16 Gallup Court Swanton, Vermont 05488 MLS# 4344985

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Sold Status

$334,000 Sold Price

Multi Type

14 Beds

6 Baths

4,864 Sqft

Listed By Shawn Cheney of
Sold By Vermont Real Estate Company
✉ 🖶

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16 Gallup Court

Great 6 Unit investment building with solid rental history. Building Gross income of $66,000. 4 units at rent at $950 a mo that include heat and elec. 2 units rent at $850 and include heat, only. Four 1st floor 1 level apartments. Two 2nd floor one level apartments. New Natural Gas High efficiency furnace installed in 2014 will push the net profits up from the previous years!! New Roof in 2015. This a is a turnkey investment that shows profits from day 1. Building was built in 1975 as a 6 unit complex. This is not a converted home it's a rental set up. Property is the last place on a Cul-de-sac drive street that is located in Swanton Village. At about $58k a unit these numbers work for an investor. †

Property Location

16 Gallup Court Swanton

Property Details

Sold Price  $334,000 Sold Date  Mar 31st, 2015
List Price  349,000 Bedrooms  14 Garage Size  0 Car
Cooperation Fee  Unknown Total Bathrooms  6 Year Built  1975
MLS#  4344985 Lot Size  0.5 Acres Taxes $5,321
Type  Multi-Family Days on Market  3888 Days Tax Year 2013
Units  6 Stories  2 Road Frontage  144
Annual Income  $0 Style  Other Water Frontage  
Annual Expenses  $26,000 Finished  4,864 Sqft Construction  No, Existing
Zoning   Res Above Grade  4,864 Sqft Seasonal  No
Total Rooms  0 Below Grade  0 Sqft List Date  Mar 31st, 2014
Gross Income  $0 Operating Expenses  $26,000 Net Income  $66,000
Expenses Includes 
Unit 1   2 Beds, 1 Baths, 768 SqFt, $950/Mo Unit 2   2 Beds, 1 Baths, 768 SqFt, $950/Mo
Unit 3   4 Beds, 1 Baths, 768 SqFt, $950/Mo Unit 4   2 Beds, 1 Baths, 768 SqFt, $950/Mo
Unit 5   2 Beds, 1 Baths, 768 SqFt, $0/Mo Unit 6   2 Beds, 1 Baths, 768 SqFt, $0/Mo
ConstructionWood Frame
BasementFull
Interior Features
Exterior Features
Exterior  Vinyl Disability Features  
Foundation  Concrete House Color  WHITE
Floors  Vinyl, Carpet Building Certifications  
Roof  Shingle-Asphalt HERS Index  
DirectionsRT 7 OR EXIT 21 TO MERCHANTS ROW/OVER BRIDGE/RIGHT LEFT ONTO GALLUP CT/TO THE END ON RIGHT
Lot DescriptionLevel, Cul-de-Sac, Near Railroad, Village
Garage & Parking  No, On Site
Road Frontage  144 Water Access  
Driveway  Gravel Water Type  
Flood Zone  No Water Body  
Zoning  Res
School District  NA Middle  
Elementary   High  Missisquoi Valley UHSD #7
Heat Fuel  Gas-Natural Excluded  
Heating/Cool  Multi Zone, Baseboard, Multi Zone, Hot Water Negotiable  
Sewer  Public Parcel Access ROW  
Water  Public ROW for Other Parcel  
Water Heater  Electric Financing  Conventional, Cash Only
Cable Co  Verizon/Fairpoint Documents  Deed, Property Disclosure
Electric  Circuit Breaker Tax ID  639-201-11040
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† The remarks published on this webpage originate from Listed By Shawn Cheney of via the PrimeMLS IDX Program and do not represent the views and opinions of Coldwell Banker Hickok & Boardman. Coldwell Banker Hickok & Boardman cannot be held responsible for possible violations of copyright resulting from the posting of any data from the PrimeMLS IDX Program.