Multi-Family for Sale: 85-87 Main Street, Fair Haven, VT 05743

8 beds
9 full baths
9,600 sqft
$848,000
$848,000
85-87 Main Street, Fair Haven, VT 05743
8 beds
9 full baths
9,600 sqft
$848,000
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Price:
$848,000
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Type Multi-Family
Style Apartment Building, Multi-Family
Beds 8
Total Baths 9 full baths
Square Feet 9,600 sqft
Lot Size 0.07 acres
Year Built 1892
Taxes Paid $10,719
City Fair Haven
County Rutland
MLS 5025060
Status Active
DOM 2 days
Investors take note of this nicely maintained 4 story brick commercial building that has a first floor commercial rental that consists of approximately 1800 sq. feet and it has been used as a Cafe for years now its a retail business. The second through fourth floors have a total of 9 one bedroom apartments, having 3 on each floor and having access via stairs or elevator. The current rental income and expenses are producing an 10 plus cap rate. The building was modernized in the 1980's and has 2 Dedietrich oil fired boilers, 2 meters, insulated double hung windows in residential units, 2 sixty gallon hot water makers off boilers, membrane roof, all residing on a 50x61 commercial lot that is directly across from the well known park and offers great street exposure. Prime time to purchase in downtown Fair Haven as there has been a lot of interest in various business's wanting to establish in town. A downtown revitalization committee has been formed to draw more people to downtown. The towns central park holds numerous yearly functions producing large gatherings to the town. Now is the time to invest in downtown Fair Haven. HAP contract in place, so hardly any vacancies available in the residential units. Gross income $124,800 NOI is over $79,481

Lot & Building Features

Utilities Cable - Available, Phone
Construction Brick Exterior, Masonry
Cooling Multi Zone
Heating Baseboard, Oil
Sewer Public
Tax Year 2024
Taxes Paid $10,719
Water Public
Basement Description Concrete Floor, Full
Foundation Poured Concrete
Lot Description City Lot, Corner
Roof Membrane
Garage No

Unit Features

Unit 1 Baths 1
Unit 1 Bedrooms 1
Unit 1 Lease Term Annual
Unit 1 Level Number 2
Unit 1 Rental Agreement Yes
Unit 1 Rental Amount 1000.00
Unit 1 Rental Amt Freq Monthly
Unit 1 Status Leased
Unit 2 Baths 1
Unit 2 Bedrooms 1
Unit 2 Lease Term Annual
Unit 2 Level Number 2
Unit 2 Rental Agreement Yes
Unit 2 Rental Amount 1000.00
Unit 2 Rental Amt Freq Monthly
Unit 2 Status Leased
Unit 3 Baths 1
Unit 3 Bedrooms 1
Unit 3 Lease Term Annual
Unit 3 Level Number 2
Unit 3 Rental Agreement Yes
Unit 3 Rental Amount 1000.00
Unit 3 Rental Amt Freq Monthly
Unit 3 Status Leased
Unit 4 Baths 1
Unit 4 Bedrooms 1
Unit 4 Lease Term Annual
Unit 4 Level Number 3
Unit 4 Rental Agreement Yes
Unit 4 Rental Amount 1000.00
Unit 4 Rental Amt Freq Monthly
Unit 4 Status Leased
Unit 5 Baths 1
Unit 5 Bedrooms 1
Unit 5 Lease Term Annual
Unit 5 Level Number 3
Unit 5 Rental Agreement Yes
Unit 5 Rental Amount 1000.00
Unit 5 Rental Amt Freq Monthly
Unit 5 Status Leased
Unit 6 Baths 1
Unit 6 Bedrooms 1
Unit 6 Lease Term Annual
Unit 6 Level Number 4
Unit 6 Rental Agreement Yes
Unit 6 Rental Amount 1000.00
Unit 6 Rental Amt Freq Monthly
Unit 6 Status Leased
Unit 7 Baths 1
Unit 7 Bedrooms 1
Unit 7 Lease Term Annual
Unit 7 Level Number 4
Unit 7 Rental Agreement Yes
Unit 7 Rental Amount 1000.00
Unit 7 Rental Amt Freq Monthly
Unit 7 Status Leased
Unit 8 Baths 1
Unit 8 Bedrooms 1
Unit 8 Lease Term Annual
Unit 8 Level Number 4
Unit 8 Rental Agreement Yes
Unit 8 Rental Amount 1000.00
Unit 8 Rental Amt Freq Monthly
Unit 8 Status Leased

Price History of 85-87 Main Street, Fair Haven, VT

Date Name Price Difference
12/21/2024 Listing Price $848,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

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Map of 85-87 Main Street, Fair Haven, VT

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Photo of Jen Harpe
Direct: 603-341-2134
Office
PO Box 101
Merrimack, NH 03054
603-787-3155
Listed by Watson Realty & Associates, Mike Kalil
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1.2640330188679%
6.75%
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85-87 Main Street (MLS #5025060) is a multi-family listing located in Fair Haven, VT. This multi-family listing is 9,600 sqft and on a lot of 3,049 sqft (or 0.07 acres) with 8 bedrooms, 9 baths and is 132 years old. This property was listed on 12/21/2024 and has been priced for sale at $848,000.

Nearby zip codes are 05732, 05735, 05764 and 06764. This property neighbors other cities such as Castleton, Poultney and West Haven.

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Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

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Listing information courtesy of: Watson Realty & Associates

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 12/23/2024