661 Laporte Road

Multi-Family Property
List Price: $1,999,000
Location: Morristown, VT
MLS #: 5044087
Total Units: N/A
Total Bedrooms: N/A
Total Bathrooms: N/A
Status: Active

Property Description

This well-maintained 9-unit multifamily property presents an excellent opportunity for investors or owner-occupiers seeking a stable income stream and/or a multi-unit living situation in Morrisville, Vermont. The property was built in 2022 and will offer low maintenance and modern energy efficiency for many years to come. 661 Laporte Road features a mix of one and two-bedroom units and offers a variety of attractive features. Contains four 1-bedroom, five 2-bedroom units, and it's fully occupied with quality tenants. Each unit has it's own washer/dryer and a secure, dedicated storage unit in the basement. Conveniently located near public transportation, schools, parks, shopping, and dining. Strong rental history, low vacancy rate, and excellent cash flow potential. Don't miss this opportunity to acquire a solid income-producing multifamily property. Schedule your private showing today! Listing agent is a member of the ownership LLC, CM Real Estate LLC.

Multi-Family Features

🏢 Multiple Units
💰 Investment Income
📊 Property Management
📈 Scalable Investment

Investment Opportunities

Multiple Income Streams

Generate income from multiple rental units, providing diversified revenue and reduced vacancy risk.

Scalable Investment

Multi-family properties offer excellent potential for scaling your real estate investment portfolio.

Professional Management

Perfect for investors looking to build a managed real estate portfolio with professional oversight.

Rental Analysis

Monthly Rental Income

$15,992 - $23,988

Estimated based on 0.8% - 1.2% of property value

Annual ROI Potential

8% - 12%

Based on typical multi-family returns

No schools found for this town.