50-52 Gorham Bridge RoadProctor, VT 05765MLS Number 5013870

  • Price: $325,000
  • Est. Mortgage of $/month
  • 31 Days on Market
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Federal 30-year interest rate: 6.32% last updated on Oct 10, 2024
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Pending
50-52 Gorham Bridge Road Proctor VT 0576550-52 Gorham Bridge Road Proctor VT 0576550-52 Gorham Bridge Road Proctor VT 0576550-52 Gorham Bridge Road Proctor VT 0576550-52 Gorham Bridge Road Proctor VT 0576550-52 Gorham Bridge Road Proctor VT 0576550-52 Gorham Bridge Road Proctor VT 0576550-52 Gorham Bridge Road Proctor VT 0576550-52 Gorham Bridge Road Proctor VT 0576550-52 Gorham Bridge Road Proctor VT 0576550-52 Gorham Bridge Road Proctor VT 0576550-52 Gorham Bridge Road Proctor VT 0576550-52 Gorham Bridge Road Proctor VT 0576550-52 Gorham Bridge Road Proctor VT 0576550-52 Gorham Bridge Road Proctor VT 0576550-52 Gorham Bridge Road Proctor VT 0576550-52 Gorham Bridge Road Proctor VT 0576550-52 Gorham Bridge Road Proctor VT 0576550-52 Gorham Bridge Road Proctor VT 0576550-52 Gorham Bridge Road Proctor VT 0576550-52 Gorham Bridge Road Proctor VT 0576550-52 Gorham Bridge Road Proctor VT 0576550-52 Gorham Bridge Road Proctor VT 0576550-52 Gorham Bridge Road Proctor VT 0576550-52 Gorham Bridge Road Proctor VT 0576550-52 Gorham Bridge Road Proctor VT 05765
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  • 0.68Acreage
  • 1920Year Built
  • 3,294Square Feet
  • 2023Tax Year

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Listed by Michael Gilman of 3GEN Real Estate Inc
Rarely available, high cash flow 4plex, in the charming artisan town of Proctor, listed at close to a 10% cap, with significant upside from below market rents. This combination of value-add and high cash flow in a stunning highly sought after location is rare to find. The building has been professionally managed and renovated. The investment is projected to yield over a 11% year 1 cash on cash return based on current numbers, and cash returns can go to 21%+ per year if rents are brought to market. This allows the new owner to realize significant returns from cash flow vs speculation. This property is located within proximity to such iconic sites such as the Vermont Marble Museum, Wilson Castle, Beaver Pond, Proctor Free Library, outdoor ice-skating and roller rink, Carriage Trails, as well as the Proctor Pool. One unit has been left vacant for showings or immediate owner occupancy. Property is available as a package with another Proctor 4plex - 66-68 South St MLS#5013869. Listing Broker is a member of the LLC selling the property.

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Tax Information

  • Tax Year2023

Building

  • Year Built1920
  • Units4
  • Unit 1 Bath1
  • Unit 1 Bedrooms1
  • Unit 2 Bath1
  • Unit 2 Bedrooms1
  • Unit 3 Bath1
  • Unit 3 Bedrooms2
  • Unit 4 Bath1
  • # of 1 Bedrooms3
  • # of 2 Bedrooms1
  • BasementUnfinished
  • FoundationStone

Basic Information

  • StatusPEN
  • List Price$325,000
  • Date Price Change09/11/2024
  • MLS Number5013870
  • MLS StatusPending

Property

  • Acreage0.68
  • Parking Spaces
  • Square Feet3,294
  • APX Fin AG Sqft3,294
  • RoadsPaved

Amenities

  • PricePerSqFt98.66

Other

  • Taxes$3,669.74
  • Seasonal Y/NUnknown
  • Date Listed09/11/2024
  • View Count8

Location

  • TownProctor
  • StateVT
  • Zip05765
  • CountyRutland
  • Zoningres
  • Flood Zone Y/NNo

Exterior

  • RoofShingle - Asphalt

Utilities

  • Heat FuelOil
  • Heat SystemBaseboard
  • ElectricCircuit Breaker(s)
  • SewerPublic
  • UtilitiesCable
Ault Commercial Realty

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Ault Commercial Realty
Office: 802.773.0600
PO Box 6306
Rutland, VT 05702
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Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated October 12, 2024 6:23 AM EDT

 

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