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Winooski Vermont- High Performing Rental Portfolio. Consisting of 3 buildings located on the corner of West Lane/Mallets Bay Ave and 101 Union St. with 10,804 sq. ft., 9 units and 24 bedrooms. Strong financials at an 8.5%+ Cap Rate with significant upside on below market rents. This portfolio represents a special opportunity for prospective buyers to acquire 3 Multi Family buildings in Winooski, one of Vermont’s most sought-after locations. (Note: Unit 9 is a 3BR for $1600/mo. at 101 Union Street).
Property Location
101 Union Street Winooski
Property Details
Sold Price $1,270,000
Sold Date Aug 26th, 2021
List Price 1,350,000
Bedrooms 21
Garage Size Car
Cooperation Fee Unknown
Total Bathrooms 8
Year Built 1910
MLS# 4855410
Lot Size 0.24 Acres
Taxes $20,870
Type Multi-Family
Days on Market 1318 Days
Tax Year 2020
Units 9
Stories 2
Road Frontage
Annual Income $159,300
Style Apartment Building, Multi-Family
Water Frontage
Annual Expenses $0
Finished 10,804 Sqft
Construction No, Existing
Zoning Residential
Above Grade 10,804 Sqft
Seasonal No
Total Rooms 21
Below Grade 0 Sqft
List Date Apr 13th, 2021
Gross Income $159,300
Operating Expenses $0
Net Income $115,386
Expenses Includes
Unit 1 2 Beds, 1 Baths, $1,275/Monthly
Unit 2 3 Beds, 1 Baths, $1,600/Monthly
Unit 3 3 Beds, 1 Baths, $1,600/Monthly
Unit 4 2 Beds, 1 Baths, $1,250/Monthly
Unit 5 3 Beds, 1 Baths, $1,550/Monthly
Unit 6 3 Beds, 1 Baths, $1,550/Monthly
Unit 7 2 Beds, 1 Baths, $1,250/Monthly
Unit 8 3 Beds, 1 Baths, $1,600/Monthly
ConstructionWood Frame
BasementInterior, Unfinished
Interior Features
Exterior Features
Exterior Vinyl Siding, Wood Siding
Disability Features
Foundation Stone
House Color
Floors
Building Certifications
Roof Rolled, Shingle
HERS Index
Directions
Lot Description, City Lot
Garage & Parking No, ,
Road Frontage
Water Access
Driveway Paved
Water Type
Flood Zone Unknown
Water Body
Zoning Residential
School District NA
Middle
Elementary
High
Heat Fuel
Excluded
Heating/Cool None, Baseboard, Wall Units, Space Heater, Hot Water
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