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Rare opportunity in the heart of Essex Junction only 2 blocks from the revitalized 5 Corners. Large lot with updated Duplex in the front with spacious two bedroom and one bedroom apartments- Plus a beautiful Carriage House in back! Situated on a .42 acre city lot with potential for additional development. Great owner-occupied property and a terrific investment property with a strong upside!
Property Location
14 Railroad Street Essex Junction
Property Details
Sold Price $362,000
Sold Date Jun 9th, 2017
MLS# 4624031
Bedrooms 4
Garage Size 0 Car
List Price 359,900
Total Bathrooms 5
Year Built 1940
Type Multi-Family
Lot Size 0.4200 Acres
Taxes $7,314
Units 3
Stories 2
Road Frontage 70
Annual Income $40,500
Style Apartment Building
Water Frontage
Annual Expenses $13,412
Finished 2,431 Sqft
Construction No, Existing
Zoning Village/M-FRes3
Above Grade 2,431 Sqft
Seasonal No
Total Rooms 4
Below Grade 0 Sqft
List Date Mar 27th, 2017
Gross Income $40,500
Operating Expenses $13,412
Net Income $27,088
Expenses Includes
Unit 1 2 Beds, 2 Baths, 1,115 SqFt, $1,475/Monthly
Unit 2 1 Beds, 1 Baths, 432 SqFt, $800/Monthly
Unit 3 1 Beds, 2 Baths, 884 SqFt, $1,100/Monthly
ConstructionWood Frame
BasementInterior, Unfinished
Interior Features
Exterior Features
Exterior Wood
Disability Features
Foundation Brick, Concrete, Stone
House Color Yellow
Floors Vinyl, Carpet, Laminate
Building Certifications
Roof Slate, Metal
HERS Index
DirectionsFrom Five Corners, take Main Street/Route 15 northeast, then right onto Railroad Street, property on left.
Lot DescriptionUnknown, City Lot, Village, Near Bus/Shuttle
Garage & Parking No, , , On Site, 5 Parking Spaces
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