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Multi-unit investment property, situated in a prime corner lot location at a heavily traveled intersection and priced to sell at only $129,900. The street level offers approx. 2500sq.ft of storefront and could easily be sectioned off into separate units. The 2nd & 3rd level offer 4 apartment rental units (two studios & two 2-bedroom apartments) and the basement offers storage & utility access. The building overall is in decent condition with a solid foundation, new furnace & hot water heater installed in 2013, etc. The sellers have priced the property accordingly, knowing that there is some TLC needed to include; cosmetic updates to the apartments, repairs to the fire escapes, etc. Also offered for sale at $149,900 to include the pretty much turn-key ready sporting goods business (Clyde River Outfitters) and inventory (well over $100K wholesale value at the time). Occupy the commercial units to run the store and collect additional apartment rental income to help cover the carrying costs of the property. Well established and profitable business (some prior successful financials on file upon request to qualified buyers). Prime location in downtown Island Pond, VT - home to numerous year-round activities for outdoor enthusiasts to include hunting, fishing, boating, snowmobiling, camping and much more. This is a great opportunity for an onsite owner/operator who loves the outdoors and has always wanted to run their own business. Sellers are motivated to sell!

Listed by Ryan Pronto of Jim Campbell Real Estate

Property Details of 2 Cross Street

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