81-83 N Main Street Barre City, Vermont 05641 MLS# 4928233

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Sold Status

$557,500 Sold Price

Multi Type

7 Beds

8 Baths

8,725 Sqft

Listed By Michael Skinner of KW Vermont
Sold By KW Vermont-Stowe
✉ 🖶

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81-83 N Main Street

This is a prime downtown location on Main Street with a high traffic count. The present owners have transformed this property through a lot of hard work to now include 5 residential apartments, one office space and a restaurant. It's now time for the seller to move onto the next project. Approximately 5 years ago a severe storm caused a virtual total failure of the upper roof. A new rubber membrane roof was installed and the upstairs 4 apartments were essentially recreated new, making them now essentially 5 years old. Seller will be entering into a 1031 Like Kind Exchange. †

Property Location

81-83 N Main Street Barre City

Property Details

Sold Price  $557,500 Sold Date  Apr 12th, 2023
MLS#  4928233 Bedrooms  7 Garage Size   Car
List Price  600,000 Total Bathrooms  8 Year Built  1935
Type  Multi-Family Lot Size  0.2100 Acres Taxes $15,840
Units  7 Stories  2 Road Frontage  77
Annual Income  $113,400 Style  Other, Multi-Level, Other Water Frontage  
Annual Expenses  $0 Finished  8,725 Sqft Construction  No, Existing
Zoning   Central Business Above Grade  8,725 Sqft Seasonal  No
Total Rooms  7 Below Grade  0 Sqft List Date  Sep 2nd, 2022
Gross Income  $113,400 Operating Expenses  $0 Net Income  $56,047
Expenses Includes 
Unit 1   1 Beds, 1 Baths, $900/Monthly Unit 2   1 Beds, 1 Baths, $900/Monthly
Unit 3   1 Beds, 1 Baths, $900/Monthly Unit 4   1 Beds, 1 Baths, $825/Monthly
Unit 5   3 Beds, 1 Baths, $1,800/Monthly Unit 6   0 Beds, 1 Baths, $1,550/Monthly
Unit 7   0 Beds, 2 Baths, $2,500/Monthly
ConstructionWood Frame
BasementInterior, Interior Stairs, Full, Concrete, Sump Pump, Exterior Stairs, Sump Pump
Interior Features
Exterior Features
Exterior  Brick, Block Disability Features  
Foundation  Concrete House Color  
Floors   Building Certifications  
Roof  Membrane HERS Index  
Directions
Lot Description, City Lot, Major Road Frontage, Sidewalks, Street Lights
Garage & Parking  No, , , 1 Parking Space
Road Frontage  77 Water Access  
Driveway  Paved, Common/Shared Water Type  
Flood Zone  Yes Water Body  
Zoning  Central Business
School District  NA Middle  
Elementary   High  
Heat Fuel  , Oil Excluded  
Heating/Cool  None, Multi Zone, Hot Water Negotiable  
Sewer  Public Parcel Access ROW  
Water  Public ROW for Other Parcel  
Water Heater  Tank, Owned Financing  
Cable Co  Spectrum Documents  Property Disclosure, Plot Plan, Deed
Electric  Circuit Breaker Tax ID  036-011-10550
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† The remarks published on this webpage originate from Listed By Michael Skinner of KW Vermont 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.