Proctor VT Real Estate

MLS Number 5013870

• Multifamily
• Units 4
• Acreage 0.68
• Square Feet 3,294
• Utilities Cable

Rarely available, high cash flow 4plex, in the charming artisan town of Proctor, listed at close to a 10% cap, with significant upside from below market rents. This combination of value-add and high cash flow in a stunning highly sought after location is rare to find. The building has been professionally managed and renovated. The investment is projected to yield over a 11% year 1 cash on cash return based on current numbers, and cash returns can go to 21%+ per year if rents are brought to market. This allows the new owner to realize significant returns from cash flow vs speculation. This property is located within proximity to such iconic sites such as the Vermont Marble Museum, Wilson Castle, Beaver Pond, Proctor Free Library, outdoor ice-skating and roller rink, Carriage Trails, as well as the Proctor Pool. One unit has been left vacant for showings or immediate owner occupancy. Property is available as a package with another Proctor 4plex - 66-68 South St MLS#5013869. Listing Broker is a member of the LLC selling the property.

Listed by Michael Gilman of 3GEN Real Estate Inc

MLS Number 5013869

• Multifamily
• Units 4
• Acreage 0.39
• Square Feet 4,220
• Utilities Cable

Rarely available, high cash flow 4plex, in the charming artisan town of Proctor, listed at an “as is” 10%+ cap. This stately immense property, at over 6,000 square feet, was formerly a home owned by an executive of the famed Proctor Marble Corporation. It was converted into 4 unique apartments, which have enjoyed near perpetual 100% occupancy due to their desirability. You will be hard pressed to find larger apartments then this 4plex in the region. With an average square footage over 1,000 and multiple floors for two of them. Property would be ideal for owner occupancy or to rent for significant income The building has been professionally managed and renovated. With a Net Operating Income of over $41,000, this investment is projected to yield over a 13%-year 1 cash on cash return based on current numbers, and cash returns can go to 20%+ per year if rents are brought to market. This allows the new owner to realize significant returns from cash flow vs speculation. This property is located within proximity to such iconic sites such as the Vermont Marble Museum, Wilson Castle, Beaver Pond, Proctor Free Library, outdoor ice-skating and roller rink, Carriage Trails, as well as the Proctor Pool. This Property is available as a package with another Proctor 4plex - 50-52 Gorham Bridge Rd MLS#5013870. Listing Broker is a member of the LLC selling the property

Listed by Michael Gilman of 3GEN Real Estate Inc

MLS Number 5011849

• Residential Single Family
• Full Bath 1
• Construction Existing
• Bedrooms 3
• Bathroom 1

So many discussions with Vermont realtors begin, “I just want a little house on about 5 acres... with some fruit trees and maybe a greenhouse. And a wood stove. I really want a wood stove.” Well here it is! A cute 1870s Victorian on 5 acres with your very own orchard, greenhouse, gazebo, and chicken coop! One wood stove, a kitchen wood cookstove and an antique Glenwood propane cookstove round out the dream. Enter through the timber framed mudroom to the rustic charm of a cozy farmhouse. Through the kitchen to the dining area with some built in bench seating.Two smaller bedrooms, or maybe an office open off the living room. Follow the curved peeled sapling handrail upstairs to the large dormered primary bedroom. An almost finished and never used cabin accompanies the house, perfect for a shop, studio, or guest house (no running water). The grapes and berries extend out across a sloping east facing meadow gathering the morning light across the Otter Creek Valley. This quintessential homestead sits across the meadow from the Historic Wilson Castle yet just a few miles from shopping, entertainment and dining in Rutland. Under a half hour to skiing at Pico and Killington or swimming and boating on beautiful Lake Bomoseen. The dream is here. Grab it with both hands!

Listed by Robin Chesnut-Tangerman and Scott Mcchesney of McChesney RE,Inc.

MLS Number 5003773

• Multifamily
• Units 2
• Bathroom 2
• Acreage 0.56
• Square Feet 1,872

Welcome to this charming side by side duplex located in the heart of Proctor, VT. This well-maintained property offers the opportunity for both homeownership and investment. Each apartment features three bedrooms, 1 bathroom, a comfortable living room, and a cozy eat-in kitchen. Enjoy the quintessential Vermont experience with screened-in front porches on both sides. The home is nestled on a generous .56 acre lot, adorned with vinyl siding for easy maintenance and a timeless appeal. Proctor offers a town pool, garbage pick up and a town skating rink. The duplex offers proximity to local amenities, Killington and Pico as well as the lakes region. Don't miss out on the opportunity to own a piece of Proctor's inviting atmosphere and potential for dual residency or rental income. Schedule your showing today and envision the possibilities that await in this delightful duplex property.

Listed by Leona Minard of Four Seasons Sotheby's Int'l Realty

MLS Number 4979503

• Multifamily
• Units 2
• Acreage 5.66
• Square Feet 3,978
• PricePerSqFt 125.44

Franklin's has been a staple of this community for years! Boasting food, friends, and fun, this family owned restaurant is open 7 days a week and the tables are filled each and every day. Year round, this well known restaurant sees regular customers from all over the state and beyond. In addition, the VAST trails lead right to Franklin's so snowmobilers come from far and wide and fill the restaurant and bar throughout the winter. Franklin's sits on a 5.66 acre lot and offers lots of parking. The dining room features a 72 seat occupancy with 15 seats at the bar. The pool table is a great feature for patrons to enjoy while sipping on drinks and eating great food with friends and family. The kitchen has had many upgrades and improvements in the last several years. In addition to the restaurant, there are two residential apartments on the 2nd floor. There is one two bedroom apartment and a one bedroom apartment. The one bedroom apartment has brand new laminate wood flooring throughout the apartment and the two bedroom will also have laminate wood flooring installed asap. Both apartments are currently occupied and provide another form of income for the owners. The sale includes all inventory and equipment and furniture. It is quite literally a turn key business! This is a great property with multiple income opportunities. This property is also listed as a commercial listing under MLS # 4979428

Listed by Claire Thompson of Four Seasons Sotheby's Int'l Realty