374 Mead Lane Middlebury, Vermont 05753 MLS# 4897976

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Sold Status

$365,000 Sold Price

Multi Type

5 Beds

4 Baths

2,346 Sqft

Listed By Bonnie Gridley of RE/MAX North Professionals, Middlebury
Sold By IPJ Real Estate

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Are you looking for an investment opportunity in the Middlebury area? Maybe you’re looking for a place to be an owner occupant and use the rent to help pay your mortgage? If so, this could be the opportunity you have been looking for. Situated in the quiet neighborhood around Mead Lane, you have the advantage of Middlebury town water but the quietness of living outside of town. This 4-unit apartment building has a great rental history and is currently completely rented. Make an appointment to tour this property today to see if this is the right investment for you! †

Property Location

374 Mead Lane Middlebury

Property Details

Essentials

Sold Price $365,000		Sold Date Mar 18th, 2022
MLS# 4897976	Bedrooms 5	Garage Size Car
List Price 350,000	Total Bathrooms 4	Year Built 1970
Type Multi-Family	Lot Size 2.4000 Acres	Taxes $5,986
Units 4	Stories 1	Road Frontage
Annual Income $40,800	Style Multi-Family, Multi-Level, Raised Ranch, Split Entry	Water Frontage
Annual Expenses $0	Finished 2,346 Sqft	Construction No, Existing
Zoning HDR	Above Grade 1,296 Sqft	Seasonal No
Total Rooms 5	Below Grade 1,050 Sqft	List Date Feb 11th, 2022

Expenses

Gross Income $40,800	Operating Expenses $0	Net Income $28,053

Expenses Includes

Unit Size & Rent

Unit 1 1 Beds, 1 Baths, $775/Monthly	Unit 2 1 Beds, 1 Baths, $850/Monthly
Unit 3 2 Beds, 1 Baths, $850/Monthly	Unit 4 1 Beds, 1 Baths, $925/Monthly

Building

ConstructionWood Frame
BasementWalkout, Apartments, Assigned Storage, Concrete, Daylight, Storage Space, Locked Storage Space, Finished, Storage Space, Walkout
Interior Features
Exterior Features

Exterior Vinyl Siding	Disability Features
Foundation Poured Concrete, Slab - Concrete	House Color White
Floors Laminate, Concrete, Laminate	Building Certifications
Roof Corrugated	HERS Index

Property

DirectionsFrom Middlebury, take Quarry Road to Rt. 116. Go about 2 miles to the second access to Mead Lane. The property is about 1/2 a mile on the Left, sign on property.
Lot DescriptionUnknown, Trail/Near Trail, Subdivision, Country Setting, Subdivision, Trail/Near Trail, Near Bus/Shuttle
Garage & Parking No, , , Paved, Unpaved, On Site, Off Street, Unpaved

Road Frontage	Water Access
Driveway Paved, Gravel	Water Type
Flood Zone No	Water Body
Zoning HDR

Schools

School District Addison Central	Middle Middlebury Union Middle #3
Elementary Mary Hogan School	High Middlebury Senior UHSD #3

Utilities

Heat Fuel , Oil, Electric	Excluded
Heating/Cool None, Baseboard, Multi Zone, Individual, Hot Water	Negotiable
Sewer 1000 Gallon, Leach Field - Conventionl, On-Site Septic Exists	Parcel Access ROW
Water Public	ROW for Other Parcel
Water Heater Shared, Tank, Separate, On Demand, Off Boiler, Tank	Financing
Cable Co	Documents
Electric 100 Amp, Circuit Breaker	Tax ID 387-120-11050

† The remarks published on this webpage originate from Listed By Bonnie Gridley of RE/MAX North Professionals, Middlebury 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.