49-51 Main Street Essex, Vermont 05452 MLS# 4436302

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Sold Status

$472,500 Sold Price

Multi Type

13 Beds

6 Baths

6,360 Sqft

Listed By Adam Hergenrother of KW Vermont
Sold By Flex Realty
✉ 🖶

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Essex

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49-51 Main Street

Excellent investment opportunity! This 6-unit on 1/2 acre lot with 5-car garage is located in the heart of Essex Junction Village within walking distance to schools, Five Corners and bus station. 13 bedrooms total with two 1-BR units, two 2-BR units, one 3-BR and one 4-BR. Separate gas and electric. Plenty of parking in driveway and garage. Nice backyard with apple trees. Easy access to shopping and restaurants. Cap rate of 8.4%!! †

Property Location

49-51 Main Street Essex

Property Details

Sold Price  $472,500 Sold Date  Jan 29th, 2016
MLS#  4436302 Bedrooms  13 Garage Size  5 Car
List Price  615,000 Total Bathrooms  6 Year Built  1900
Type  Multi-Family Lot Size  0.5700 Acres Taxes $8,465
Units  6 Stories  2 Road Frontage  100
Annual Income  $0 Style  Other Water Frontage  
Annual Expenses  $21,814 Finished  6,360 Sqft Construction  No, Existing
Zoning   Res/Comm Above Grade  6,360 Sqft Seasonal  No
Total Rooms  13 Below Grade  0 Sqft List Date  Jul 7th, 2015
Gross Income  $0 Operating Expenses  $21,814 Net Income  $73,740
Expenses Includes 
Unit 1   1 Beds, 1 Baths, $775/Mo Unit 2   3 Beds, 1 Baths, $1,100/Mo
Unit 3   4 Beds, 1 Baths, $1,680/Mo Unit 4   2 Beds, 1 Baths, $890/Mo
Unit 5   1 Beds, 1 Baths, $0/Mo Unit 6   2 Beds, 1 Baths, $0/Mo
ConstructionWood Frame
BasementFull
Interior Features
Exterior Features
Exterior  Vinyl Disability Features  
Foundation  Other House Color  White
Floors   Building Certifications  
Roof  Shingle-Asphalt HERS Index  
DirectionsFrom Five Corners, take route 15 toward Outlets, property on right after Church Street.
Lot DescriptionLevel, Near Bus/Shuttle, Village
Garage & Parking  Yes, Assigned, Detached, Garage, 11-20 Spaces, Assigned, Paved, On Site
Road Frontage  100 Water Access  
Driveway  Paved Water Type  
Flood Zone  No Water Body  
Zoning  Res/Comm
School District  NA Middle  Essex Middle School
Elementary   High  Essex High
Heat Fuel  Gas-Natural Excluded  
Heating/Cool  Other, Other Negotiable  
Sewer  Public Parcel Access ROW  
Water  Public ROW for Other Parcel  
Water Heater  Other Financing  Commercial
Cable Co   Documents  Deed
Electric  Circuit Breaker Tax ID  207-066-13919
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† The remarks published on this webpage originate from Listed By Adam Hergenrother of KW Vermont 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.