325 North River Street, Swanton, Vermont
325 North River Street, Swanton, Vermont 05488 - 9 Unit apartment building with a 2 car garage on 10 acres. This property was once a motel and was converted to weekly rentals by the current owner. With no vacancies it has the potential to gross over $86,000 in it's current configuration. It currently has nine 1 br efficiency apartments and a 2 car garage. The rents are $200 a week and include all utilities. This property has the potential to make great money for an active investor who keeps these units full. This property has a well and septic so your not paying thousands a year in water sewer bills to a municipality. 4 of the units were completely rebuilt / remodeled in the early 2000's. The 2 car garage offers an opportunity for additional income or a workshop for you to use. It's rural location is a plus for those tenants looking to get out of the city. These large properties don't come on the market often so don't miss this opportunity.
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Listing Courtesy of Shawn Cheney ~ KW Vermont/St. Albans