45 Court St.(Route 7) Street Middlebury, Vermont 05753 MLS# 4999647

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For Sale Status

$725,000 List Price

House Type

6 Beds

3 Baths

3,120 Sqft

Listed By Deborah Fortier of KW Vermont
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Addison County

45 Court St.(Route 7) Street
45 Court St.(Route 7) Street
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One Bedroom Unit B One Bedroom Unit B
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Listed as a Multifamily under MLS#499633. Great investment opportunity- Live in one of the units and let the other two pay some of your mortgage. Historic Victorian multifamily home in downtown Middlebury, built in 1840. This charming three-unit property includes a 1-bedroom, a 2-bedroom, and a 3-bedroom apartment, all with excellent rental histories. A great investment with a Cap rate over 6%. Recent upgrades include new laminate floors and an open concept apartment design. Located within walking distance to local shops, restaurants, and cultural attractions. Well-maintained with modern amenities while retaining its historic charm. Great investment opportunity in a high-demand rental market. All units occupied with high quality tenants. The lead paint IRC certifications are up to date. Full occupancy rental history. Fire & Saftey inspection scheduled. Zoned General Commercial---single family, multifamily and commercial retail all possible.

Property Location

45 Court St.(Route 7) Street Middlebury

Property Details

List Price  $725,000 Total Rooms  15 List Date  Jun 9th, 2024
MLS#  4999647 Lot Size  0.200 Acres Taxes $7,039
Type  House Stories  3 Road Frontage  82
Bedrooms  6 Style   Water Frontage  
Full Bathrooms  3 Finished  3,120 Sqft Construction  No, Existing
3/4 Bathrooms  0 Above Grade  3,120 Sqft Seasonal  No
Half Bathrooms  0 Below Grade  0 Sqft Year Built  1840
1/4 Bathrooms  0 Garage Size   Car County  Addison
Interior FeaturesDining Area, Kitchen Island, Kitchen/Dining, Laundry Hook-ups, Living/Dining, Laundry - 1st Floor, Laundry - 2nd Floor
Equipment & AppliancesWasher, Range-Gas, Dishwasher, Refrigerator, Dryer, Range-Electric, Microwave, Water Heater - Off Boiler, Vented Exhaust Fan, Wall AC Units, CO Detector, Dehumidifier, Smoke Detectr-Hard Wired, Mini Split
Construction
BasementInterior, Sump Pump, Concrete, No Tenant Access, Dirt, Interior Stairs, Interior Access
Exterior FeaturesDeck, Porch - Covered
Exterior   Disability Features  
Foundation  Stone House Color  blue
Floors  Vinyl, Carpet, Softwood, Laminate, Wood Building Certifications  
Roof  Slate, Shingle-Asphalt HERS Index  
DirectionsOn the East side of US Rt7 (Court St) just north of the Sunoco station.
Lot DescriptionYes
Garage & Parking  Driveway, Off Street, On-Site, Parking Spaces 3 - 5
Road Frontage  82 Water Access  
Suitable UseLand:Mixed, Mixed Use, Residential Water Type  
Driveway  Gravel Water Body  
Flood Zone  No Zoning  GC-General Commerical
School District  Addison Central Middle  Middlebury Union Middle #3
Elementary  Middlebury ID #4 School High  Middlebury Senior UHSD #3
Heat Fuel  Gas-Natural Excluded  Portable air conditioners owned by tenants
Heating/Cool  Mini Split, Multi Zone, Heat Pump, Baseboard Negotiable  
Sewer  Private Parcel Access ROW  Yes
Water   ROW for Other Parcel  Yes
Water Heater   Financing  
Cable Co  Comcast Documents  Plot Plan, Property Disclosure, Lease Agreements, Deed
Electric  100 Amp Tax ID  387-120-10420
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† The remarks published on this webpage originate from Listed By Deborah Fortier of KW Vermont 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.