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Listed by Michael Gilman • 3GEN Real Estate Inc
$ 215,000
Est. payment /mo
New
317 Pleasant ST Bennington, VT 05201
5 Beds
2 Baths
2,201 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,201 sqft
Price per Sqft $97
MLS Listing ID 5065393
Bedrooms 5
Full Baths 2
Construction Status Existing
Year Built 1900
Annual Tax Amount $4,219
Tax Year 2025
Lot Size 4,356 Sqft
Acres 0.1
Property Description
Centrally located renovated Bennington duplex, with backyard and garage. This duplex can generate an annual net operating income of $23k+ (~11% cap rate at current numbers), producing robust returns from cash flow and not speculation! Owner performed renovations since acquiring, including to heating systems, plumbing, and gut renovation of the upstairs 2br (currently rented for $1,400). Unit 1 on the ground floor is spacious 3br ~1,250 square feet with backyard access, eat in kitchen, desirable layout, and would make a perfect owners' unit if the intention is to owner occupy and cover your mortgage and make extra income (current rent is $1,709 and tenant is on a month-to-month lease). This is a significant opportunity to acquire in-demand housing in Bennington ahead of the historic $54million Bennington Highschool mixed use redevelopment down the street (one of the largest redevelopments in state history), and the start of a falling rate environment that should lead to organic price appreciation independent of the strong cash flow. Listing Broker is a member of the LLC selling the property.
Location
State VT
County Vt-bennington
Area Vt-Bennington
Zoning VR
Rooms
Basement Entrance Interior
Basement Full
Interior
Cooling None
Exterior
Garage Spaces 1.0
Utilities Available Cable Available, Propane, Telephone Available
Roof Type Asphalt Shingle
Building
Story 1.5
Sewer Public
Architectural Style Duplex
Construction Status Existing
