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Listing courtesy of PRIME_MLS / Mike Kalil / Watson Realty & Associates

85-87 Main Street

Fair Haven, VT 05743

– beds
– baths
9,600 sqft
3,049 sqft lot
$88 per sqft
1892 build
– on site

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 it has been used as a Cafe for years now its a retail business. 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 10 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. 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 $124,800 NOI is over $79,481

Listing courtesy of PRIME_MLS / Mike Kalil / Watson Realty & Associates

Last checked: Checking… • Last updated Dec 21, 2024 •

MLS# 5025060 —

The Building

Year Built:

1892
Pre-Construction:

No
Construction Status:

Existing
Construction Materials:

Masonry, Brick Exterior
Architectural Style:

Apartment Building, Multi-Family
Roof:

Membrane
Foundation:

Poured Concrete
Total Stories:

4+
Total Units:

10
Approx SqFt Total:

11200
Approx SqFt Total Finished:

9,600 Sqft
Approx SqFt Finished Above Grade:

9,600 Sqft
Approx SqFt Finished Below Grade:

0 Sqft
Approx SqFt Unfinished Below Grade:

1600
Approx SqFt Unfinished Building Source:

Owner
Approx SqFt Finished Above Grade Source:

Other
Road Frontage Type:

Public

Interior

Basement:

Yes
Basement Description:

Concrete Floor, Full
Basement Access Type:

Interior
Room 5 Type:

Leased

Room Dimensions

Room 1 Dimensions:

0 Sqft
Room 2 Dimensions:

4 Sqft
Room 4 Dimensions:

0 Sqft
Room 6 Dimensions:

0 Sqft
Room 8 Dimensions:

0 Sqft
Room 9 Dimensions:

4 Sqft
Room 11 Dimensions:

0 Sqft
Room 13 Dimensions:

0 Sqft
Room 21 Dimensions:

4

Location

Latitude:

43.593226000000001
Longitude:

-73.265302542327902

The Property

Property Class:

Multi-Family
Seasonal:

No
Lot SqFt:

3,049 Sqft
Lot Acres:

0 Sqft
Zoning:

commercial/residential
Road Frontage:

Yes
Road Frontage Length:

80 Sqft
Lot Features:

City Lot, Corner

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Taxes TBD:

No
Tax - Gross Amount:

$10,719

Beds

Bedrooms - Level 1:

1

Baths

Total Full Baths:

9
Full Baths Size:

0 Sqft
Three Quarter Baths Size:

3 Sqft
Quarter Baths:

1
Unit 1 Baths:

1
Unit 2 Baths:

1

The Listing

Price Per SqFt:

88.33
Foreclosed/Bank-Owned/REO:

No

Heating & Cooling

Heating:

Oil, Baseboard
Cooling:

Multi Zone

Utilities

Utilities:

Cable - Available, Phone
Sewer:

Public
Electric:

Circuit Breaker(s)
Water Source:

Public

The Community

Condo Name:

Monthly
Marina Name:

Monthly
Covenants:

No

Extra Units

Unit 1 Bedrooms:

1
Unit 2 Bedrooms:

1
Unit 3 Bedrooms:

1
Unit 3 Baths:

1
Unit 4 Bedrooms:

1
Unit 4 Baths:

1
Unit 5 Bedrooms:

1
Unit 5 Baths:

1
Unit 6 Bedrooms:

1
Unit 6 Baths:

1
Unit 8 Baths:

1
Unit 8 Bedrooms:

1

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Bike Score®

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Sale history

Date	Event	Source	Price	% Change
12/21/24 Dec 21, 2024	Listed / Active	PRIME_MLS	$848,000

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This multifamily located in Fair Haven, VT 05743 is currently for sale for $848,000. 85-87 Main Street is a 9,600 square foot multifamily with – beds and – baths that has been on Estately for 1 days. This multifamily is in the attendance area of Fair Haven Grade School and Fair Haven Union High School.

Listing Courtesy of: PRIME_MLS and Watson Realty & Associates.

Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. 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.