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Listed by Jenifer Hoffman of Hoffman Real Estate (Jenifer@HoffmanVTRealEstate.com)
In-town duplex with (2) two bedrooms apartments. Rents include trash & heat (one boiler) and are going up to $1,200/month starting April 1st... increasing gross income by $510/month! Walkable location, close to downtown shops/bars/restaurants, schools, neighborhood grocery stores, and pharmacies. Both units are occupied, tenants have month-to-month agreements and would like to stay. Each apartment has nice laminate wood floors throughout, with a living room, kitchen, two bedrooms, and one bathroom. Downstairs unit has tub/shower, upstairs only has a shower. Laundry hook-ups inside each unit (tenants own the washers/dryers). In the basement there's a NEW boiler and 2 NEW electric hot water tanks (both Dec 2020), NEW sewer line (Jan 2022), town water, and separate circuit breaker panels. Tenants pay their own electric, hot water, and cable/internet. If you want units to pay their own eat, explore options for installing a second boiler or heat pump mini splits. On the exterior is a slate roof, aluminum siding, a mix of wood and vinyl replacement windows, and a covered front porch. Off street parking for 2 cars. With low taxes and many recent improvements, this turn-key property will create cash flow year after year. This property could qualify for FHA or VA financing.

Property Details of 222-224 Gage Street

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