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98 Court Street Middlebury, Vermont 05753

$339,000 Price
Multi Type
4 Beds
3 Baths
2,335 Sqft

Listed By Jeff Olson of Addison County Real Estate

Previous photosNext photos
Profitable buildingProfitable building
Huge parking lotHuge parking lot
Unit 1 living roomUnit 1 living room
Unit 1 bedroomUnit 1 bedroom
Unit 1 kitchenUnit 1 kitchen
Unit 2 living roomUnit 2 living room
Unit 2 living roomUnit 2 living room
Unit 2 bedroomUnit 2 bedroom
Unit 2 kitchenUnit 2 kitchen
Unit 2 bathroomUnit 2 bathroom
Unit 3 living roomUnit 3 living room
Unit 3 kitchenUnit 3 kitchen
Unit 3 utility sinkUnit 3 utility sink
Unit 3 bedroomUnit 3 bedroom
Unit 3 bedroomUnit 3 bedroom
Building coin-op washer and dryer for extra incomeBuilding coin-op washer and dryer for extra income
Newer windows; well maintainedNewer windows; well maintained

Questions or Comments

Property Location

Contact a local mortgage provider today to get pre-approved.

Call: (802)879-8790 Option 1 x2052
NMLS# 446767

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Addison County

Addison County is situated in the gently rolling countryside of farms and woodlands in the lower Champlain Valley. Bordered by the Adirondacks to the west and the Green Mountains to the east there is something to do throughout all four seasons....

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Multi-Family Home

EXTREMELY WELL KEPT 3-unit building that's been in the same hands for 26 years. Repurposed and remodeled in 2014 and fully leased, this building is a money maker. It's in a great location less than a mile from downtown, and the Middlebury rental market remains strong. New individual water heaters for each unit were installed a few years ago, and each unit sports a brand new furnace--fueled by natural gas--installed in the summer of 2018. Best, this building sits on 1.2 acres, making expansion a possibility.

Essentials

MLS#  4729933Bedrooms  4Garage Size   Car
List Price  339,000Total Bathrooms  3Year Built  1950
Type  Multi-FamilyLot Size  1.2000 AcresTaxes $7,727
Units  3Stories  2Road Frontage  
Annual Income  $0Style  Walkout Lower Level, Walkout Lower LevelWater Frontage  
Annual Expenses  $0Finished  2,335 SqftConstruction  No, Existing
Zoning   VRCAbove Grade  1,547 SqftSeasonal  No
Total Rooms  Below Grade  788 SqftList Date  Dec 7th, 2018

Expenses

Total Expenses  $0Insurance  $0
Water & Sewer  $0Taxes  $0
Trash  $0Miscellaneous  $0
Maintenance  $0 Association Dues  $0
Rent Includes 

Unit Size & Rent

Unit 1   1 Beds, 1 Baths, 728 SqFt, $900/Mo Unit 2   1 Beds, 1 Baths, 728 SqFt, $950/Mo
Unit 3   2 Beds, 1 Baths, 788 SqFt, $1,050/Mo

Building/Construction

ConstructionWood Frame
BasementInterior, Full
Interior Features
Exterior Features
Exterior  Wood, ClapboardDisability Features  
Foundation  Block, Poured ConcreteHouse Color  
Floors  Vinyl, CarpetBuilding Certifications  
Roof  Shingle-Asphalt HERS Index  

Property

Lot DescriptionUnknown, City Lot, Major Road Frontage, Neighbor Business, Sidewalks, Business District
Garage & Parking  No, , , Unpaved, 6+ Parking Spaces, Off Street
Road Frontage  Water Access  
Driveway  GravelWater Type  
Flood Zone  UnknownWater Body  
Zoning  VRC

Schools

School District  Addison CentralMiddle  Middlebury Union Middle #3
Elementary  Mary Hogan SchoolHigh  Middlebury Senior UHSD #3

Utilities & Other

Heat Fuel  Excluded  
Heating/Cool  None, Individual, Individual, Programmable ThermostatNegotiable  
Sewer  PublicParcel Access ROW  
Water  Public, Metered ROW for Other Parcel  
Water Heater  Electric, SeparateFinancing  
Cable Co  Documents  
Electric  Circuit BreakerTax ID  38712010058
DirectionsFrom the center of Middlebury, head south on Route 7 (Court St.). Building on right about 7/10 of a mile down.
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† The remarks published on this webpage originate from Jeff Olson of Addison County Real Estate via the NNEREN IDX Program and do not represent the views and opinions of Coldwell Banker Hickok & Boardman Realty. 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.