85-87 Main St
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85-87 Main St
10 Unit Apartment Building $1,217,779 CAD ($121,778 CAD/Unit) 9.48% Cap Rate Fair Haven, VT 05743
Executive Summary
Great investment opportunity , 9 one bedroom units and a commercial space , 100 % occupancy , long rental history
Gross yearly income is $124,800 and the net Income is $80,350 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 .
Gross yearly income is $124,800 and the net Income is $80,350 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 |
$179,220
|
$18.67
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$179,220
|
$18.67
|
| Taxes |
$15,393
|
$1.60
|
| Operating Expenses |
$49,688
|
$5.18
|
| Total Expenses |
$65,081
|
$6.78
|
| Net Operating Income |
$114,139
|
$11.89
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $179,220 |
| Annual Per SF | $18.67 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $179,220 |
| Annual Per SF | $18.67 |
| Taxes (CAD) | |
|---|---|
| Annual | $15,393 |
| Annual Per SF | $1.60 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $49,688 |
| Annual Per SF | $5.18 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $65,081 |
| Annual Per SF | $6.78 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $114,139 |
| Annual Per SF | $11.89 |
Property Facts
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PROPERTY TAXES
| Parcel Number | 216-070-10813 | Total Assessment | $408,595 CAD (2023) |
| Land Assessment | $39,257 CAD (2023) | Annual Taxes | $15,393 CAD ($1.60 CAD/SF) |
| Improvements Assessment | $369,339 CAD (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
216-070-10813
Land Assessment
$39,257 CAD (2023)
Improvements Assessment
$369,339 CAD (2023)
Total Assessment
$408,595 CAD (2023)
Annual Taxes
$15,393 CAD ($1.60 CAD/SF)
Tax Year
2024
zoning
| Zoning Code | Commercial/ residential |
| Commercial/ residential |
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85-87 Main St
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