85-87 Main StreetFair Haven, VT 05743MLS Number 4889466

  • Price: $509,000
  • Est. Mortgage of $/month
  • 32 Days on Market
$
$
%
$/month over payments
Federal 30-year interest rate: 3.11% last updated on Dec 2, 2021
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
Active with Contract
85-87 Main Street Fair Haven VT 0574385-87 Main Street Fair Haven VT 0574385-87 Main Street Fair Haven VT 0574385-87 Main Street Fair Haven VT 0574385-87 Main Street Fair Haven VT 0574385-87 Main Street Fair Haven VT 0574385-87 Main Street Fair Haven VT 0574385-87 Main Street Fair Haven VT 0574385-87 Main Street Fair Haven VT 0574385-87 Main Street Fair Haven VT 0574385-87 Main Street Fair Haven VT 0574385-87 Main Street Fair Haven VT 0574385-87 Main Street Fair Haven VT 0574385-87 Main Street Fair Haven VT 0574385-87 Main Street Fair Haven VT 05743
QR Code
  • 0.07Acreage
  • 10Bathrooms
  • 1892Year Built
  • 9,600Square Feet

Driving Directions

Listed by Mike Kalil of Watson Realty & Associates
Investors take note of this nicely maintained 4 story brick commercial building that has a first floor commercial rental that consists of approximately1800 sq. feet and it was is used as a Cafe for years now its an insurance agency, 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 lotthat 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. 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. Gross income over $103 K NOI is over $59K

Ask A Question

Do not fill in this field:

More Info

Basic Information

  • StatusActive With Contract
  • List Price$509,000
  • MLS Number4889466
  • MLS StatusActive Under Contract

Property

  • Acreage0.07
  • Parking Spaces
  • Square Feet9,600
  • APX Fin AG Sqft9,600
  • Road Frontage80
  • RoadsPublic
  • Lot DescriptionCity Lot, Corner

Location

  • TownFair Haven
  • StateVT
  • Zip05743
  • CountyRutland
  • Zoningmixed
  • Flood Zone Y/NNo

Exterior

  • ExteriorBrick
  • RoofMembrane
  • Exterior ColorRed Brick

Utilities

  • Heat FuelOil
  • Heat SystemBaseboard, Hot Water
  • UtilitiesCable - Available, DSL - Available, Phone
  • WaterPublic
  • Water HeaterOff Boiler
  • ElectricCircuit Breaker(s)
  • SewerPublic

Building

  • Year Built1892
  • Building ConstructionMasonry
  • StyleApartment Building, Multi-Family
  • Units10
  • # of 1 Bedrooms9
  • Bathroom10
  • Total Baths10
  • BasementFull, Storage - Locked
  • FoundationPoured Concrete

Other

  • Taxes$9,255
  • Seasonal Y/NNo
TPW Real Estate - Ludlow
TPW Real Estate - Ludlow
Office: 802-228-9400
207 Main Street
Ludlow, VT 05149
Broker Reciprocity

Copyright 2021 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the IDX Program of NEREN. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated December 6, 2021.

 

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

$

Do not fill in this field: