NOT LISTED FOR SALE

49 Vine St Brattleboro, VT 05301

8 Beds
5 Baths
3,500 Sq Ft
0.37 Acres

Last Sold November 20, 2020

Last sale price $300,000 $86 Per Sq Ft

50 Days on Market

Highlights

  • Hot Water Heating System
  • Lot Sloped Up
  • Walk-Up Access
  • High Speed Internet

About This Home

As of November 2020

Are you discouraged to find no good residential investment properties in Brattleboro? Time to sit up and pay attention! This 5-unit has great numbers, is in a very good neighborhood and has been well maintained by current owners for past 17 years! Average three-year free cash flow of $25,586 with projected free cash flow of $33,416 with 4% vacancy rate and typical expenses. This property has 1-3BR, 1-2BR and 3-1BR apartments. Close to the hospital, walking trails at the old Austine School campus, Memorial Park, and the Exit I shopping plaza. Plenty of parking and a CAP rate over 10%. If you are ready to make some money, do not delay, call today! Delayed showings until 8/19/20.

Last Agent to Sell the Property

Dan Normandeau

Berkley & Veller Greenwood Country License #082.0096011 Listed on: 08/12/2020

Last Buyer's Agent

Dan Normandeau

Berkley & Veller Greenwood Country License #082.0096011 Listed on: 08/12/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,476

Year Built

  • Built in 1900

Lot Details

  • 0.37 Acre Lot
  • Lot Sloped Up

Home Design

  • Stone Foundation
  • Wood Frame Construction
  • Slate Roof
  • Rolled or Hot Mop Roof
  • Vinyl Siding

Interior Spaces

  • 3,500 Sq Ft Home
  • 3.5-Story Property

Unfinished Basement

  • Walk-Up Access
  • Connecting Stairway

Parking

  • 510 Car Parking Spaces
  • Gravel Driveway
  • Off-Street Parking

Schools

  • Brattleboro Elementary Schools
  • Brattleboro Area Middle School
  • Brattleboro High School

Utilities

  • Hot Water Heating System
  • Heating System Uses Gas
  • Heating System Uses Oil
  • Liquid Propane Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Community Details

Overview

  • 5 Units

Building Details

  • Operating Expense $20,000
  • Gross Income $53,416
  • Net Operating Income $33,416

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,476

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Multi-Family
  • Directions: From exit 1 off I-91 in Brattleboro, travel 0.5 north on US-5/Canal Street, left onto Maple Street for 0.3 mi, right onto Pleasant Street for 300 ft, left onto Vine Street for 400 ft, see sign on right.
  • Construction: Existing
  • Total Stories: 3.5
  • Price Per Sq Ft: 85.71
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 4000
  • Sq Ft - Apx Total Finished: 3500
  • Property Type: Multi-Family
  • Year Built: 1900
  • Remarks Public: Are you discouraged to find no good residential investment properties in Brattleboro? Time to sit up and pay attention! This 5-unit has great numbers, is in a very good neighborhood and has been well maintained by current owners for past 17 years! Average three-year free cash flow of $25,586 with projected free cash flow of $33,416 with 4% vacancy rate and typical expenses. This property has 1-3BR, 1-2BR and 3-1BR apartments. Close to the hospital, walking trails at the old Austine School campus, Memorial Park, and the Exit I shopping plaza. Plenty of parking and a CAP rate over 10%. If you are ready to make some money, do not delay, call today! Delayed showings until 8/19/20.
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 4

Interior Features

  • Basement: Yes
  • Basement Access Type: Walk-up
  • Basement Description: Stairs - Interior, Unfinished
  • Sq Ft - Apx Finished AG: 3500
  • Sq Ft - Apx Unfinished BG: 500

Exterior Features

  • Construction: Wood Frame
  • Driveway: Gravel
  • Exterior: Vinyl Siding
  • Foundation: Stone
  • Road Frontage: Yes
  • Roads: Paved, Public
  • Roof: Rolled, Slate

Garage/Parking

  • Parking: Off Street, Parking Spaces 5 - 10

Utilities

  • Electric: Circuit Breaker(s)
  • Sewer: Public Sewer On-Site
  • Water: Public Water - On-Site
  • Water Heater: Electric, Gas - LP/Bottle, Off Boiler, Tank
  • Heating Fuel: Gas - LP/Bottle, Oil
  • Heating: Hot Air, Hot Water
  • Utilities: Cable, Dsl, Gas - Lp/Bottle, Internet - Cable

Fee Information

  • Tax Class: Non-Homestead

Schools

  • School District: Brattleboro School District
  • Elementary School: Brattleboro Elem Schools
  • Middle School: Brattleboro Area Middle School
  • High School: Brattleboro High School
  • Elementary School: Brattleboro Elem Schools
  • High School: Brattleboro High School

Lot Info

  • Lot Sq Ft: 16117
  • Lot Acres: 0.37
  • Lot Description: Slight, Sloping
  • Surveyed: Yes
  • Zoning: Residential Neighborhood
  • Deed Book: 315
  • Deed Page: 205
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 53416
  • Net Income: 33416
  • Total Units: 5
  • Total1 Bedroom Units: 3
  • Total2 Bedroom Units: 1
  • Total3 Plus Bedroom Units: 1

Tax Info

  • Tax Gross Amount: 6476.28
  • Tax Year: 2019

MLS Schools

  • School District: Brattleboro School District
  • School Middle Jr: Brattleboro Area Middle School

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 Change Sq Ft Price
11/20/2020 11/20/20 Sold $300,000 -4.8% $86 / Sq Ft
10/01/2020 10/01/20 Pending -- -- --
08/12/2020 08/12/20 For Sale $315,000 -- $90 / Sq Ft
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Dan Normandeau

    Seller's Agent in 2020

    Dan Normandeau

    Berkley & Veller Greenwood Country

    (802) 380-2077

    46 in this area

    113 Total Sales

    Dan Normandeau
    Section Image
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Map

Source: PrimeMLS

MLS Number: 4822169

PrimeMLS
Vermont Windham County Brattleboro 05301

49 Vine St, Brattleboro, VT

This home is located at 49 Vine St, Brattleboro, VT 05301 since 12 August 2020. This property was built in 1900. 49 Vine St is a home located in Windham County with nearby schools including Brattleboro Area Middle School, Brattleboro Union High School, and VT Center for Deaf/Hard Hearing.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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