65 School Street Cambridge, Vermont 05464 MLS# 4688848

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Sold Status

$293,500 Sold Price

Multi Type

8 Beds

5 Baths

4,269 Sqft

Listed By Rich Gardner of RE/MAX North Professionals
Sold By Timbers Real Estate

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Lamoille County

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Looking for a great investment or owner occupied property? Only 15 minutes from Johnson State College and 45 minutes from Church Street in Burlington, don't miss out on this 4-unit apartment building in downtown Jeffersonville! The current sellers have invested almost $100K into the property in the past 6 years and have restored it to glory. These updates include, but are not limited to: a new kitchen (2015) and new bathroom (2012) in unit 1, all new paint, carpet and lighting in unit 2, a new kitchen, lighting, and sheetrock in unit 3, and unit 4 has been almost entirely redone with a new fridge, sheetrock, flooring and kitchen. The rear foundation has been replaced as have all of the windows and doors. As an investment this property boasts an 8.32% CAP rate, or if you're looking to live there, move right in and live for the property will pay for most of your expenses. This is truly a great opportunity! †

Property Location

65 School Street Cambridge

Property Details

Essentials

Sold Price $293,500		Sold Date Aug 24th, 2018
MLS# 4688848	Bedrooms 8	Garage Size 1 Car
List Price 314,900	Total Bathrooms 5	Year Built 1850
Type Multi-Family	Lot Size 0.1600 Acres	Taxes $4,478
Units 4	Stories 2	Road Frontage 77
Annual Income $0	Style Apartment Building	Water Frontage
Annual Expenses $0	Finished 4,269 Sqft	Construction No, Existing
Zoning none	Above Grade 3,648 Sqft	Seasonal No
Total Rooms 8	Below Grade 621 Sqft	List Date Apr 27th, 2018

Expenses

Gross Income $0	Operating Expenses $0	Net Income $41,400

Expenses Includes

Unit Size & Rent

Unit 1 1 Beds, 1 Baths, 647 SqFt, $600/Monthly	Unit 2 1 Beds, 1 Baths, 685 SqFt, $550/Monthly
Unit 3 3 Beds, 1 Baths, 1,242 SqFt, $1,100/Monthly	Unit 4 3 Beds, 2 Baths, 1,317 SqFt, $1,200/Monthly

Building

ConstructionWood Frame
BasementInterior, Interior Stairs, Partially Finished, Stairs - Interior
Interior Features
Exterior Features

Exterior Vinyl Siding	Disability Features
Foundation Stone	House Color yellow
Floors Vinyl, Carpet, Wood	Building Certifications
Roof Metal	HERS Index

Property

DirectionsRoute 15 to Jefersonville, right onto Church Street, left onto Main Street, right onto School Street; house is on the left.
Lot DescriptionUnknown, Level, Open, Village
Garage & Parking Yes, , , 5 Parking Spaces, Parking Spaces 5

Road Frontage 77	Water Access
Driveway Gravel	Water Type
Flood Zone Yes	Water Body
Zoning none

Schools

School District Lamoille North	Middle Lamoille Middle School
Elementary Cambridge Elementary	High Lamoille UHSD #18

Utilities

Heat Fuel , Oil	Excluded
Heating/Cool None, Baseboard, Hot Water	Negotiable
Sewer Public	Parcel Access ROW
Water Public	ROW for Other Parcel
Water Heater Tank, Oil, Owned	Financing
Cable Co	Documents Deed
Electric Circuit Breaker	Tax ID 123-038-11381

† The remarks published on this webpage originate from Listed By Rich Gardner of RE/MAX North Professionals 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.