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Listed by Rondene Wanner of Franzoni Real Estate Company

Listing Sold by Franzoni Real Estate Company
New Owner Welcome ! This 5-unit property was purchased in July 1982 and has been kept-up by the current owner who is carefully preparing to step away. This property is priced to sell and is being sold As-Is. Rents are currently very low resulting in a negative NOI today, all clearly detailed in the Seller's financial ledger page. There is good opportunity here to turn things around. Two units are vacant and can be easily shown, the remaining 3 units will need a thorough cleaning and renovations, requiring a 48-hour notice to tenants to show. The front building, north side roof, is near needing to be re-shingled; as you begin to lay out your top priorities here. LOCATION is less than half mile to the Marble Valley Transit District to head up to Killington, Middlebury, etc., or to simply get around town. Close to Amtrak local grocers retail restaurants parks library theater arts... ...it is simply a great location, when you stop to think about just how very much is so close by.

Property Details of 11 & 11 1/2 Lincoln Avenue

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Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated June 18, 2024 10:41 AM EDT

 

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