Investors take note of this nicely maintained 4 story brick commercial building that has a first floor commercial rental that consists of approximately 1800 sq. feet and it has been used as a Cafe for years now its a retail business. The second through fourth floors have a total of 9 one bedroom apartments, having 3 on each floor and having access via stairs or elevator. The current rental income and expenses are producing an 10 plus cap rate. The building was modernized in the 1980's and has 2 Dedietrich oil fired boilers, 2 meters, insulated double hung windows in residential units, 2 sixty gallon hot water makers off boilers, membrane roof, all residing on a 50x61 commercial lot that is directly across from the well known park and offers great street exposure. Prime time to purchase in downtown Fair Haven as there has been a lot of interest in various business's wanting to establish in town. A downtown revitalization committee has been formed to draw more people to downtown. The towns central park holds numerous yearly functions producing large gatherings to the town. Now is the time to invest in downtown Fair Haven. HAP contract in place, so hardly any vacancies available in the residential units. Gross income $124,800 NOI is over $79,481
Property Details
Property Features
Property Information:
Year Built: 1892
Living Area: 9,600 SqFt
Listing Office:
Office Name: Watson Realty & Associates
Office Phone: (802) 773-3500
Listing Agent: Mike Kalil
Interior Features
Interior Information:
Basement: Yes
Lot Features
Lot Information:
Lot Size: 0.07 Acres
Utilities
Utilities Information:
Heating: Oil, Baseboard
Cooling: Zoned
Price Information
Listing Price Info
Price Summary:
List Price: $848,000
Price Per SqFt: $88/SqFt
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Reports are calculated by Rocket Homes Real Estate, LLC and based on information from the MLS. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/22/2024, 1:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$4,300
Per Month
Principal & Interest
$4,233
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$2,609
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
6
/10
Poultney Elementary School
96 School Cir
Distance between this listing and this school3.46 miles
Public District Grades PK-6
3
/10
Whitehall Elementary School
99 Buckley Rd
Distance between this listing and this school5.68 miles
Public District Grades PK-6
2
/10
Mary J Tanner Primary School
Rt 22
Distance between this listing and this school9.83 miles
Public District Grades PK-4
Nearby Schools
3
/10
Fair Haven Grade School
115 N Main St
Distance between this listing and this school1.66 miles
Public District Grades PK-8
5
/10
Benson Village School
32 School St
Distance between this listing and this school9.60 miles
Public District Grades PK-8
2
/10
Rutland Middle School
67 Library Ave
Distance between this listing and this school14.42 miles
Public District Grades 7-8
Nearby Schools
3
/10
Fair Haven Union High School
33 Mechanic St
Distance between this listing and this school2.28 miles
Public District Grades 9-12
4
/10
Poultney High School
154 E Main St
Distance between this listing and this school4.11 miles
Public District Grades 7-12
4
/10
Whitehall Junior-Senior High School
87 Buckley Rd
Distance between this listing and this school5.77 miles
The neighbors living near this home have an average income of $41,225. The majority of Rutland County, VT residents have income between $35k-100k annually. Most families are single, no kids. The most common level of education of people living in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 85-87 Main St
What is the listing price of this property?
The listing price of 85-87 Main St property is $848,000.
What type of property is this?
The property 85-87 Main St is land located in Fair Haven, Vermont, 05743.
Is this property for sale now?
Active Listing: 85-87 Main St is For Sale (Active/New) which means the seller is accepting offers.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 85-87 Main St in Fair Haven, VT and zip code 05743. This 9,600 square foot home, which was built in 1892, sits on a 0.07 acre lot. It has been listed on Rocket Homes since December 21, 2024 and is currently priced at $848,000.
Over 17 listings were sold over their listed price in November 2024 in Rutland County, VT. In the same period over 33 listings were sold below the listed price and 5 listings were sold for the listed price. The number of homes for sale in Rutland County, VT decreased by 1.4% between October 2024 and November 2024.
From Rocket Homes Real Estate and based on county public records data.
© Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this site 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. 
Hunting
Hunting
Monster Trucks
NASCAR
Wal-Mart
Dollar General
Academy Sports & Outdoors
Hardee's
Jimmy Johns
Applebees
Ram
Chevrolet
GMC
Classic Country
New Country