Rare opportunity to own one of the larger buildings in the charming artisan town of Brandon VT. The property consists of a turnkey 8plex (8x1br) and Duplex (2x2br) on one tax lot. This high cashflow renovated 10-unit property can reasonably yield a 12.5% cash on cash average return during the hold period. It is being sold at an 8.25% cap, with the quick opportunity to raise rents to market, yielding a 12% cap on an achievable year 1 basis.

Situated on secluded lot away from the main road, with ample parking and outdoor space for residents to enjoy, the property rents quick when there is a rare vacancy. There is also significant upside on rents based on existing and legacy leases per rent roll. Current owner has held the property for 10 years and has not pushed rents. There is a housing shortage in the region. Additional value can be added by subdividing the lots and selling the properties individually at exit.

Units and buildings have been meticulously cared for and renovated and held under the same ownership for a decade. A new owner can step in to enjoy the high cash flow and low maintenance expenses The duplex in the back of the property has been fully gut renovated, and the larger 8plex has had updates and renovations across most units. This low maintenance and energy efficient property features its own well and septic, as well as individualized propane heaters per unit - keeping annual costs lower than the average multifamily.

The property is available as a package with other buildings across VT for a buyer looking for a larger portfolio.