If you’re in the market for a Vermont investment property, look no further than this charming single-family home located in Castleton. Situated right on Main Street, this property is not only picturesque but comes with an excellent rental history that makes it a great investment opportunity.
Currently used as a college rental, this property has a lease in place until May 31st, 2024, providing immediate rental income for the new owner. The property features 3 bedrooms, 2 bathrooms, town water and sewer, a detached garage with a workshop/studio, and a separate garden shed. The level 0.40-acre lot is within walking distance to several amenities, including the Bird’s Eye Diner, Castleton Village store, Castleton University campus, and Amtrak train station, making it an attractive location for renters.
Recent updates to the property include a new roof in December 2021 and a new hot water heater in 2020, ensuring that the property is in excellent condition for the new owner and tenants. Additionally, the property has a new lease in place for $1750 per month, which includes utilities, providing a stable source of rental income.
One thing to note is that 48-hours’ notice is needed to coordinate showings with renters, so be sure to plan accordingly. However, the property’s excellent rental history and location make it a standout investment opportunity that is worth the wait.
In conclusion, if you’re looking for a Vermont investment property with a great rental history, this single-family home in Castleton is an excellent option. With a lease in place until 2024, recent updates, and a prime location, this property is sure to be a profitable investment for years to come. Don’t miss out on this opportunity to own a piece of Vermont real estate.