Federal 30-year interest rate: 4.52% last updated on 2018-07-19
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
8 unit (1 and 2 BR) apartment building in outstanding location, both for proximity to Stowe, ski area and Morrisville, as well as pastoral setting with large private rear lawn facing Mt Mansfield across the Little River. Tenant list very stable and in high demand. Cap rate at current rental rates (below market) 8%. Projected cap rate at market-adjusted rental rates = 9%!
Listed by George Nelson of Pall Spera Company Realtors-Stowe