For Sale Status
$697,000 List Price
Multi Type
5 Beds
3 Baths
3,120 Sqft
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Addison County
Collect $5840 per month from fully leased apartments ! Historic Victorian Multifamily Home in Downtown Middlebury, VT Discover a piece of history with this charming Victorian multifamily home, built in 1840, located in the heart of downtown Middlebury. This well-maintained property features three distinct units: a 1-bedroom and a 2-bedroom on the ground level, and a spacious 2-bedroom with large bonus rooms on the upper floors. All apartments are fully leased with quality tenants generating $5840 income per month. All tenants have an on time payment history. Property Highlights Investment Opportunity: This property offers a solid return on investment in a high-demand rental market. Recent Upgrades: Enjoy modern living with renovated lower-level apartments with open concept designs, blending contemporary comfort with historic charm. Prime Location: Situated within walking distance to local shops, restaurants, and cultural attractions, making it highly desirable for tenants. Well-Maintained: The property has been carefully maintained to preserve its historic character while incorporating modern amenities. This is a rare opportunity to own a historic gem in Middlebury, offering both stability and growth potential. Don't miss out on this exceptional investment in a vibrant community. For more information or to schedule a viewing, contact us today! †
Property Location
Property Details
List Price 697,000 | Bedrooms 5 | Garage Size Car |
---|---|---|
Cooperation Fee Unknown | Total Bathrooms 3 | Year Built 1840 |
MLS# 4999633 | Lot Size 0.2 Acres | Taxes $7,039 |
Type Multi-Family | Days on Market 152 Days | Tax Year 2024 |
Units 3 | Stories 1/2/1900 | Road Frontage 82 |
Annual Income $64,680 | Style | Water Frontage |
Annual Expenses $0 | Finished 3,120 Sqft | Construction No, Existing |
Zoning GC-General Comm | Above Grade 3,120 Sqft | Seasonal No |
Total Rooms 5 | Below Grade 0 Sqft | List Date Jun 9th, 2024 |