Immaculate 4plex located in a desirable quaint residential Springfield neighborhood with a NOI north of $32K and listed at over a 10% cap rate. Featuring spacious 4x1br, this building has been recently renovated and updated, and one unit has been left vacant for a potential owner occupancy and to facilitate showings. A new owner can step into to this turnkey investment, projected to yield over a 19% cash on cash return (90% financing assumed ) starting year 1 based on current numbers to realize significant returns from cash-flow vs speculation. Some rents are significantly under market and can be raised to market to achieve over a 30% cash on cash return. Springfield is undergoing significant growth and investment, and this is an excellent opportunity to acquire a high cash flow property at a low valuation. The property is available as a package with other buildings across VT for a buyer looking for a larger high cash flow turnkey multifamily portfolio. Listing Broker is a member of the LLC selling the property.
Lot & Building Features
UtilitiesCable
ConstructionClapboard Exterior
CoolingNone
HeatingForced Air
SewerPublic
Tax Year2024
Taxes Paid$4,089
WaterPublic
Basement DescriptionUnfinished
FoundationStone
Lot DescriptionCorner
RoofShingle - Asphalt
GarageNo
Unit Features
Unit 1 Apx Sqft672
Unit 1 Baths1
Unit 1 Bedrooms1
Unit 1 Rooms3
Unit 2 Apx Sqft672
Unit 2 Baths1
Unit 2 Bedrooms1
Unit 2 Rooms3
Unit 3 Apx Sqft672
Unit 3 Baths1
Unit 3 Bedrooms1
Unit 3 Rooms3
Unit 4 Apx Sqft672
Unit 4 Baths1
Unit 4 Bedrooms1
Unit 4 Rooms3
Price History of 34 Union Street, Springfield, VT
Date
Name
Price
Difference
02/07/2025
Listing Price
$290,000
N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
34 Union Street (MLS #5028828) is a multi-family listing located in Springfield, VT.
This multi-family listing is 2,688 sqft and on a lot of 4,356 sqft (or 0.10 acres) and is 85 years old. This property was listed on 02/07/2025 and has been priced for sale at $290,000.
Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.
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Listing information courtesy of: 3GEN Real Estate Inc
Copyright 2025 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers. personal, non- commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 02/12/2025