If you’re looking for an investment opportunity in the beautiful state of Vermont, you won’t want to miss this single-family home for sale in Castleton. Located right on Main Street, this property is currently being used as a college rental, with a lease in place until May 31st, 2024. This means that you can start earning rental income right away without worrying about finding new tenants.
The property sits on a level 0.40 acre lot, which is within walking distance to the Bird’s Eye Diner, Castleton Village store, Castleton University campus, and the Amtrak train station. This prime location makes it an attractive prospect for both renters and potential buyers.
The house itself is a spacious 3 bedroom, 2 bathroom property with plenty of room for a family or group of college students. It has town water and sewer, which adds to the convenience of the property. There is also a detached garage with a workshop/studio and a separate garden shed, providing additional storage space.
The property has had some recent upgrades, including a new roof installed in December 2021 and a new hot water heater in 2020. These updates ensure that the property is in good condition and will require minimal maintenance going forward.
The property has an excellent rental history, with a new lease in place for $1750 per month, which includes utilities. This makes it an attractive investment opportunity for anyone looking for a steady stream of rental income.
It’s important to note that 48-hours’ notice is required to coordinate showings with the current renters. However, this should not deter anyone from viewing the property and considering it for investment.
In conclusion, this Vermont investment property for sale is an excellent opportunity to earn rental income in a prime location. With a lease in place and recent upgrades to the property, it’s a turnkey investment that is sure to provide a steady stream of income for years to come.
1077 Main Street, Castleton, VT 05735