50-52 Gorham Bridge Road | Under Contract
4 Unit Multifamily Property
50-52 Gorham Bridge Road Proctor, VT 05765
Rarely available, high cash flow 4plex, available in the charming artisan town of Proctor, listed at close to a 10% cap, with significant upside from under marked rents. This combination of value-add and high cash flow is in a stunning 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 and sites 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.