282, 288, 294 Barre ST Montpelier, VT 05602

Rare opportunity to invest in a Montpelier oasis! Tucked away behind mature trees, this three-building complex totals 15 units. These well-maintained apartments are easy to rent and have comfortable cash flow with below-market rents and practically zero vacancy rate. For 20 years, all tenants have qualified as non-smokers with no pets and good credit. The prior owner had excellent upkeep & maintenance practices managed by two talented personnel who took care of the property for years. The current owner has continued this level of property upkeep with the same reliable employees. Across the street, the brand-new Bar Hill facility offers an elegant & active bar scene with weekend food trucks. Hunger Mountain Coop is just 2 minutes away. The property is adjacent to Sabin's Pasture, used by many for hiking and cross-country skiing. A great location: near lakes & rivers for canoeing & kayaking; 30 minutes from Stowe and Sugarbush; close to Vermont College of Fine Art; 30 minutes or less to Norwich, Goddard, Vermont Tech and CCV. In 2020, the city invested in a new bike path right outside of your tenants' front door, which runs south into the heart of Montpelier and north to connect with other trail systems. The properties are listed in the Urban Center 3 Zone which supports high density development. This “campus” of three buildings has a great cash flow, makes this investment convenient to manage, and has great potential for current and future opportunities! Showings begin 6/25/21