Are you looking for a lucrative investment opportunity in Vermont? Look no further than this charming single-family home located on Main Street in the picturesque town of Castleton. Situated on a level 0.40-acre lot, this property offers not only a desirable location but also a secure source of income with a lease in place until May 31st, 2024.
Currently used as a college rental, this property presents an excellent opportunity for investors seeking a reliable and profitable investment. The convenient location of this home makes it an attractive choice for tenants, as it is within walking distance to the popular Bird’s Eye Diner, Castleton Village store, Castleton University campus, and even the Amtrak train station.
The house itself features three bedrooms and two bathrooms, providing ample space for residents. Additionally, the property benefits from town water and sewer connections, ensuring convenience and efficiency for tenants. The detached garage, complete with a workshop/studio, offers additional storage space or the potential for a creative workspace. A separate garden shed provides even more room for storage or gardening needs.
Recent updates to the property further enhance its appeal. A new roof was installed in December 2021, providing peace of mind for years to come. Additionally, a new hot water heater was installed in 2020, ensuring reliable and efficient hot water supply. These updates not only enhance the property’s value but also reduce the likelihood of any unexpected maintenance expenses.
The property’s outstanding rental history speaks volumes about its investment potential. With a new lease in place, offering a monthly rental income of $1,750, which includes utilities, investors can rest assured that their investment will yield steady returns. The stable rental income and prime location make this property an excellent addition to any investment portfolio.
It’s important to note that showings require 48-hours’ notice to coordinate with the current renters. This respectful approach ensures that the privacy and comfort of the existing tenants are maintained while prospective buyers have the opportunity to view the property.
Castleton, Vermont, with its scenic beauty and vibrant community, is an ideal location for real estate investment. Whether you’re an experienced investor or a first-time buyer, this property offers an incredible opportunity to own a valuable asset in one of Vermont’s most sought-after areas.
Don’t miss out on this Vermont investment property for sale. With its prime location, reliable rental income, recent updates, and excellent rental history, this property is sure to attract savvy investors seeking a secure and profitable investment. Take advantage of this opportunity and secure your future in the thriving real estate market of Castleton, Vermont.
1077 Main Street, Castleton, VT 05735