59 Prospect Street Barre City, Vermont 05641 MLS# 4950084

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Sold Status

$112,000 Sold Price

Multi Type

4 Beds

1 Baths

3,213 Sqft

Listed By Ray Mikus of Green Light Real Estate
Sold By
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Washington County

59 Prospect Street

**PRICE REDUCTION** Here's something interesting! A Barre City triplex, with two good, rented units upstairs, and one renovation-ready unit on the first floor. The elephant in the room is the first floor. It's ready for a renovation, which is good, because that's what it needs. You're going to be putting in a new kitchen, bathroom, flooring, and painting. And then...you'll have a really nice, open layout, one bedroom first floor apartment, with a separate "cold storage" area. Should get nice rent on that! One upstairs apartment has two bedrooms, an open layout, and a recently updated balcony, which is very cool. Long term tenants in that unit. The other upstairs apartment is currently set up as a one bedroom. A little creativity might let you change the locations of a couple of doorways, and make it into two bedrooms. Updated kitchen, and hardwood floors. Each unit has its own heating, so you could keep paying for heat, or shift it onto the tenants. This could be a great owner occupied building, or you can get three good rents under one roof. Parking for three cars. This building is a good one, it really just needs someone to carry it over the finish line. The location is convenient to downtown Barre, and you can pop up to 89 and avoid traffic if that's your preference. **Garage does not convey.**

Property Location

59 Prospect Street Barre City

Property Details

Sold Price  $112,000 Sold Date  Jan 3rd, 2024
MLS#  4950084 Bedrooms  4 Garage Size   Car
List Price  140,000 Total Bathrooms  1 Year Built  1910
Type  Multi-Family Lot Size  0.1100 Acres Taxes $5,752
Units  3 Stories  2 Road Frontage  100
Annual Income  $36,960 Style  Apartment Building Water Frontage  
Annual Expenses  $0 Finished  3,213 Sqft Construction  No, Existing
Zoning   Mixed Use 2 Above Grade  3,213 Sqft Seasonal  No
Total Rooms  4 Below Grade  0 Sqft List Date  Apr 26th, 2023
Gross Income  $36,960 Operating Expenses  $0 Net Income  $243,900
Expenses Includes 
Unit 1   1 Beds, 1 Baths, $1,100/Monthly Unit 2   2 Beds, Baths, $985/Monthly
Unit 3   1 Beds, Baths, $995/Monthly
ConstructionWood Frame
BasementInterior, Interior Stairs, Stairs - Interior
Interior Features
Exterior Features
Exterior  Vinyl Disability Features  
Foundation  Granite House Color  
Floors   Building Certifications  
Roof  Membrane HERS Index  
DirectionsMain Street in Barre to Prospect Street (at City Hall and the Barre Opera House). Turn onto Prospect, building is on the right. For showings, parking on Branch Street or Burnham Street are options, as well as the parking lot at Merchants Row.
Lot DescriptionYes, Corner, City Lot
Garage & Parking  No, ,
Road Frontage  100 Water Access  
Driveway  Paved Water Type  
Flood Zone  No Water Body  
Zoning  Mixed Use 2
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, Gas-Lp/Bottle Excluded  
Heating/Cool  None, Direct Vent, Hot Air Negotiable  
Sewer  Public Parcel Access ROW  
Water  Public ROW for Other Parcel  
Water Heater  Electric, Owned Financing  
Cable Co  Charter Documents  
Electric  Circuit Breaker Tax ID  036-011-12226
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† The remarks published on this webpage originate from Listed By Ray Mikus of Green Light Real Estate 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.