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
Year Built 1890
Annual Tax Amount $4,204
Tax Year 2024
Lot Size 3,920 Sqft
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
Interior
Cooling None
Exterior
Utilities Available Cable
Roof Type Slate
Building
Story 2
Foundation Stone
Sewer Public