73 South Main
Waterbury, VT 05676
- – beds
- – baths
- 16,578 sqft
- ~3/4 acre lot
- $271 per sqft
- 2004 build
- – on site
Prime Multi-Family Investment Opportunity in Downtown Waterbury, VT: 20 Units, NOI $330K+ with 7%+ Cap Rate Discover an exceptional investment opportunity in the heart of charming Waterbury, Vermont. This property generates a robust return on investment—the projected NOI growth will reach over $400,000 within the next 12 months. Fully Occupied: The property enjoys 100% occupancy, reflecting its desirability and the strong rental market in Waterbury. Unit Variety: The three buildings offer a diverse mix of 1, 2, and 3-bedroom units. Ample Storage & Parking: Many units come with full basements, providing substantial storage options, and ample parking. Excellent Condition: This property requires limited to no capital expenditures due to its outstanding condition, ensuring a hassle-free investment experience. Ideal Location: Situated within walking distance of all downtown Waterbury amenities. The property offers convenient access to I-89, making it an attractive choice for commuters traveling to Burlington, Montpelier, and beyond. Investment Potential: This property is rare in Waterbury's competitive real estate market. Its strong financial performance, prime location, and excellent condition make it a standout investment.
Last checked:
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Last updated Sep 5, 2024
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MLS# 5002132 —
The Building
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Year Built:2004
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Pre-Construction:No
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Construction Status:Existing
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Construction Materials:Wood Frame, Brick Veneer Exterior, Vinyl Siding
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Architectural Style:Apartment Building, Multi-Family
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Roof:Metal
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Foundation:Concrete, Slab - Concrete
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Total Stories:2
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Total Units:20
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Approx SqFt Total:22691
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Approx SqFt Total Finished:16,578 Sqft
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Approx SqFt Finished Above Grade:16,578 Sqft
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Approx SqFt Finished Below Grade:0 Sqft
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Approx SqFt Unfinished Above Grade Source:Public Records
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Approx SqFt Unfinished Below Grade:6113
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Approx SqFt Finished Building Source:Public Records
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Approx SqFt Unfinished Building Source:Public Records
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Approx SqFt Finished Above Grade Source:Public Records
Interior
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Basement:Yes
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Basement Description:Unfinished
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Basement Access Type:Interior
Location
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Directions:Heading south on Route 100 in Waterbury, take the 2nd right at the roundabout. In 0.5 miles, 73 South Main is on the right across from Kinney Drugs.
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Latitude:44.334900564318723
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Longitude:-72.753963525131240
The Property
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Property Class:Multi-Family
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Seasonal:No
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Lot SqFt:37,462 Sqft
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Lot Acres:0 Sqft
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Zoning:Downtown Comm
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Driveway:Paved
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Roads:Paved, Public
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Flood Zone:Yes
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Lot Features:City Lot, Condo Development, Level, Major Road Frontage, Sidewalks
Listing Agent
- Contact info:
- Office phone:
- (802) 253-7358
Taxes
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Tax Year:2024
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Taxes TBD:No
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Tax - Gross Amount:$45,925
Beds
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Total 2 Bedroom Units:8
Baths
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Total Full Baths:20
The Listing
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Unbranded Tour URL:
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Price Per SqFt:271.14
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Foreclosed/Bank-Owned/REO:No
Heating & Cooling
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Heating:Baseboard, Hot Water
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Heat Fuel:Gas - LP/Bottle
Utilities
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Utilities:Cable, Underground Utilities
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Separate Utilities:Varies
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Sewer:Public
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Electric:Circuit Breaker(s)
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Water Source:Public
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Total Electric Meters:20
Appliances
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Total Refrigerators:20
Schools
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School District:Washington
The Community
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Area Description:Historic District, In Town, Near Shopping, Village
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Covenants:No
Parking
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Parking:Off Street
Extra Units
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Total 3+ BR Units:6
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
9/5/24
Sep 5, 2024
|
Price Changed | PRIME_MLS | $4,495,000 | -2.2% |
|
6/25/24
Jun 25, 2024
|
Listed / Active | PRIME_MLS | $4,595,000 | |
|
1/27/20
Jan 27, 2020
|
Sold | PRIME_MLS |
