Morristown, VT, 05661
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.
Generate income from multiple rental units, providing diversified revenue and reduced vacancy risk.
Multi-family properties offer excellent potential for scaling your real estate investment portfolio.
Perfect for investors looking to build a managed real estate portfolio with professional oversight.
$15,992 - $23,988
Estimated based on 0.8% - 1.2% of property value
8% - 12%
Based on typical multi-family returns
No schools found for this town.