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Rarely available investment opportunity with assumable debt (if purchased with adjacent listing). The building consists of 6 units with qualified tenants -and two 2 bedroom 1 bathroom units in a duplex building with garages and four 3 bedroom 1 bathroom units in the fourplex. Two separate buildings with interior updates in 4-plex. Excellent numbers and a great Bristol location close to the village. Properties are professionally managed and underwent substantial recent renovations. Recently appraised for $795,000 This building can be combined with 40 Adirondack from the same seller. †
Property Location
111 113 Mountain Street Bristol
Property Details
Sold Price $655,000
Sold Date Apr 18th, 2024
MLS# 4977524
Bedrooms 16
Garage Size Car
List Price 725,000
Total Bathrooms 8
Year Built 1964
Type Multi-Family
Lot Size 0.9600 Acres
Taxes $13,329
Units 6
Stories 2
Road Frontage
Annual Income $103,455
Style
Water Frontage
Annual Expenses $0
Finished 1,964 Sqft
Construction No, Existing
Zoning RES
Above Grade 1,964 Sqft
Seasonal No
Total Rooms 16
Below Grade 0 Sqft
List Date Nov 11th, 2023
Gross Income $103,455
Operating Expenses $0
Net Income $58,341
Expenses Includes
Unit 1 3 Beds, 1 Baths, 944 SqFt, $1,350/Monthly
Unit 2 3 Beds, 1 Baths, 944 SqFt, $1,350/Monthly
Unit 3 3 Beds, 1 Baths, 893 SqFt, $1,350/Monthly
Unit 4 3 Beds, 1 Baths, 884 SqFt, $1,900/Monthly
Unit 5 2 Beds, 2 Baths, 880 SqFt, $1,775/Monthly
Unit 6 2 Beds, 2 Baths, 880 SqFt, $1,350/Monthly
Construction
BasementInterior, Other
Interior Features
Exterior Features
Exterior
Disability Features
Foundation Concrete
House Color Green
Floors
Building Certifications
Roof Standing Seam, Metal
HERS Index
DirectionsRoute 116 South to Bristol, right on Mountain Street
Lot Description
Garage & Parking No
Road Frontage
Water Access
Driveway Gravel, Dirt
Water Type
Flood Zone Unknown
Water Body
Zoning RES
School District Bristol School District
Middle Mount Abraham Union Mid/High
Elementary Bristol Elementary School
High Mount Abraham UHSD 28
Heat Fuel , Oil
Excluded
Heating/Cool Other, Baseboard
Negotiable
Sewer Septic, Private
Parcel Access ROW
Water
ROW for Other Parcel
Water Heater
Financing
Cable Co
Documents
Electric Circuit Breaker
Tax ID 09302910885/093-029-10884
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† The remarks published on this webpage originate from Listed By David Parsons of RE/MAX North Professionals - Burlington 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.