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16 Franklin Street, Brandon, VT 05733

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For Sale

$699,000

9 beds • 4 baths • 4,320 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $161.81
    Price per square foot

  • Over 50 Years Old
    Age

  • Basement
    Rooms

Explore this Property

Welcome to Franklin St in the heart of Brandon! This is a very large property that offers a great opportunity to occupy or add to your portfolio. If occupying with 10% down it is estimated that your cost would be just over $2k/month at current rates to live in the large four bedroom two bathroom unit off the back of the building. that includes taxes, insurance water, sewer, plowing, and rubbish removal. When/if interest rates fall to 5% you could live in this gorgeous 1900 square-foot plus unit for less than 1500/month. The other two units rented at $1,650 can help to offset your monthly payments. For the investor, you could see an annual return around 11% at current rates and about 23% when interest rates go to 5%. This property offers 3 nicely appointed units. The 2nd floor of this unit has the remaining bedrooms and second bathroom. All rooms are well sized and offer plenty of space. You can also enjoy the deck off the back to enjoy relaxing and making meals outside. The second unit located on the first floor is a three bedroom and one bathroom that is currently rented. The third upstairs unit has been recently updated with new kitchen cabinets and countertops offers two large bedrooms and one bathroom. The tenants pay all utilities helping to keep operating costs low. The property also has a large outbuilding for storage. The tenants have storage access to part of the building and an owner can utilize the rest for a shop or storage. Connect with your local agent today!
MLS# 5003027

Courtesy Of Flex Realty

(802) 399-2860

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Dock
  • Architecture Style
    Other
  • Heating System
    Baseboard
  • Lot Size
    0.41 Acres
  • Roof Type
    Asphalt, Slate
  • Rooms
    Basement

Map and Directions

Directions to 16 Franklin Street, Brandon, VT 05733

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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