Montpelier, VT | 281-285 River Street

$750,000
MLS#: 4997608
7
# of Units
3,402
Total Sq. Feet
5.86
Acres
$9,520
Taxes
1 of 26

General Property Information

Price:
$750,000
County:
VT-Washington
Acres:
5.86
Property Type:
Multi-Family
Property Status:
Active
# of Units:
7
Agency/Brokerage:
Michelle Hebert
William Raveis Barre

Rare opportunity to own a Montpelier commercial/multi-family property on a 5.86 acre parcel. Conveniently located at the junction of Route 2 and Route 302, which provides excellent accessibility. This property consists of three separate buildings. One building contains 6 apartments: two 2-bedroom units, three efficiency units and one 1-bedroom unit. There is also a 2-bedroom cottage. The third building is vacant and in need of rehabilitation. This building previously consisted of 8 studio apartments. With existing tenants and room for expansion, this property provides a steady income stream. The vacant building allows for customization and value enhancement. Seize this opportunity to unlock the full potential of this property. Whether you’re an investor, developer, or entrepreneur, there’s so much you can achieve here! Seller is a Licensed Vermont Real Estate Broker.

Features

Property Type:
Multi-Family
# of Units:7
Subdivision Name:
Year Built:
1900
Parking:
Road Frontage:
0
Acres:5.86
Gross Income:
87,540
Annual Expenses:
0
# of Gas Meters:
0
# of Electric Meters:
6
Sq Ft (Above Ground):
3402
Sq Ft (Below Ground):
0
Total Sq Ft:
3402
Land Description:Hilly,Level,Major Road Frontage,Sloping,Trail/Near Trail
Elementary School:
Union Elementary School
Middle School:
Main Street Middle School
High School:
Montpelier High School
Financing Details:
Documents Available:

Unit Information

Unit 1

#Rooms:
3
#Bedrooms:
1
#Baths:
1
Sq. Ft.:
0
Floor:
1
Unit Style:
Monthly Rent:
1200.00

Unit 2

#Rooms:
6
#Bedrooms:
2
#Baths:
1
Sq. Ft.:
0
Floor:
2
Unit Style:
Monthly Rent:
1090.00

Unit 3

#Rooms:
5
#Bedrooms:
5
#Baths:
1
Sq. Ft.:
587
Floor:
1
Unit Style:
Monthly Rent:
1010.00

Unit 4

#Rooms:
4
#Bedrooms:
1
#Baths:
1
Sq. Ft.:
Floor:
2
Unit Style:
Monthly Rent:
1100.00

Unit 5

#Rooms:
3
#Bedrooms:
1
#Baths:
1
Sq. Ft.:
Floor:
1
Unit Style:
Monthly Rent:
855.00

Unit 6

#Rooms:
3
#Bedrooms:
1
#Baths:
1
Sq. Ft.:
Floor:
1
Unit Style:
Monthly Rent:
740.00

Unit 7

#Rooms:
5
#Bedrooms:
2
#Baths:
1
Sq. Ft.:
0
Floor:
1
Unit Style:
Bungalow
Monthly Rent:
1300.00

Other Information

Source: Data provided by PrimeMLS, graph generated by Pall Spera Company
List Date:
2024-05-28
Last Updated:
2024-05-28 19:46:03

Stowe Office

Joni Gaines

(P) 802.253.9771
(F) 802.253.9993
email

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