235 River Road Essex, Vermont 05452

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For Sale Status
$475,000 Price
Multi Type
4 Beds
4 Baths
2,700 Sqft
Listed By Flex Realty Group of Flex Realty
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Essex

Essex, which includes Essex Junction, is located east of Vermont’s largest city, Burlington, between the majestic Green Mountains and Lake Champlain. Home to IBM, Essex is a modern suburban community offering a highly acclaimed parks &...

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Great opportunity exists with this 4 unit multifamily property located in Essex on a corner lot with over 2 acres of land! "The barn" as its referred to is approximately 5400 square feet (30 x 90 feet) all with a "country rustic" feel. There are 4 apartments in the building on the upper level all with private entrances. The first level of the barn is currently used for owners storage with space to hold 4-6 vehicles. All units are one bedroom with an additional room for use as office space, etc. Apartments 2 and 3 are in the back and have private decks. Each unit also has washer and dryer hook-ups. Each unit is heated by a natural gas direct vent heater. There is a large yard and woods that allows each unit to have some outdoor space, gardening spot, etc as well as a huge parking lot that provides plenty of easy parking for tenants as well as visitors. The property is also directly on the bus line making it very convenient for tenants. The gross monthly income for all units is nearly $3500 and the rents are considered below market rate with room to increase. All units currently rented with month to month leases.

Property Location

Property Details

MLS#  4865482 Bedrooms  4 Garage Size  4 Car
List Price  475,000 Total Bathrooms  4 Year Built  1900
Type  Multi-Family Lot Size  2.2000 Acres Taxes $0
Units  4 Stories  2 Road Frontage  222
Annual Income  $40,800 Style  Multi-Family Water Frontage  
Annual Expenses  $0 Finished  2,700 Sqft Construction  No, Existing
Zoning   Residential Above Grade  2,700 Sqft Seasonal  No
Total Rooms  4 Below Grade  0 Sqft List Date  Jun 8th, 2021
Gross Income  $40,800 Operating Expenses  $0 Net Income  $31,055
Expenses Includes 
Unit 1   1 Beds, 1 Baths, 650 SqFt, $850/Monthly Unit 2   1 Beds, 1 Baths, 650 SqFt, $850/Monthly
Unit 3   1 Beds, 1 Baths, 650 SqFt, $850/Monthly Unit 4   1 Beds, 1 Baths, 650 SqFt, $850/Monthly
ConstructionWood Frame
Basement
Interior Features
Exterior Features
Exterior  Wood Disability Features  
Foundation  Concrete House Color  
Floors   Building Certifications  
Roof  Metal HERS Index  
DirectionsFrom bottom of Sand Hill Rd, take Right onto River Rd. Property is on the corner of Sand Hill and River Rd. Driveway on River Rd. Look for Sign.
Lot Description, Sloping, Corner, City Lot
Garage & Parking  Yes, , , Unpaved, 6+ Parking Spaces
Road Frontage  222 Water Access  
Driveway  Gravel Water Type  
Flood Zone  No Water Body  
Zoning  Residential
School District  Essex School District Middle  Essex Middle School
Elementary  Essex Elementary School High  Essex High
Heat Fuel   Excluded  
Heating/Cool  None, Vented Gas Heater Negotiable  
Sewer  Public Parcel Access ROW  
Water  Public ROW for Other Parcel  
Water Heater  Electric Financing  
Cable Co   Documents  
Electric  Circuit Breaker Tax ID  207-067-41866
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† The remarks published on this webpage originate from Listed By Flex Realty Group of Flex Realty 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.