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This well-maintained, fully-rented four-unit apartment building is an ideal investment opportunity with short-term leases in place, providing immediate rental income. Formerly known as the West Side Inn, the property features some new flooring and fresh paint, making it a turn-key investment with minimal upkeep required. Situated on a half-acre lot. The units are heated with monitor heaters upstairs, and one oil furnace and one propane furnace service the building. Public water and sewer further simplify ownership. With its prime location near downtown, the new bistro, and bakery, this building has strong demand from tenants, ensuring reliable cash flow. This is an excellent opportunity for investors looking to generate steady income.
• Four apartments in good location • Freshly painted, new laminate flooring • Fully rented, immediate income • One half-acre lot with lawn areas • Standing seam roof, vinyl siding • Near the new bistro and bakery
Cooperation Fee - 2.5%
The Seller(s) of this property has authorized the Listing Agency/Agent to offer a Cooperation Fee or Seller Concession toward Buyers’ closing costs in the amount of 2.5% with accepted terms of an offer. This fee is offered to Buyer’s Agents and Broker’s Agents.
This fee must be agreed to in writing within the terms of the Purchase & Sale Contract or in a fully executed Commission Allocation Agreement or Cooperation Agreement between the brokerage firms; and will be paid at closing.✱
DirectionsI-89 Exit 21 to east on Route 78 through Swanton, over the bridge, go straight at the intersection onto Depot Street. House on the far left.
Lot DescriptionNo, Open, Porch - Enclosed
Garage & Parking No, Driveway
Road Frontage 217
Water Access
Driveway Paved
Water Type
Flood Zone Unknown
Water Body
Zoning Commercial General
School District Franklin Northwest
Middle Swanton School
Elementary Swanton School
High Missisquoi Valley UHSD #7
Heat Fuel , Electric, Oil, Monitor Type
Excluded
Heating/Cool None, Hot Air, Hot Water, Electric, Baseboard
Negotiable
Sewer Public
Parcel Access ROW
Water
ROW for Other Parcel
Water Heater
Financing
Cable Co
Documents Property Disclosure, Deed
Electric Circuit Breaker
Tax ID 639-201-10719
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✱ If you engage a brokerage firm to represent you in a real estate transaction, you are responsible for compensating the firm according to the terms of your brokerage service agreement.
Compensation to be paid under a brokerage service agreement is solely and entirely a matter of negotiation between an agent and client and is in no way controlled, fixed, or pre-established.
Historically, cooperation fees were published in the Multiple Listing Service (MLS) for each Listing. Recent changes to the rules, prohibit the publication of these fees in the MLS but allow the display on a brokerage's website for their Clients' listings.