NOT LISTED FOR SALE
9 Beds
4 Baths
3,590 Sq Ft
0.34 Acre Lot

Sale Details

Date Sold: March 5, 2020

Last sale price $160,200 $45 Per Sq Ft

167 Days on Market

About This Home

As of March 2020

4 unit investment property in downtown Brattleboro. 3 two bedroom units and 1 three bedroom unit ideal for owner occupant that would like the income to pay for the residence. This is one of those "hands off" investment properties for the Land Lord/owner. All utilities are separated and paid for by the tenants. Each has their own HW and propane heat source and has separately metered electric meters. The newest tenant moved in 4 years ago and the other three have been there for 17 plus years and the rents have only had one rent increase over the years and are drastically under market. Even with the below market rents the building offers a CAP Rate of 11. At market rents the CAP Rate would be in the range of 15!! The building has had SEVCA energy efficiency upgrades including attic insulation and high density foam sprayed on the interior basement wall along with a vapor barrier. The structure appears solid but is a little rough around the edges in terms of light carpentry and paint needed. Exterior is vinyl siding and slate roofing. Listed $45,000 below the current town assessed value. A great opportunity for those looking to acquire their first investment property OR for seasoned investors looking to add to the portfolio. 48 hours required for showings.

Last Agent to Sell the Property

Chris Long

BHG Masiello Brattleboro License #082.0005779 Listed on: 07/19/2019

BHG Masiello Brattleboro

Last Buyer's Agent

David Brown

License #081.0004448

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1890

Lot Details

  • 14,810 Sq Ft Lot
  • Lot Sloped Up

Parking

  • Gravel Driveway

Home Design

  • Concrete Foundation
  • Wood Frame Construction
  • Slate Roof
  • Clap Board Siding

Interior Spaces

  • 4 Full Bathrooms
  • 3,590 Sq Ft Home
  • 2-Story Property

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Dirt Floor

Utilities

  • Wall Furnace
  • Heating System Uses Gas
  • Separate Meters
  • Liquid Propane Gas Water Heater
  • High Speed Internet
  • Phone Available

Community Details

Overview

  • 4 Units

Building Details

  • Operating Expense $12,778
  • Gross Income $31,500
  • Net Operating Income $18,722

Property Details

Home Type

Multi-Family

Year Built

Built in 1890

Lot Details

0.34 Acres

Listing Details

  • Status Detail: Closed
  • Style: Multi-Family
  • Directions: From Downtown Brattleboro take Elliot Street off Main Street. follow past the Brattleboro Fire Station and continue to property on left just past park.
  • Assessment Amount: 214150
  • Assessment Year: 2018
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 44.62
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 5385
  • Sq Ft - Apx Total Finished: 3590
  • Year Built: 1890
  • List Agent: 10593
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: Yes
  • Basement Access Type: Walkout
  • Basement Description: Dirt Floor, Full
  • Sq Ft - Apx Finished AG: 3590
  • Sq Ft - Apx Unfinished BG: 1795

Exterior Features

  • Construction: Wood Frame
  • Driveway: Gravel
  • Exterior: Clapboard
  • Foundation: Concrete, Fieldstone
  • Road Frontage: Yes
  • Roads: Public
  • Roof: Slate

Utilities

  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Water: Public
  • Water Heater: Electric, Gas - LP/Bottle, Separate
  • Heating Fuel: Gas - LP/Bottle
  • Heating: Wall Furnace
  • Separate Utilities: Yes
  • Total Electric Meters: 4
  • Total Heat Units: 4
  • Total Ranges: 4
  • Total Refrigerators: 4
  • Total Water Heaters: 4
  • Utilities: Internet - Cable, Phone

Fee Information

  • Tax Class: Non-Homestead

Lot Info

  • Lot Sq Ft: 14810
  • Lot Acres: 0.34
  • Lot Description: City Lot
  • Surveyed: Unknown
  • Zoning: RM
  • Deed Book: 417
  • Deed Page: 287
  • Deed Recorded Type: Quit Claim

Multi Family

  • Gross Income: 31500
  • Net Income: 18722
  • Total Full Baths: 4
  • Total Units: 4
  • Total2 Bedroom Units: 3
  • Total3 Plus Bedroom Units: 1

Tax Info

  • Tax Gross Amount: 5976.04
  • Tax Year: 2018

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 29, 2021
Sold by

Purchase Details

Listed on
Jul 19, 2019
Closed on
Mar 3, 2020
Sold by
Bought by
Seller's Agent
Chris Long
BHG Masiello Brattleboro
Buyer's Agent
David Brown
List Price
$169,000
Sold Price
$160,200
Premium/Discount to List
-$8,800
-5.21%

Purchase Details

Closed on
Oct 20, 2013
Sold by
Bought by

Purchase Details

Closed on
Jul 1, 2002
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- --
$160,200 --
-- --
$125,000 --
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/05/2020 03/05/20 Sold $160,200 -5.2% $45 / Sq Ft
01/02/2020 01/02/20 Pending -- -- --
10/30/2019 10/30/19 For Sale $169,000 0.0% $47 / Sq Ft
08/09/2019 08/09/19 Pending -- -- --
07/19/2019 07/19/19 For Sale $169,000 -- $47 / Sq Ft
Source: PrimeMLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,953 $214,150 $41,600 $172,550
2024 $6,953 $214,150 $41,600 $172,550
2023 $6,418 $214,150 $41,600 $172,550
2022 $6,236 $214,150 $41,600 $172,550
2021 $6,295 $214,150 $41,600 $172,550
2020 $6,214 $214,150 $41,600 $172,550
2019 $5,988 $214,150 $41,600 $172,550
2018 $5,976 $214,150 $41,600 $172,550
2017 -- $214,150 $41,600 $172,550
2016 $5,732 $214,150 $41,600 $172,550
2015 -- $2,142 $0 $0
2014 -- $2,142 $0 $0
2013 -- $2,142 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4765766

PrimeMLS
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