Fair Haven, VT 05743,85-87 Main ST
Listed by Hughes Group Team • Century 21 Premiere Properties-Rutland
Bought with Joan Watson • Watson Realty & Associates
$430,000
$430,000
Est.Price: ?

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9,680 SqFt

85-87 Main ST Fair Haven, VT 05743

Est. payment /mo
SOLD DATE : 12/31/2019

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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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Trevor Ainsworth

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