111 South Main Street Middlebury, Vermont 05753 MLS# 4997190

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For Sale Status

$1,200,000 List Price

Multi Type

9 Beds

7 Baths

5,497 Sqft

Listed By Sarah Peluso of IPJ Real Estate
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Addison County

111 South Main Street
111 South Main Street
111 South Main Street
111 South Main Street
111 South Main Street
Unit One Bedroom Unit One Bedroom
Unit One Living Room Unit One Living Room
Unit One kitchen Unit One kitchen
Unit Two First Bedroom area Unit Two First Bedroom area
Unit Two Porch Unit Two Porch
Unit Two Living Space Unit Two Living Space
Unit Two Kitchen Unit Two Kitchen
Unit Two looking to entry Unit Two looking to entry
Unit Two Living Room Unit Two Living Room
Unit Two Kitchen Unit Two Kitchen
Unit Two Kitchen Nook Unit Two Kitchen Nook
Unit Two Bedroom Unit Two Bedroom
Unit Three Living Room Unit Three Living Room
Unit 3 Kitchen Unit 3 Kitchen
Unit Three Bedroom Unit Three Bedroom
Unit Three Bedroom Unit Three Bedroom
Unit Three Bathroom Unit Three Bathroom
Unit Three Bedroom Unit Three Bedroom
Unit Three Bedroom Unit Three Bedroom
Unit Four Living Room Unit Four Living Room
Unit Four Living Room Unit Four Living Room
Unit Four Kitchen Unit Four Kitchen
Unit Four Bedroom Unit Four Bedroom
Unit Five Bedroom Unit Five Bedroom
Unit Five Bathroom Unit Five Bathroom
Unit Five Bathroom Unit Five Bathroom
Unit Five Kitchen Unit Five Kitchen
Unit Five Living Room Unit Five Living Room
Unit 6 Living room Unit 6 Living room
Unit Six Bedroom Unit Six Bedroom
Unit 6 Bedroom Unit 6 Bedroom
Unit 6 Eat in Kitchen Unit 6 Eat in Kitchen
Unit 6 Kitchen Unit 6 Kitchen
Unit 6 Bath Unit 6 Bath
Shared Porch Shared Porch

What a location! Just down the street from Middlebury College and historic downtown Middlebury, this incredible investment property is ready for new owners. With a total of 9 bedrooms among six units, the structure retains a lot of its original charm. Several exterior porches allow for outdoor living space and hardwood floors and handsome woodwork appear in the main entry and within some units. Many updates have been done to make it easy to just purchase and go! A brand new sprinkler system was just installed, along with a new natural gas boiler. Most of the units have been freshly painted, and all are currently rented. A list of many recent improvements is attached to the listing. If you are looking for an investment property that is turn key- this might just be the one!

Property Location

111 South Main Street Middlebury

Property Details

List Price  1,200,000 Bedrooms  9 Garage Size  0 Car
Cooperation Fee  Unknown Total Bathrooms  7 Year Built  1873
MLS#  4997190 Lot Size  0.39 Acres Taxes $10,852
Type  Multi-Family Days on Market  53 Days Tax Year 2023
Units  6 Stories  1/2/1900 Road Frontage  124
Annual Income  $96,000 Style   Water Frontage  
Annual Expenses  $0 Finished  5,497 Sqft Construction  No, Existing
Zoning   Residential-12 Above Grade  5,497 Sqft Seasonal  No
Total Rooms  9 Below Grade  0 Sqft List Date  May 24th, 2024
Gross Income  $96,000 Operating Expenses  $0 Net Income  $54,300
Expenses Includes 
Unit 1   2 Beds, 1 Baths, 675 SqFt, $1,000/Monthly Unit 2   2 Beds, 2 Baths, 1,057 SqFt, $2,100/Monthly
Unit 3   1 Beds, 1 Baths, 859 SqFt, $1,000/Monthly Unit 4   1 Beds, 1 Baths, 458 SqFt, $1,000/Monthly
Unit 5   2 Beds, 1 Baths, 686 SqFt, $1,800/Monthly Unit 6   1 Beds, 1 Baths, 523 SqFt, $1,100/Monthly
Construction
BasementInterior, Unfinished, Bulkhead
Interior Features
Exterior Features
Exterior   Disability Features  
Foundation  Stone House Color  White
Floors  Vinyl, Carpet, Hardwood Building Certifications  
Roof  Slate HERS Index  
DirectionsFrom the rotary in the center of Middlebury, travel south on South Main Street/VT Route 30. Follow for .2 miles and property will be on the left.
Lot Description, Village
Garage & Parking  No, Driveway
Road Frontage  124 Water Access  
Driveway  Gravel Water Type  
Flood Zone  No Water Body  
Zoning  Residential-12
School District  Addison Central Middle  Middlebury Union Middle #3
Elementary  Mary Hogan School High  Middlebury Senior UHSD #3
Heat Fuel   Excluded  
Heating/Cool  None, Hot Water Negotiable  
Sewer  Public Parcel Access ROW  
Water   ROW for Other Parcel  
Water Heater   Financing  
Cable Co  XFinity Available Documents  Property Disclosure, Deed, Property Disclosure, Tax Map
Electric  Circuit Breaker Tax ID  387-120-12759
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† The remarks published on this webpage originate from Listed By Sarah Peluso of IPJ Real Estate via the PrimeMLS IDX Program and do not represent the views and opinions of Coldwell Banker Hickok & Boardman. Coldwell Banker Hickok & Boardman cannot be held responsible for possible violations of copyright resulting from the posting of any data from the PrimeMLS IDX Program.