Rental

Are You Ready To Rent?

 

 

 

 

 

 

 

Stowe, Vermont has always been a desirable destination for vacation, as well as for investing in real estate. Vail Resort's recent purchase of the Stowe Mountain Resort's ski operations has had an additional impact on growing interest in the area, year-round. Increased buyer demand, in many cases, includes the desire to rent which is a great way to generate income during the year when you, the homeowner, are not using the property yourself.

Stowe has seen condominium sales, as well as prices, rise since the news broke about Vail Resorts purchasing Stowe. If you are thinking about purchasing and renting, or perhaps you are already doing so, there are some important things you should know to ensure your and your renters safety, as well as any potential liability you may have when renting:

  • Make sure to contact your insurance agent to include extra coverage for renters
  • Make sure to have the proper smoke and carbon monoxide detectors installed.  In Vermont photoelectric smoke detectors are need to be in every sleeping room
  • A rental property falls under Vermont State safety requirements, so you will need to have a Fire and Safety inspection. For more information go to the State website here: http://firesafety.vermont.gov/

Please feel free to contact us any time regarding any questions you may have about anything that may relate to investing in properties, and/or renting.  The Town of Stowe is in the process of adopting some of these, and additional rules and regulations, so we can update you as well as guide you through this process, along with providing any key contacts to ensure your property is up to code and regulation.

 

 

 

New Multi-Family and Commercial Opportunities

New real estate inventory remains a challenge for buyers today, including those who are looking for sound investments in income producing, and commercial properties.  These three new listings offer excellent choices for those seeking such opportunities.  A multi-family home provides the opportunity for a buyer to own their own home, while collecting rents to offset their mortgage payment.

For more information including additional photos on these properties, click through each photo below.

 

This home which is in a prime Morrisville location has a strong and attractive rental history. This is an ideal property for those looking for a passive income stream or for the person who wants a place to live while receiving the benefits of rental income offsetting mortgage payments and other expenses. Rental figures show a strong cap rate, and has long term stable tenants. In addition the current owner has recently replaced the sewer connection line to the property. Take advantage of this sought after location for commuting to the surrounding communities.  Listed for $385,000.

This 3-unit multi-family property is centrally located between Morrisville and Stowe. It has views of the Worcester Range and offers a garage, and a shared mudroom with washer/dryer. The 3 bedroom apartment has been renovated and has a large deck with extra living space in the walkout basement. The two bedroom apartment has plenty of living space between the main floor and walkout basement. The one bedroom is located above the garage and has plenty of space and light. All units have access to the open flat lawn and parking. Live in one unit and rent the others, or take advantage of the opportunity to rent all three units. Minutes to downtown Stowe and Morrisville. Strong rental history with many long term tenants and annual leases in place. Listed for $450,000.

Work and live in this prime commercial building and location, in Stowe, Vermont.  A unique opportunity to run a small business just a few minutes from Stowe Mountain Resort. This property is iconic and historic, dating back generations as a family home and then several businesses, including a ski tuning business. Perfect for a start-up business with ample parking.  Listed for $345,000.