78 State Frst Rd Groton, VT 05046

Property Details for 78 State Frst Rd

Lot size

3.20 lot acres

Property type

Commercial real estate

APN

(084) SH232-001.R001

APU

084SH232001R001

Description

This exceptional investment opportunity presents a 21-unit building constructed in 2014, situated on a spacious 3.1-acre lot in Groton, Vermont. The property is conveniently located just two miles north of Groton's town center, offering easy access to local amenities. The building comprises twelve 10x10 units and nine 10x20 units, providing a diverse mix of rental options. Currently operating as a stabilized and cash-flowing facility, this property presents significant upside potential. The existing rental rates are below market value, allowing for immediate increases to match the higher rates observed in comparable nearby properties. This translates to a substantial boost in revenue and a strong return on investment. The 3,030 square foot building offers a solid foundation for a thriving rental business. With its established tenant base and potential for rental rate increases, this property is an ideal acquisition for investors seeking immediate income and long-term growth. The property's size and location make it an attractive option for a variety of uses, offering flexibility for future development or expansion. This is a rare opportunity to acquire a well-maintained, income-generating property in a desirable Vermont location. The asking price is $215,000.

Location Insight

City

Groton

County

Caledonia

State

Vermont

Longitude

-72.2259

Latitude

44.2214

Property Tax & Assessments