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Excellent opportunity to invest in a well-maintained and updated apartment house in a college town. Many improvements over the years include: new kitchens, new appliances, some new flooring, some refinished flooring, replaced siding & trim/roof, rebuilt all porches. Added spray foam insulation in many areas, some spaces gutted to studs and updated. Converted to natural gas heating (rented burner), repointed chimney from the roofline and added chimney cap, paved the driveway, enclosed a mudroom for 1st floor apartment, graded the lawn, added a partial fence for privacy, added drainage around the house. The two car detached garage has been spray foam insulted, new roof, propane heat and two newer garage doors (one with automatic opener) and three sides have been replaced with fiberboard siding. House was pre-inspected and several plumbing and electrical issues have been or will be corrected. State of Vermont Fire Safety Inspection scheduled for 1/13, EMP compliant. Owner is listing broker. Showings BEGIN on THURSDAY, JANUARY 6th. Seller would prefer to rent back the garage until end of summer 2022. †
Property Location
41 Exchange Street Middlebury
Property Details
Sold Price $425,000
Sold Date Apr 18th, 2022
MLS# 4894443
Bedrooms 5
Garage Size 2 Car
List Price 420,000
Total Bathrooms 2
Year Built 1890
Type Multi-Family
Lot Size 0.1900 Acres
Taxes $5,418
Units 2
Stories 3
Road Frontage 76
Annual Income $31,800
Style Duplex, Near Public Transportatn
Water Frontage
Annual Expenses $0
Finished 2,278 Sqft
Construction No, Existing
Zoning VRC
Above Grade 2,278 Sqft
Seasonal No
Total Rooms 5
Below Grade 0 Sqft
List Date Jan 4th, 2022
Gross Income $31,800
Operating Expenses $0
Net Income $0
Expenses Includes
Unit 1 3 Beds, 1 Baths, 1,394 SqFt, $1,300/Monthly
DirectionsFrom the center of Middlebury, take Seymour Street to the Stop sign. Cross the intersection onto Exchange Street, first house on left after Greg's Market. From Route 7 north, turn onto Exchange Street. Follow nearly to the end. Last house on right before intersection with Elm St. Sign.
Lot Description, Trail/Near Trail, Level, City Lot, Trail/Near Trail, Near Bus/Shuttle, Near Railroad, Business District, Village, Village, Near Railroad, Near Hospital, Windows - Double Pane
Garage & Parking Yes, Auto Open, Storage Above, Heated, Unassigned, , On Site, Assigned, 6+ Parking Spaces, Parking Spaces 6+
† 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.