1. Vermont
  2. Brattleboro
  3. 29 Canal Street
$725,000

29 Canal Street, Brattleboro, VT 05301

  • 6,576 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1900
  • Property Lot Size Icon3,920sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $110/sqft
  • Property List Date Icon Listed 4 months ago

Property Description

This listing courtesy of Michael Gilman, 3GEN Real Estate Inc

High cash flow 100% occupied 8 unit located in downtown Brattleboro. This property was recently renovated and is being listed at a 11% cap and an annual Net Operating Income estimated at north of ~$80K (12% cap without management fees). The property features an attractive mix of unit types and sizes including 4x rarely available oversized 3br, 2x2br and 2x1br A new owner can step into to this turnkey investment, projected to yield a ~19% cash on cash return starting year 1 based on current numbers and rates. This allows an investor to realize returns from cash-flow vs speculation. Please reach out to the listing broker for up to date Offering Memorandum package. In addition to enjoying the tremendous cash flow, there is also significant upside to acquire a high quality stabilized 8-plex in the heart of vibrant and growing Brattleboro at an attractive valuation. The property is available as a package with other buildings across VT for a buyer looking for a larger high cash flow turnkey multifamily portfolio. Listing Broker is a member of the LLC selling the property.

Listing Status:
Active
Date Added:
April 25, 2025 at 05:00AM
Listing Office:
3GEN Real Estate Inc : 802-227-7327
Listing Agent:
Michael Gilman : 802-227-7327
MLS ID:
5037977
  • Basement: Unfinished
  • A/C: None
  • Heating: Oil

This listing courtesy of Michael Gilman, 3GEN Real Estate Inc

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

G

Green Street School

164 Green St, Brattleboro, VT, 05301

Grades PK-6

0.33 miles away

B

Brattleboro Area Middle School

109 Sunny Acres Rd, Brattleboro, VT, 05301

Grades 7-8

1.00 miles away

B

Brattleboro Union High School

131 Fairground Rd, Brattleboro, VT, 05301

Grades 9-12

0.93 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.