downtown Fair Haven as there has been a lot of interest in various business's wanting to establish in town. A downtown revitalization committee has been formed to draw more people to downtown with suggestions on reconfiguring walking areas along with improving parking. The towns central park holds numerous yearly functions producing large gatherings to the town. Now is the time to invest in downtown Fair Haven. HAP contract in place, so hardly any vacancies available in the residential units. The time in now to invest in downtown Fair Haven. Income and expenses upon request. Excluded buyers
Location
State VT
County Vt-rutland
Area Vt-Rutland
Zoning Commercial
Rooms
Basement Entrance Interior
Basement Unfinished
Interior
Heating Oil
Exterior
Exterior Feature Brick
Parking Features On Street
Garage Description On Street
Utilities Available Cable - Available, High Speed Intrnt -Avail, Telephone Available
Roof Type Membrane
Building
Foundation Brick, Stone
Sewer Public
Water Public
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