147 Seminary Street Barre City, Vermont 05641 MLS# 4994154

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For Sale Status

$209,900 List Price

Multi Type

0 Beds

0 Baths

1,864 Sqft

Listed By Katie Peterson of Green Light Real Estate - Barre
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Washington County

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Are you looking for your next smart investment? You won’t want to miss this wonderful opportunity! For 20+ years, the current owners have immaculately maintained this 3-unit property, and now it’s ready for its next chapter. The first level offers two one (1) bedroom units, and upstairs is a spacious two (2) bedroom unit. Both first floor units have washer/dryer hookups, while all three units have their own dedicated boiler, oil tank, water heater, electrical panel, and both cable and fiber optic entrances, making it super easy for tenants to manage their own utilities - not to mention easier to manage for the new owner! The property has been gainfully rented for years, with no shortage of tenants. With a cap rate of 8.7% the savvy investor knows this is a great deal! Along with the possibility of the owner occupying one unit and continuing to rent the others, the property can easily accommodate combining two or even all three units for a huge owner's unit or even a single-family home. You really can’t go wrong here! Please note: the property is OUTSIDE the FEMA mapped flood area and was not affected in July 2023 or any other of the recent flooding events. Showings start Thursday, May 9th!

Property Location

147 Seminary Street Barre City

Property Details

MLS#  4994154 Bedrooms  0 Garage Size   Car
List Price  209,900 Total Bathrooms  0 Year Built  1900
Type  Multi-Family Lot Size  0.0500 Acres Taxes $4,400
Units  3 Stories  2 Road Frontage  
Annual Income  $30,600 Style  Suburban Water Frontage  
Annual Expenses  $0 Finished  1,864 Sqft Construction  No, Existing
Zoning   MU- 1 Above Grade  1,864 Sqft Seasonal  No
Total Rooms  0 Below Grade  0 Sqft List Date  May 5th, 2024
Gross Income  $30,600 Operating Expenses  $0 Net Income  $18,240
Expenses Includes 
Unit 1   Beds, Baths, $875/Monthly Unit 2   Beds, Baths, $750/Monthly
Unit 3   Beds, Baths, $925/Monthly
Construction
BasementWalk-up, Unfinished, Full, Unfinished, Exterior Access
Interior Features
Exterior Features
Exterior   Disability Features  
Foundation  Stone House Color  Yellow
Floors  Laminate, Hardwood, Vinyl Plank Building Certifications  
Roof  Membrane, Flat HERS Index  
DirectionsFrom North Main Street, turn onto Seminary. Yellow house on the corner of Seminary and Thurston place.
Lot Description, Near Hospital
Garage & Parking  No, 1 Parking Space, On Street, Parking Spaces 1
Road Frontage   Water Access  
Driveway  Paved Water Type  
Flood Zone  No Water Body  
Zoning  MU- 1
School District  Barre City School District Middle  Barre City Elem & Middle Sch
Elementary  Barre City Elem & Middle Sch High  Spaulding High School
Heat Fuel  , Oil Excluded  
Heating/Cool  None, Baseboard, Hot Water Negotiable  
Sewer  Public Parcel Access ROW  
Water   ROW for Other Parcel  No
Water Heater   Financing  
Cable Co   Documents  
Electric  Circuit Breaker Tax ID  036-011-11618
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† The remarks published on this webpage originate from Listed By Katie Peterson of Green Light Real Estate - Barre via the NNEREN IDX Program and do not represent the views and opinions of Coldwell Banker Hickok & Boardman. Coldwell Banker Hickok & Boardman Realty cannot be held responsible for possible violations of copyright resulting from the posting of any data from the NNEREN IDX Program.