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Executive Summary

Great investment opportunity , 9 one bedroom units and a commercial space , 100 % occupancy , long rental history
Gross yearly income is $132,900 and the net Income is $88,450 with potential for more rent increases , building is a 4 story brick building in a great shape with all mechanicals in a great shape no differed maintenances
located in downtown Fair Haven minutes to lakes and ski areas .

Financial Summary (Actual - 2024)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $171,440 $17.86
Other Income - -
Vacancy Loss - -
Effective Gross Income $171,440 $17.86
Taxes $14,725 $1.53
Operating Expenses $47,531 $4.95
Total Expenses $62,256 $6.48
Net Operating Income $109,185 $11.37

Financial Summary (Actual - 2024)

Gross Rental Income (CAD)
Annual $171,440
Annual Per SF $17.86
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $171,440
Annual Per SF $17.86
Taxes (CAD)
Annual $14,725
Annual Per SF $1.53
Operating Expenses (CAD)
Annual $47,531
Annual Per SF $4.95
Total Expenses (CAD)
Annual $62,256
Annual Per SF $6.48
Net Operating Income (CAD)
Annual $109,185
Annual Per SF $11.37

Property Facts

Price $1,164,915 CAD
Price Per Unit $116,491 CAD
Sale Type Investment
Cap Rate 10.43%
No. Units 10
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
  • Multifamily Dormitory
Apartment Style Mid-Rise
Building Class C
Lot Size 0.07 AC
Building Size 9,600 SF
No. Stories 4
Year Built 1892
Zoning Commercial/ residential
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100

Property Taxes

Property Taxes

Parcel Number
216-070-10813
Land Assessment
$49,235 CAD
Improvements Assessment
$463,216 CAD
Total Assessment
$512,451 CAD
Annual Taxes
$14,725 CAD ($1.53 CAD/SF)
Tax Year
2024
  • Listing ID: 34254883

  • Date on Market: 2024-12-20

  • Last Updated:

  • Address: 85-87 Main St, Fair Haven, VT 05743

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