Long-term Investment Property

The building holds 2 apartments and 4 businesses. Additionally, two spaces are currently unrented (one large room, one small).

  • Rent totals more than $3000 each month.
  • All tenants are on 1-year leases; most are long-time residents of the building.
  • Where the individual meters exist, tenants pay for their own heat and electricity.
  • Property taxes: ~$6600/year
  • Water & Electric: ~$4200/year (building is on town water and sewer)
  • Heating oil: ~$6800/year