43 Pumping Station Drive
Sutton, VT 05822

Residential Multi Family (Other)

21.5 Acres
12800 Sqft Living Area

24 Bedrooms

8 Bathrooms (8 Full, 0 Half)

Year Built: 1940

$1,500,000

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Property Description

A rare Investment Opportunity: Kingdom Village, LLC a village of 8 Cape Style homes on individual lots, 1600 sf each unit, consisting of a total of 21.5 acres....All homes are fully occupied and under the management of Red House Rentals & Property, Management, LLC of Newport, VT. Each home consists of 5 rooms on the first floor, 1 bath and a large open concept 2nd floor room, can be used a bedroom, office or family room space. A garage storage space is attached to each unit. Most of the garage doors have been removed and the openings have been modified to double doors. Current rent on 6 of the units is $1795.00 to include Internet, mowing and plowing and trash. 1 unit has not been rehabbed below market rent @1075, 1 unit at $1600. Tenants are responsible for electric, heat and propane if their unit has a gas kitchen range. Most units have recently new appliances, including washer and dryers. This neighborhood of 8 homes is serviced by a community well and a large community septic system as well This total parcel has been approved as a PUD as well, Documents available upon request.