50-52 Gorham Bridge Road Proctor, VT 05765
Rarely available, high cash flow 4plex, in the charming artisan town of Proctor, listed at close to a 10% cap, with significant upside from below market rents. This combination of value-add and high cash flow in a stunning highly sought after location is rare to find. The building has been professionally managed and renovated. The investment is projected to yield over a 11% year 1 cash on cash return based on current numbers, and cash returns can go to 21%+ per year if rents are brought to market. This allows the new owner to realize significant returns from cash flow vs speculation. This property is located within proximity to such iconic sites such as the Vermont Marble Museum, Wilson Castle, Beaver Pond, Proctor Free Library, outdoor ice-skating and roller rink, Carriage Trails, as well as the Proctor Pool. One unit has been left vacant for showings or immediate owner occupancy. Property is available as a package with another Proctor 4plex - 66-68 South St MLS#5013869. Listing Broker is a member of the LLC selling the property.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyN/A
- Taxes$3,669
- HOA/Condo/Coop Fees$0
- Days on Site6 Days
- MLS StatusActive
- MLS ID Number5013870
- Home Size Source Appraiser
- Year Built1920
- Lot Size0.68 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Style Multi- Family
- Sewer Public Sewer
- Basement Unfinished
- Number of Stories 2
- Acreage 0.68
- Water Public
- Attached Garage No
- Zoning res
Interior Features
- Cooling None
- Heating OilBaseboard
Exterior Features
- Roof Asphalt
- Lot View
Community Features
- MLS Area VT-Rutland