40 Adirondack View Bristol, Vermont 05474 MLS# 4977525

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Sold Status

$555,000 Sold Price

Multi Type

10 Beds

5 Baths

3,593 Sqft

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

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Addison County

40 Adirondack View

Rarely available investment opportunity with potential for assumable debt (with purchase of adjacent property at 111-113 Mountain Street). The building consists of 5 turnkey 2br/1bath renovated units with qualified tenants. Each unit comes with an oversized garage. Excellent numbers and a great Bristol location close to the village. Properties are professionally managed and have undergone substantial renovations. This building can be combined with 111- 113 Mountain Street from the same seller.

Property Location

40 Adirondack View Bristol

Property Details

Sold Price  $555,000 Sold Date  Apr 18th, 2024
MLS#  4977525 Bedrooms  10 Garage Size  1 Car
List Price  625,000 Total Bathrooms  5 Year Built  1969
Type  Multi-Family Lot Size  0.6300 Acres Taxes $9,444
Units  5 Stories  1 Road Frontage  
Annual Income  $100,200 Style   Water Frontage  
Annual Expenses  $0 Finished  3,593 Sqft Construction  No, Existing
Zoning   Res Above Grade  3,593 Sqft Seasonal  No
Total Rooms  10 Below Grade  0 Sqft List Date  Nov 11th, 2023
Gross Income  $100,200 Operating Expenses  $0 Net Income  $59,333
Expenses Includes 
Unit 1   2 Beds, 1 Baths, 550 SqFt, $1,750/Monthly Unit 2   2 Beds, 1 Baths, 550 SqFt, $1,850/Monthly
Unit 3   2 Beds, 1 Baths, 550 SqFt, $1,700/Monthly Unit 4   2 Beds, 1 Baths, 550 SqFt, $1,350/Monthly
Unit 5   2 Beds, 1 Baths, 550 SqFt, $1,650/Monthly
Interior Features
Exterior Features
Exterior   Disability Features  
Foundation  Concrete House Color  White
Floors   Building Certifications  
Roof  Shingle-Asphalt HERS Index  
DirectionsRoute 116 South to Bristol, turn onto Mountain Street, Adirondack View on the right.
Lot Description, Village
Garage & Parking  Yes, Off Street, Garage, Assigned, Attached
Road Frontage   Water Access  
Driveway  Gravel 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 Parcel Access ROW  
Water   ROW for Other Parcel  
Water Heater   Financing  
Cable Co   Documents  
Electric  Circuit Breaker Tax ID  093-029-10882

† 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.