111 113 Mountain Street Bristol, Vermont 05443 MLS# 4977524

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Sold Status

$655,000 Sold Price

Multi Type

16 Beds

8 Baths

1,964 Sqft

Listed By David Parsons of RE/MAX North Professionals - Burlington
Sold By KW Vermont
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Addison County

111 113 Mountain Street

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.