34 Union Street

Springfield, VT 05156

Well maintained 4plex located in a desirable quaint residential Springfield neighborhood with a NOI of $29K and listed at over a 10% cap rate. Featuring spacious 4x1br, this building has been recently renovated and updated, and is 100% occupied. A new owner can step into to this turnkey investment, projected to yield over a 17% cash on cash return (90% financing assumed ) starting year 1 based on current numbers to realize significant returns from cash-flow vs speculation. Some rents are significantly under market and can be raised to market to achieve over a 27% cash on cash return. Springfield is undergoing significant growth and investment, and this is an excellent opportunity to acquire a high cash flow property at a low 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 courtesy of Michael Gilman of 3GEN Real Estate Inc



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Last checked: 2025-03-06 05:28 PM UTC