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Cummings & Co.

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222-224 Gage StreetBennington, VT 05201Sale Price: $117,000

  • Sale Price: $117,000
  • 11 Days Since Sale
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Federal 30-year interest rate: 6.79% last updated on Jun 1, 2023
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $105,000List Price
  • 2Bathrooms
  • 0.05Acreage
  • 1,440Square Feet

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Listed by Jenifer Hoffman of Hoffman Real Estate (Jenifer@HoffmanVTRealEstate.com)

Listing Sold by Hoffman Real Estate
In-town duplex with (2) two bedrooms apartments. Rents include trash & heat (one boiler) and are going up to $1,200/month starting April 1st... increasing gross income by $510/month! Walkable location, close to downtown shops/bars/restaurants, schools, neighborhood grocery stores, and pharmacies. Both units are occupied, tenants have month-to-month agreements and would like to stay. Each apartment has nice laminate wood floors throughout, with a living room, kitchen, two bedrooms, and one bathroom. Downstairs unit has tub/shower, upstairs only has a shower. Laundry hook-ups inside each unit (tenants own the washers/dryers). In the basement there's a NEW boiler and 2 NEW electric hot water tanks (both Dec 2020), town water, and separate circuit breaker panels. Outside, there is a brand NEW chimney (April 2023) and NEW sewer line (Jan 2022). Tenants pay their own electric, hot water, and cable/internet. If you want units to pay their own eat, explore options for installing a second boiler or heat pump mini splits. On the exterior is a slate roof, aluminum siding, a mix of wood and vinyl replacement windows, and a covered front porch. Off street parking for 2 cars. With low taxes and many recent improvements, this turn-key property will create cash flow year after year. This property could qualify for FHA or VA financing.

Property Details of 222-224 Gage Street

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Copyright 2023 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated June 6, 2023 5:39 AM EDT

 

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