10 Chalet Heights Mendon VT 05701
10 Chalet Heights Mendon VT 05701

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Listed by Mike Kalil of Rutland

Listing Sold by Rutland
This prime investment property consists of a total of 13 rental units. 1 commercial unit leased to the Day Care center , 8 two bedroom, 1 one bedroom and 3 studio apts. All units are in good condition, and are in compliance with VT state fire code. All units are modern with amenities such as fireplaces, washer dryer hook ups, dishwashers and beautiful views. Most tenants are long term professional working people who take pride in where they live. This is an extremely easy to manage property. Consisting of more than 10 acres, it easily lends itself to additional uses and expansion, prime rt 4 frontage for commercial use, and various sites to build more apts on. Property is serviced by two wells, each classified as small scale non community. The new well has an output of 110 gpm and will easily support more units. This property is a cash cow. Cap rate more than 12% NOI is over $80K

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