18 Depot Street Cambridge, Vermont 05464 MLS# 4897296

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Sold Status

$448,000 Sold Price

Multi Type

8 Beds

0 Baths

4,352 Sqft

Listed By Trombley & Day Group of BHHS Vermont Realty Group/Morrisville-Stowe
Sold By KW Vermont

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A great investment property in a popular ski town at the base of Smugglers Notch! This four-unit multi-family building is on the corner of Depot & Main St in the quaint village of Jeffersonville. The property has a 3-bedroom unit and two 2-bedroom units in the main building, and a 1-bedroom in the detached unit. There have been many recent improvements to the property, including the building being weatherized, a new furnace installed in September '21, new stoves and refrigerators in three of the units, and a renovation of two bathrooms. The detached unit also has new flooring in kitchen, new windows in living room, a new on-demand hot water heater, and a new exterior entrance/stairway. Just under five miles from Smugglers Notch Ski Resort and 45 minutes from Burlington, and in an area that is walkable to all that the village has to offer, convenience is a given! With a solid rental history in a terrific location, this investment property is a great opportunity! Great potential for adding more units on this oversize lot in a Town with no zoning! †

Property Location

18 Depot Street Cambridge

Property Details

Essentials

Sold Price $448,000		Sold Date May 31st, 2022
MLS# 4897296	Bedrooms 8	Garage Size 0 Car
List Price 469,000	Total Bathrooms 0	Year Built 1880
Type Multi-Family	Lot Size 0.4300 Acres	Taxes $5,623
Units 4	Stories 2	Road Frontage
Annual Income $40,900	Style Apartment Building	Water Frontage
Annual Expenses $0	Finished 4,352 Sqft	Construction No, Existing
Zoning Multi-Unit	Above Grade 4,352 Sqft	Seasonal No
Total Rooms 8	Below Grade 0 Sqft	List Date Feb 7th, 2022

Expenses

Gross Income $40,900	Operating Expenses $0	Net Income $22,020

Expenses Includes

Unit Size & Rent

Unit 1 2 Beds, Baths, $700/Monthly	Unit 2 3 Beds, Baths, $1,200/Monthly
Unit 3 2 Beds, Baths, $875/Monthly	Unit 4 1 Beds, Baths, $675/Monthly

Building

ConstructionWood Frame
BasementWalk-up, Unfinished, Dirt
Interior Features
Exterior Features

Exterior Vertical, Wood, Shingle, Other	Disability Features
Foundation Stone, Other	House Color
Floors Laminate, Carpet	Building Certifications
Roof Other, Metal	HERS Index

Property

DirectionsFrom RTE 15 & 108 at flashing light: Go South on 108 (Main St.), follow around to right. Property is on right at corners of Main & Depot St. See sign.
Lot DescriptionYes, Corner, City Lot
Garage & Parking Yes, ,

Road Frontage	Water Access
Driveway Gravel	Water Type
Flood Zone Unknown	Water Body
Zoning Multi-Unit

Schools

School District NA	Middle
Elementary	High

Utilities

Heat Fuel , Oil	Excluded
Heating/Cool None, Baseboard, Other	Negotiable
Sewer Public	Parcel Access ROW
Water Public	ROW for Other Parcel
Water Heater Domestic, Off Boiler	Financing
Cable Co	Documents
Electric Circuit Breaker	Tax ID 123-038-11867

† The remarks published on this webpage originate from Listed By Trombley & Day Group of BHHS Vermont Realty Group/Morrisville-Stowe 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.