a simple buy with good returns in Stowe, low-risk investment
Has:
- Off-street PARKING in the rear of property
- Very new furnace (replaced in 2022)
- 4-year–old roof (inc. over the front porch)
- Updated electric & plumbing
- Tenants paying $825/mo. at the moment
- Double-paned windows; a little older yet seal tightly (ie, shouldn’t need replacing)
- Proximities, public trans
- A 12½ cap rate actively, can be up to 16%
Needs:
- Siding on just one side of the ext. as it is still showing the Insulbrick, other 3 sides are freshly done, though!
- Cosmetic updates before next tenancy for higher rents
- should be able to est. the scope of work per your standards pretty well from the photos
- bullets at bottom of this page define newer mechanicals & prop’s build; pretty straightforward little gig here but feel free to reach out to me for any further specs!
- Taxes: $1,781
- Electric: Updated
- Plumbing: Updated
- Kitchen: Needs updating
- Bath: Needs updating
- Roof: 4 yrs old (main+porch)
- Furnace: New (2022)
- Hot Water Tank: 8 yrs old
- Windows: Double-paned; older
- Floors: 2
- Parking: Off-street
- Rental Income: $825/mo