Back to Search ResultsSold Status
$365,000 Sold Price
Multi Type
7 Beds
9 Baths
4,576 Sqft
Sold By Emilo Real Estate, LLC
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Addison County
Prime location and this is an investment opportunity that works financially whether you are an owner occupant or strictly renting all the units out. The farmhouse (c. 1810) has been updated and renovated into 3 one-bedroom apartments. Two on the first floor and one on the second floor. Shared heating system, separate electric. Huge front porch, nice back yard, comfortable apartments. The "shop" building includes a garage/workshop in the center and a one-bedroom apartment and a 3 room office. The "Farmhouse" building and the "shop" building share a mound system (permitted in 2011, WW-9-1493) and well and the main house has a separate system and drilled well. The main house was built in 1982. It's a passive solar design and has a nice flow. Three bedrooms (one on each floor), master on main living level, loft area overlooking the living room and an enclosed porch. Rec room in the basement, lots of storage space, two carport spaces, fenced dog yard and west facing deck - sunsets! House is currently unoccupied, but would likely rent for $1500-$1800/month. †
Property Location
Property Details
| Sold Price $365,000 | Sold Date Nov 21st, 2019 | |
|---|---|---|
| MLS# 4775793 | Bedrooms 7 | Garage Size 1 Car |
| List Price 365,000 | Total Bathrooms 9 | Year Built 1930 |
| Type Multi-Family | Lot Size 2.5000 Acres | Taxes $12,015 |
| Units 5 | Stories 2 | Road Frontage 331 |
| Annual Income $60,000 | Style Apartment Building, Bungalow, Chalet, Detached, Farmhouse, Multi-Level, Ranch | Water Frontage |
| Annual Expenses $0 | Finished 4,576 Sqft | Construction No, Existing |
| Zoning AR | Above Grade 4,576 Sqft | Seasonal No |
| Total Rooms 7 | Below Grade 0 Sqft | List Date Sep 10th, 2019 |
| Gross Income $60,000 | Operating Expenses $0 | Net Income $29,895 |
|---|
| Expenses Includes |
|---|
| Unit 1 1 Beds, 1 Baths, 600 SqFt, $800/Monthly | Unit 2 1 Beds, 1 Baths, 920 SqFt, $900/Monthly |
|---|---|
| Unit 3 1 Beds, 1 Baths, 600 SqFt, $850/Monthly | Unit 4 1 Beds, 1 Baths, 420 SqFt, $700/Monthly |
| Unit 5 0 Beds, 1 Baths, 480 SqFt, $750/Monthly | Unit 6 3 Beds, 4 Baths, 2,008 SqFt, $0/Mo |
| ConstructionWood Frame |
|---|
| BasementWalkout, Unfinished, Full, Partially Finished, Bulkhead, Unfinished, Walkout |
| Interior Features |
| Exterior Features |
| Exterior Vinyl Siding, Wood Siding | Disability Features |
|---|---|
| Foundation Stone, Stone | House Color varies |
| Floors Vinyl, Carpet, Concrete | Building Certifications |
| Roof Shingle-Asphalt, Corrugated, Slate | HERS Index |
| DirectionsFrom the center of Middlebury, go south on Route 7. Go past the junction with Route 125 and past Three Mile Bridge Road. Property will be on the east side of the road. (Addresses for 3 buildings: 3749, 3751 & 3753). Shared driveway. |
|---|
| Lot DescriptionUnknown, Country Setting, Sloping, Rolling, Sloping, Walking Trails |
| Garage & Parking Yes, , , Paved, On Site, Paved |
| Road Frontage 331 | Water Access |
|---|---|
| Driveway Paved, Common/Shared | Water Type |
| Flood Zone No | Water Body |
| Zoning AR |
| School District Addison Central | Middle Middlebury Union Middle #3 |
|---|---|
| Elementary Mary Hogan School | High Middlebury Senior UHSD #3 |
| Heat Fuel , Electric, Gas-Lp/Bottle, Wood, Oil | Excluded |
|---|---|
| Heating/Cool None, Hot Water, Furnace - Wood/Oil Combo | Negotiable |
| Sewer Mound, Leach Field, Septic, Concrete, Septic | Parcel Access ROW |
| Water Drilled Well | ROW for Other Parcel |
| Water Heater Electric | Financing |
| Cable Co | Documents Deed, Property Disclosure, State Wastewater Permit |
| Electric Circuit Breaker | Tax ID 387-120-10259 |
† The remarks published on this webpage originate from Listed By Amey Ryan of IPJ Real Estate 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.
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