Vermont multi-unit

[Damion York]

$2399999 + 2% 

­ 25 Bedroom Investment Opportunity  

8br ­ 8500ft 

This is a large money maker with income of approximately $240,000.00 per year gross. 

Walking distance to University of Vermont and downtown Burlington, Vermont. Right in the heart of the desired rental district. 

Burlington Vermont's vacancy rate consistently stays around .07%­ - 1.5%.  Excellent, consistent income. Never a vacancy in 12+ all years of ownership. 100% Occupied. 

25 bedrooms/8 Units. New leases in place for the 2015 -­2016 rental year expires. May of 2016 (8 of 8 the units). Rental increases for 2015-­2016 is presently $9300.00 yr. No pets, no smoking. 100% of renters have parental guarantees. All leases are joint and several, one check per month, per unit. Some parking onsite, coin operated laundry room. Turn key. Approximately 8% cap rate. We have a local property manager who is ready to step ( gave us a quote) in if you can not manage locally.

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