21 Hyde Street
Property Description
A fantastic investment opportunity awaits within the walls of this well maintained and beautifully located four unit property. 16 Total bedrooms currently estimated at just under $900 per bedroom and coin operated washers and dryers bringing in a gross income of $173,500 annually. Due to it's nice condition, the property is easily maintained with minimal regular maintenance required netting an annual return of roughly $122,000 or a 7% CAP rate. Over the last few years with larger UVM enrollment rents have been as high as $1,100 per bedroom, roughly a 9% CAP. Several of the units have been updated and the property features porches and decks, hardwood floors, desirable floorplans, newer mechanicals, and more! Recent improvements such as: siding, windows, appliances, interior remodeling, and, roof work. This is an ideal rental for all with an incredible commute. Roughly half a mile to Burlington's Church Street and the same distance to UVM's main Campus, and not much further from UVM Medical. Built on 0.39 acres the lot has ample parking space and for your future vision.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $1,750,000 |
| No. of Units: | 4 |
| Year Built: | 1899 |
| Lot Size: | 4,289.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $437,500 |
| Property Website | Click Here |
| Number of Bedrooms: | 16 |
| Number of Bathrooms: | 4 |
ID: 3yd-NNERENNH-5095783
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Final Deal Analysis
Similar Properties in the Area
Brokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout