$1,850,000
UNDER CONTRACT $100K PRICE DROP

2 Cross, 24 Main 109 113 123 389 Railroad St Brighton, VT 05846

Estimated payment $12,071/month

Total Views 4,647
-- Bed
-- Bath
35,784 Sq Ft
$52 Price per Sq Ft

Highlights

  • Water Views
  • Wood Flooring
  • Baseboard Heating
  • Lake, Pond or Stream
  • Balcony
  • Wood Siding

About This Home

Income producing properties consisting of 33 total units (29 residential & 4 commercial) in 6 separate buildings. Total current rental income = $296,525, potential rent = $394,325 (additional 2 vacant residential units being renovated at the moment and 4 owner-occupied commercial units/businesses). Total annual operating expenses = $117,497. Commercial units consist of two, retail storefronts and an arcade/ laundromat with 10 owned coin-op washers & 10 dryers. Owner will consider negotiating a sale to include any/all of the businesses, equipment, and inventory. All properties are in decent condition, have very low vacancy rates and many have long-standing tenants/leases. This would make a manageable investment as all properties are within close proximity/walking distance to all town amenities, with current rental manager willing to offer services to new owner. All buildings are serviced by public/water sewer and a combination of oil-boilers/propane wall units. Full financials, leases, property details, etc. available.

Listing Agent

Luke Sykes

Jim Campbell Real Estate License #082.0135074 Listed on: 04/03/2025

Co-Listing Agent

Ryan Pronto

Jim Campbell Real Estate License #081.0063392

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $27,840

Year Built

  • Built in 1850

Home Design

  • Concrete Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Corrugated Roof
  • Membrane Roofing
  • Metal Roof
  • Wood Siding
  • Shingle Siding
  • Vinyl Siding

Interior Spaces

  • Property has 3 Levels
  • Window Screens
  • Water Views
  • Basement
  • Interior Basement Entry

Flooring

  • Wood
  • Laminate
  • Ceramic Tile

Parking

  • Shared Driveway
  • Dirt Driveway
  • Paved Parking
  • On-Street Parking
  • On-Site Parking

Outdoor Features

  • Lake, Pond or Stream
  • Balcony

Schools

  • Brighton Elementary School
  • Brighton Elementary Middle School
  • North Country Union High Sch

Utilities

  • Radiator
  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Mounted To A Wall or Window
  • Separate Meters

Additional Features

  • 1.51 Acre Lot
  • City Lot

Community Details

Overview

  • 33 Units

Building Details

  • 27 Leased Units
  • Gross Income $296,525

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$27,840

Year Built

Built in 1850

Lot Details

0

Listing Details

  • Directions: All properties located in downtown Brighton.
  • Seasonal: No
  • Property Type: Residential Income
  • Year Built: 1850
  • Display On Internet: High Speed Intrnt at Site
  • Architectural Style: Multi-Family
  • ResoLotFeatures: City Lot, Rental Complex, Near Snowmobile Trails, Neighborhood, Near ATV Trail, Near School(s)
  • Road Frontage Type: Paved, Public
  • Co List Office Mls Id: 4305-0
  • MLS Status: (31) Under Contract - Active Under Contract
  • Above Grade Finished Sq Ft: 35784.0
  • Unit Levels: 3
  • ResoPropertyCondition: Existing
  • Flood_Zone: No
  • Foreclosed_Or_Bank_Owned_Or_REO: No
  • Pre_Construction: No
  • Water_Body_Access: No
  • Water_Body_Type: Lake
  • Water_View: Yes
  • Basement_Access_Type: Interior
  • Separate_Utilities: Yes
  • Special Features: UnderContract
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Domestic Water Heater, Water Heater off Boiler, Oil Water Heater, Tankless Water Heater
  • Flooring: Ceramic Tile, Combination, Hardwood, Laminate
  • Basement: Concrete, Concrete Floor, Crawl Space, Dirt Floor, Insulated, Interior Stairs, Sump Pump, Exterior Entry
  • Basement YN: Yes

Exterior Features

  • Driveway: Common/Shared, Dirt, Paved
  • Exterior Features: Balcony, Natural Shade, Covered Porch, Window Screens, Double Pane Window(s)
  • Roof: Corrugated, Membrane, Metal, Architectural Shingle, Asphalt Shingle
  • Water Body Name: Island Pond
  • Construction Type: Wood Frame, Combination Exterior, Shingle Siding, Vinyl Siding, Wood Exterior
  • Waterfront: No
  • Exclusions: Some units have tenant-owned appliances, refer to listing agents for details.
  • Foundation Details: Concrete, Concrete Slab, Stone

Garage/Parking

  • Attached Garage: No
  • Parking Features: On Site, On Street

Utilities

  • Electric: 100 Amp Service, 200+ Amp Service
  • Sewer: Public Sewer
  • Heating: Propane, Oil, Baseboard, Hot Water, Radiator, Wall Units
  • Cooling: Wall Unit(s)
  • Trash: Owner
  • Utilities: Propane
  • Water Source: Public

Schools

  • Elementary School: Brighton Elementary
  • High School: North Country Union High Sch
  • Middle Or Junior School: Brighton Elementary School

Lot Info

  • Surveyed: Unknown
  • Zoning: Village
  • Lot Size Acres: 1.51
  • Lot Size Sq Ft: 65776.0

Multi Family

  • Gross Income: 296525.0
  • Number Of Units Total: 33
  • Number Of Units Leased: 27

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 27840.33

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/30/2025 06/30/25 Price Changed $1,850,000 -5.1% $52 / Sq Ft
04/03/2025 04/03/25 For Sale $1,950,000 -- $54 / Sq Ft
Source: PrimeMLS

Source: PrimeMLS

MLS Number: 5034779

PrimeMLS
Vermont Essex County Brighton 05846

2 Cross, 24 Main 109 113 123 389 Railroad St, Brighton, VT

Under Contract

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Luke Sykes
Listing Agent
Luke Sykes
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Jim Campbell Real Estate
(802) 553-3494