INVESTMENT property:
4 UNIT APARTMENT
+ SINGLE FAMILY HOUSE 

  $229,000

TYPE  single family house + 4 unit apartment building   APPROX.SQ.FT.  3,400   UNITS  5   
STREET  671-687 North Branch Road     TOWN   Ripton    LOT SIZE   1 acre    TAXES  $5,278.88 2010-11
DIRECTIONS   Take Rt. 125 east through E. Middlebury to North Branch Road. Property approx. 3 miles on left. 
OR  Take Rt. 125 to Ripton, at the Country Store turn left on Dugway, then left on North Branch Road.             

		Multi-Unit building						House
		Apt.  1	Apt.  2		Apt.  3	Apt.  4		Single-unit
Floor/Approx. Sq.Ft.		1st/600	2nd/600		2nd/600	1st/600		1st/1000
Total Rooms/Bedrooms		3/1	4/2		4/2	5/3		5/3
Actual Rent		$600	$595		$650	$650		$720
Heat/Utilities Inc Y/N		None included	None included		None included	None included		None included
Appliances		Stove/Frig	Stove/Frig		Stove/Frig	Stove/Frig		Stove/Frig
Lease Expiration		Month-month	Month-month		Month-month	Month-month		Month-month
Damage Deposit		$600	$595		$650	$600		$1000
Annual Income  Monthly Income Annual Heat Annual Taxes  Annual Insurance  Annual Rubbish/Snow Annual Maintenance Annual Utilities Annual Water/Sewer TOTAL ANNUAL EXP.	$38,580    $ 3,215 Tenants pay $ 4,197 Co-op $ varies $ varies $ varies $ varies $ 8,582			Est. Age  1,979 Roof  metal Garage/Outbuilding  shed Parking  unassigned Water Type  drilled well Basement Size  house:partial  Apt:slab Hot Water  tenants pay Owner Assist w/ Financing?  yes Deed Book & Page   B40/P102			Stories Apt: 2; House: 1 Siding  T-11 Zoning Pre-existing Septic conventional Storm Windows  no (Owned/Rented)    rented Surveyed? no

REMARKS: INVESTMENT OPPORTUNITY !  Attractive cap rate. Well maintained four unit apartment plus single family house (perfect for a new landlord; collect four additional rents).  Newer appliances and carpet. Tenants pay heat and electric.  Possible 2^nd mortgage for an acceptable offer.

Single unit building

Single unit building

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