Listing courtesy of Mikail Stein from RE/MAX North Professionals. ()
Don't miss this exceptional opportunity to own a renovated, income-producing multi-family property in the heart of Barre! 18 Eastern Ave is a duplex with 4 total bedrooms and 2 baths on a 1/4 of an acre with ample driveway parking. Currently operating as a strong cash-flowing investment, this property is leased to two great, reliable tenants and generating an impressive 8.44% CAP rate with a net operating income of nearly $24,000 per year. This property has been meticulously maintained and thoughtfully updated throughout, making it a true turn key opportunity for both investors looking to add a solid performer to their portfolio and owner occupants seeking built in rental income. Both units have been repainted, giving each apartment a clean, move-in-ready feel. Flooring has been updated throughout, and several appliances have been replaced, adding value and appeal. Mechanically, the home has also been well cared for, with a new oil tank recently installed. Exterior work has also been completed, further reducing deferred maintenance and helping protect your investment for years to come. Whether you're an investor seeking a stabilized asset with excellent, dependable cash flow and quality tenants already in place, or an owner occupant looking to live in one unit while offsetting your mortgage with rental income from the other, 18 Eastern Ave checks every box. This is the kind of low hassle, high performing property that investors want! Located in a convenient Barre neighborhood close to local amenities, shopping, and commuter routes, this property offers both immediate income and long-term value.
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