Listings for Ray Mikus

MLS Number 4950084

• Multifamily
• Units 3
• Square Feet 3,213
• Acreage 0.11

Here's something interesting! A Barre multifamily property for sale, with two good, rented units upstairs, and one renovation-ready unit on the first floor. The elephant in the room is the first floor. It's ready for a renovation, which is good, because that's what it needs. You're going to be putting in a new kitchen, bathroom, flooring, and painting. And then...you'll have a really nice, open layout, one bedroom first floor apartment, with a separate "cold storage" area. Should get nice rent on that! There may be a way to use convert the storage area into anothe bedroom, making this a two bedroom apartment.  This first floor unit heats with an oil-fired hot air system, and each in the triplex has its own heating system. One upstairs apartment has two bedrooms, an open layout, and a recently updated balcony, which is very cool. Long term tenants in that unit. The other upstairs apartment is currently set up as a one bedroom. A little creativity might let you change the locations of a couple of doorways, and make it into two bedrooms. Updated kitchen, and hardwood floors. Each unit has its own heating, so you could keep paying for heat, or shift it onto the tenants. This could be a great owner occupied building. Depending on your preference, you could move into the first floor unit after the renovation, basically giving yourself a brand new place. Or you can get three good rents under one roof. Parking for three cars. This building is a good one, it really just needs someone to carry it over the finish line. The location is convenient to downtown Barre, and you can pop up to 89 and avoid traffic if that's your preference. **Garage does not convey.** The financials are all available, just ask! If you're thinking of buying a multifamily property in Barre, Vermont, you definitely want to consider this. The leased units get good rent, and there's probably room to increase. The huge opportunity comes with the first floor. If you put $25,000 into it, you'd have a whole new unit, grossing $1100 or so. $25,000 gets you $1100 a month?  Here's something interesting! A Barre City triplex, with two good, rented units upstairs, and one renovation-ready unit on the first floor. The elephant in the room is the first floor. It's ready for a renovation, which is good, because that's what it needs. You're going to be putting in a new kitchen, bathroom, flooring, and painting. And then...you'll have a really nice, open layout, one bedroom first floor apartment, with a separate "cold storage" area. Should get nice rent on that! One upstairs apartment has two bedrooms, an open layout, and a recently updated balcony, which is very cool. Long term tenants in that unit. The other upstairs apartment is currently set up as a one bedroom. A little creativity might let you change the locations of a couple of doorways, and make it into two bedrooms. Updated kitchen, and hardwood floors. Each unit has its own heating, so you could keep paying for heat, or shift it onto the tenants. This could be a great owner occupied building, or you can get three good rents under one roof. Parking for three cars. This building is a good one, it really just needs someone to carry it over the finish line. The location is convenient to downtown Barre, and you can pop up to 89 and avoid traffic if that's your preference. **Garage does not convey.**

Listed by Green Light Real Estate