Prime investment property for sale

25 Henry Street

Bellows Falls , Vermont 10530

$299,000

Some owner financing is available

                                                                                                                                                                Apartment          Bedrooms                Monthly rent                  Utilities included
        1                           3                      850                               Heat & hot water 
        2                           1                      550                               Heat & hot water
        3                           1                      550                               Heat & hot water & electric
        4                           2                      750                               Heat & hot water & electric
        5                           3                      850                               Heat & hot water
5 garage rentals @ $60                         300
Total monthly revenue                         $3850

Total annual revenue   46,200

Expenses:
  4,096   Taxes, 05-06
  3,400   Oil
  1,281   Electric
     842   Water & Sewer
  4,620   Repairs & maintenance
  1,844   Insurance
16,083   Total annual expenses

Net revenue      $30,117

Estimated annual financing costs   $19,812                                                                                         (75%, $225,000, at 8% for 25 years) 

Net annual profit        $10,305

Located on a large in-town neighborhood lot on the corner of Henry Street and Chase Park, which is a quiet dead end street just a few blocks walk from downtown and stores.

The building is a striking French Second Empire building circa 1870s.

It has been renovated to preserve the architectural attributes while significantly improving the energy efficiency and reducing ongoing maintenance and overhead costs.  The building has recently been inspected and it is in complete compliance with Vermont state lead laws.

Complete Management Services Available

This building has been substantially renovated over the last few years, including:

• Energy use reviewed in partnership with Efficiency Vermont resulting in several new high efficiency appliances and lighting.
• New Energy Star rated boiler installed 2003 with programmable, 70 degree max thermostats
• New Energy Star rated windows installed 2005
• New asphalt roof in 2004 and 2005
• Slate roof restored spring of 2006
• Outside trim and siding restored and painted spring 2006. This building was entered in the Town of Rockingham's Paint Your Lady program and was selected for the town-sponsored architectural historian consultation with the noted historian Leonard Spencer.

  For more information Contact:

  Rachel Rice      802-365-9420   racric@verizon.net
  Jason Cooper   802-254-6200   jasonc@sover.net
  138 Elliot Street, Suite 3
  Brattleboro , Vermont 05301