4 Woodlawn Cemetery Rd, Newfane, VT 05345

Value-Add Multifamily Gem! 4 Units + Expansion Potential (3 Rented, 1 Gut-Rehab Ready and room to create a legal 5th apartment )** Seize this high-potential multifamily investment in Newfane! This 4-unit property delivers **immediate cash flow** with 3 occupied apartments generating steady rental income, while the **4th unit is fully gutted** down to the studs – a blank canvas awaiting your vision. With additional space to add a **5th legal unit** (subject to permits), this is a rare opportunity to maximize ROI through renovation and expansion. With rehab grant loans available it is a great time to do renovations. **Key Features:** ? **3 Rented Units:** Stabilized income in place. ? **Gut-Rehab 4th Unit:** Completely stripped to studs – ideal for custom renovation (plumbing/electrical rough-ins assessed). ? **5th Unit Potential:** Unlock significant value by converting unused space into an additional apartment (verify zoning/permits). ? **Forced Appreciation:** Renovate units & common areas to boost rents and property value. ? **Parking/Outdoor Space:** **Investment Highlights:** - **Value-Add Play:** Capitalize on below-market rents by modernizing units. - **Expansion Upside:** Create a 5th unit for substantial long-term income growth. - **Renovation-Ready:** The gutted unit accelerates your rehab timeline – bring your contractor! - **Ideal for Hands-On Investors or Developers:** Build sweat equity or manage the project to your specs. **Property Condition:** *Needs significant renovation.* The building requires updates throughout (roof, HVAC, electrical, plumbing, common areas – inspections recommended). The gutted unit is demolition-complete and ready for transformation. **Call to Action:** This is NOT a turnkey property – it’s a **value-creation opportunity** for savvy investors. Schedule your private tour today to assess the renovation potential and expansion feasibility. Bring your contractor and vision!