

Listed by Coldwell Banker Hickok & Boardman
$750,000
23 West Lane
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,688
Units 4
Cap Rate 9.87%
NOI $74,015
Price per SqFt $279
Year Built 1899
Acreage 0.070
Zoning R-C, Res
Multifamily | 4 Units | $187,500/unit
Marketing description
Exceptional investment opportunity in the heart of Winooski! This well-maintained, 4-unit apartment building includes two 1-bedroom units and two 2-bedroom units, each offering 1 full bath. All apartments feature hardwood floors, upgraded kitchens with tiled backsplashes and stainless-steel appliances, and nicely finished tiled bathrooms. Every unit has its own laundry and a covered porch - some even enjoy two covered porches - adding to tenant appeal and everyday comfort. Outside, there's a shared backyard, tandem driveway parking for 2-3 vehicles, and ample street parking. Located just one block from a neighborhood convenience store and close to downtown Winooski and the rotary with its vibrant mix of shops, pubs, and eateries. Minutes to local colleges, I-89, and Burlington. Fully rented with a strong 9.8% cap rate, this property is ideal for a first-time landlord or a seasoned investor looking to expand a thriving portfolio.
Listing Contacts


Listed by Coldwell Banker Hickok & Boardman
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$74,015.00
$6,167.92/mo
Valuation Metrics
0
DSCR
9.87%
Cap Rate
9.87%
ROI
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