- $795,000
- MLS#: 4995640
- 4
- # of Units
- 4,592
- Total Sq. Feet
- 0.40
- Acres
- $9,709
- Taxes
1 of 30
General Property Information
- Price:
- $795,000
- County:
- VT-Addison
- Acres:
- 0.40
- Property Type:
- Multi-Family
- Property Status:
- Under Contract
- # of Units:
- 4
- Agency/Brokerage:
- Sandy Palmer
Vermont Real Estate Company
SOME OWNER FINANCING POSSIBLE. Also... PROPERTY COULD QUALIFY FOR 5% DOWN FHA PROGRAM FOR APPROVED BUYERS WHO WANT TO LIVE IN ONE OR MORE OF THE UNITS! Incredible investment opportunity. This four unit apartment building has been lovingly maintained by the same owner for decades with low-maintenance and profitability in mind. The building has been updated with vinyl siding and windows, a metal roof, a brand new natural gas boiler, solar panels, carpet-free units, and a massive 5+ car garage with storage above offering tons of potential. The current owner has easily leased these for decades - tenants that have all been moved into month-to-month leases so a new buyer has options (though they all want to stay). The income on this property speaks for itself - with a pair of 2 br units, one 1 br plus den, and a 3 br/2ba, this property would bring $60k+ per year to an investor's portfolio. Or live in one of the units and have your money working for you! There is ample off-street parking, and a cute yard with a small playground and garden area. Located just 2 short blocks behind the main business district of Vermont's Smallest (and arguably most charming) City, easy walking distance to the shops and restaurants. 30 minutes to Burlington and less than 20 minutes to Middlebury.
Features
- Property Type:
- Multi-Family
- # of Units:4
- Subdivision Name:
- Year Built:
- 1900
- Parking:
- Road Frontage:
- 118
- Acres:0.40
- Gross Income:
- 86,700
- Annual Expenses:
- 0
- # of Gas Meters:
- 4
- # of Electric Meters:
- 4
- Sq Ft (Above Ground):
- 4592
- Sq Ft (Below Ground):
- 0
- Total Sq Ft:
- 4592
- Land Description:Sidewalks
- Elementary School:
- Vergennes UES #44
- Middle School:
- Vergennes UHSD #5
- High School:
- Vergennes UHSD #5
- Financing Details:
- Documents Available:
Unit Information
Unit 1
- #Rooms:
- 5
- #Bedrooms:
- 2
- #Baths:
- 1
- Sq. Ft.:
- 1080
- Floor:
- 2
- Unit Style:
- Monthly Rent:
- 1575.00
Unit 2
- #Rooms:
- 6
- #Bedrooms:
- 3
- #Baths:
- 2
- Sq. Ft.:
- 1200
- Floor:
- 1
- Unit Style:
- Monthly Rent:
- 0.00
Unit 3
- #Rooms:
- 4
- #Bedrooms:
- 4
- #Baths:
- 1
- Sq. Ft.:
- 0
- Floor:
- 2
- Unit Style:
- Monthly Rent:
- 1600.00
Unit 4
- #Rooms:
- 4
- #Bedrooms:
- 2
- #Baths:
- 1
- Sq. Ft.:
- 1080
- Floor:
- 1
- Unit Style:
- Monthly Rent:
- 1400.00
Other Information
- List Date:
- 2024-05-15
- Last Updated:
- 2024-10-25 22:18:39
