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85-87 Main St

10 Unit Block of Flats £674,516 (£67,452/Unit) 9.48% Net Initial Yield Fair Haven, VT 05743

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Executive Summary

Great investment opportunity , 9 one bedroom units and a commercial space , 100 % occupancy , long rental history
Gross yearly income is $124,800 and the net Income is $80,350 with potential for more rent increases , building is a 4 story brick building in a great shape with all mechanicals in a great shape no differed maintenances
located in downtown Fair Haven minutes to lakes and ski areas .

Financial Summary (Actual - 2024)	Annual	Annual Per SF
Gross Rental Income	£99,268	£10.34
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	£99,268	£10.34
Taxes	£8,526	£0.89
Operating Expenses	£27,522	£2.87
Total Expenses	£36,048	£3.75
Net Operating Income	£63,221	£6.59

Financial Summary (Actual - 2024)

Gross Rental Income
Annual	£99,268
Annual Per SF	£10.34

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	£99,268
Annual Per SF	£10.34

Taxes
Annual	£8,526
Annual Per SF	£0.89

Operating Expenses
Annual	£27,522
Annual Per SF	£2.87

Total Expenses
Annual	£36,048
Annual Per SF	£3.75

Net Operating Income
Annual	£63,221
Annual Per SF	£6.59

Property Facts

Price	£674,516	Apartment Style	Mid Rise
Price Per Unit	£67,452	Building Class	C
Sale Type	Investment	Lot Size	0.07 AC
Net Initial Yield	9.48%	Building Size	9,600 SF
No. Units	10	Number of Floors	4
Property Type	Residential	Year Built	1892
Property Subtype	Apartment General Retail Storefront Retail/Residential Multifamily Dormitory

Price	£674,516
Price Per Unit	£67,452
Sale Type	Investment
Net Initial Yield	9.48%
No. Units	10
Property Type	Residential
Property Subtype	Apartment General Retail Storefront Retail/Residential Multifamily Dormitory
Apartment Style	Mid Rise
Building Class	C
Lot Size	0.07 AC
Building Size	9,600 SF
Number of Floors	4
Year Built	1892

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PROPERTY TAXES

Parcel Number	216-070-10813	Total Assessment	£298,044 (2023)
Land Assessment	£28,635 (2023)	Annual Taxes	£8,526 (£0.89/sf)
Improvements Assessment	£269,409 (2023)	Tax Year	2024