79 Meadow Lane
79 Meadow Lane
Castleton, VT 05735
$1,575,000
Price
2
Beds
12
Baths
9,984 Sq. Ft.
$158 / Sq. Ft.
9,984
Sq. Ft.
$158
per Sq. Ft.
Description
Prime Multi-Family Investment Opportunity in the Heart of Castleton! Investors, seize the opportunity to own this impressive multi-family property. These well maintained buildings offer a total of 12 units, providing a steady stream of rental income and excellent potential for growth. Each spacious unit features 2 bedrooms and 1 bath, offering tenants a comfortable and spacious living space. The units are equipped with many updates ensuring high tenant satisfaction and retention. The property boasts...Prime Multi-Family Investment Opportunity in the Heart of Castleton! Investors, seize the opportunity to own this impressive multi-family property. These well maintained buildings offer a total of 12 units, providing a steady stream of rental income and excellent potential for growth. Each spacious unit features 2 bedrooms and 1 bath, offering tenants a comfortable and spacious living space. The units are equipped with many updates ensuring high tenant satisfaction and retention. The property boasts a strong rental history and is currently fully occupied, generating a reliable income stream for savvy investors. With separate meters for electricity, low maintenance costs and a solid rental market demand in the area, this property presents a lucrative investment opportunity with great cash flow potential with a CAP rate of greater than 8%. Don't miss out on this rare chance to add a profitable property to your investment portfolio. Take advantage of the growing rental market and secure your financial future with this exceptional investment opportunity.
- Listed by Nancy Liberatore • Realty One Group Lakes & Homes
Property Details for 79 Meadow Lane
Zoning
residential
Location
Listing Courtesy of Realty One Group Lakes & Homes
Add your commute
LISTING UPDATED: 04/26/2024 01:46 PM
Property Details for 79 Meadow Lane
| Status | Active |
|---|---|
| MLS # | 4989481 |
| Days on Market | 33 |
| Taxes | $18,559 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi Family |
| Year Built | 1971 |
| Lot Size | 1.60 AC / 69,696 SF |
| County | Rutland County |
Location
Listing Courtesy of Realty One Group Lakes & Homes
Add your commute
Building Information for 79 Meadow Lane
Stories2Residences12Year Built1971Building Size-Lot Size1.60 AC / 69,696 SF
Payment Calculator
$10,142 per month
30 year fixed, 7.25% Interest
Principal and Interest
$8,595
Property Taxes
$1,547
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 79 Meadow Lane
Summary
Location and General Information
- Area Description: In Town, Near Paths, Near Skiing, Near Snowmobile Trails, Village
- City: Castleton
- County: VT-Rutland
- Directions: From Route 4A in Castleton Village turn onto South Street. Go through Castleton University campus and continue to property on right. Use GPS.
- Latitude: 43.598485224063303
- Longitude: -73.180422575393678
- Road Frontage: Yes
- Seasonal: No
- State: VT
- Street Designation: Lane
- Zip Code: 05735
Taxes and HOA Information
- SPAN Number: 129-040-10287
- Tax - Gross Amount: $18,559.16
- Tax Year: 2024
- Taxes TBD: No
School Information
- School - High: Fair Haven UHSD #16
- School - District: CastletonHubbardton USD 4
- School - Elementary: Castleton Elementary School
- School - Middle/Jr: Fair Haven Grade School
Parking
- Garage: No
- Driveway: Common/Shared
Virtual Tour
- Property Panorama Virtual Tour: https://tour.neren.com/355379-Meadow-Lane-Castleton-VT-05735/unbranded
Property
Lot Information
- Lot - Sqft: 69696.0
- Lot Features: Country Setting, Level, Trail/Near Trail, Walking Trails
- Lot Size Acres: 1.6
- Road Frontage Length: 689.0
- Square Feet Apx Finished Above Grade: 9984.0
- Square Feet Apx Finished AG Source: Assessor
- Square Feet Apx Finished Below Grade: 0.0
- Square Feet Apx Finished BG Source: Assessor
- Square Feet Apx Total: 11648.0
- Square Feet Apx Total Finished: 9984.0
- Square Feet Apx Unfinished Above Grade: 0.0
- Square Feet Apx Unfinished AG Source: Assessor
- Square Feet Apx Unfinished Below Grade: 1664.0
- Square Feet Apx Unfinished BG Source: Assessor
Property and Assessments
- Property Class: Multi-Family
- Construction Status: Existing
- Flood Zone: Unknown
- Foundation: Concrete
- PreConstruction: No
- Surveyed: Unknown
- Year Built: 1971
Utilities
- Electric Company: Green Mountain Power
- Cable Company: Xfinity
- Fuel Company: Keyser
- Electric: Circuit Breaker(s)
- Sewer: Public
- Water Source: Public
- Utilities: Cable - Available, DSL - Available, Telephone Available
- Internet: High Speed Intrnt -Avail, Internet - Cable
Interior and Exterior Features
Exterior Features
- Color: Brick
- Association Amenities: Coin Laundry, Common Acreage, Trash Removal
- Construction Materials: Wood Frame, Brick Exterior
- Features - Exterior: Patio
- Roads: Public
- Roof: Shingle - Asphalt
- Total Ranges: 12
Interior Features
- Appliances: Water Heater
- Basement: Yes
- Basement Access Type: Walkout
- Basement Description: Concrete, Concrete Floor, Stairs - Exterior, Sump Pump, Walkout
- Total Full Baths: 12
- Flooring: Carpet
- Heat Fuel: Oil
- Heating: Hot Water
- Cooling: None
- Total Refrigerators: 12
- Total Stories: 2
- Total Water Heaters: 12
- Trash: Dumpster
Multi Family
Multi-Family Information
- Total Units: 12
- Total 1 BR Units: 0
- Total 2 BR Units: 12
- Total 3+ BR Units: 0
Unit Information
Unit 1
- Unit 1 Baths: 1
- Unit 1 Bedrooms: 2
- Unit 1 Rental Amt Freq: Monthly
- Unit 1 Rooms: 5
- Unit 1 Rental Amount: $1,400.00
- Unit 1 Tenant Pays: Electric
Rental
Rent Information
- Total Leases: 12
Property History for 79 Meadow Lane
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 79 Meadow Lane
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Castleton Elementary School PublicPK to 5 | ||
Castleton Village School Public6 to 8 | ||
Fair Haven Uhsd #16 Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Realty One Group Lakes & Homes
Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site 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 04/29/2024 08:06 AM
