223 & 227-229 Railroad Street Milton, Vermont 05468

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For Sale Status
$689,900 Price
Multi Type
8 Beds
3 Baths
4,100 Sqft
Listed By Hank Gintof Jr. of Signature Properties of Vermont

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Milton is a small town located in northern Chittenden County on the shores of Lake Champlain. It is a fifteen minute drive north of Burlington, Vermont’s largest city. Milton is the home of seven waterfalls, which provide a powerful source to...

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FANTASTIC INVESTMENT OPPORTUNITY! Two separate parcels with 3 single family homes that can be merged together to create up to 21 residential units and 7.200 sq. ft. of commercial space in high rise. OR 12 residential units with 8,000 sq. ft. of commercial space. No permits in hand. MANY OPTIONS FOR AN INVESTOR/DEVELOPER EXIST! Town water/sewer and natural gas make utilities affordable and easy. LOCATED ACROSS FROM SHOPPING CENTER AND SO CLOSE TO EVERYTHING! SEE UPLOADED DOCUMENTS FOR ENGINEER ANALYSIS AND OTHER INFO. ZONING: DOWNTOWN BUSINESS DISTRICT DB-1. FIRST FLOOR - COMMERCIAL. UPPER FLOOR - RESIDENTIAL. *Owner is a licensed VT Realtor

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Property Details

MLS#  4826700 Bedrooms  8 Garage Size  6 Car
List Price  689,900 Total Bathrooms  3 Year Built  1930
Type  Multi-Family Lot Size  0.8700 Acres Taxes $9,728
Units  3 Stories  2 Road Frontage  
Annual Income  $55,500 Style  Detached, Multi-Family Water Frontage  
Annual Expenses  $0 Finished  4,100 Sqft Construction  No, Existing
Zoning   DB-1 Business District Above Grade  4,100 Sqft Seasonal  No
Total Rooms  8 Below Grade  0 Sqft List Date  Sep 2nd, 2020
Gross Income  $55,500 Operating Expenses  $0 Net Income  $0
Expenses Includes 
Unit 1   2 Beds, 1 Baths, 1,000 SqFt, $1,475/Monthly Unit 2   3 Beds, 1 Baths, 1,600 SqFt, $1,350/Monthly
Unit 3   3 Beds, 1 Baths, $1,800/Annually
ConstructionWood Frame
BasementInterior, Unfinished, Interior Access, Exterior Access
Interior Features
Exterior Features
Exterior  Wood Siding Disability Features  
Foundation  Concrete House Color  
Floors   Building Certifications  
Roof  Shingle-Other HERS Index  
DirectionsRte 7 to Railroad Street. First 3 houses on left.
Lot Description, Level
Garage & Parking  Yes, ,
Road Frontage   Water Access  
Driveway  Common/Shared Water Type  
Flood Zone  No Water Body  
Zoning  DB-1 Business District
School District  Milton Middle  Milton Jr High School
Elementary  Milton Elementary School High  Milton Senior High School
Heat Fuel  , Oil Excluded  
Heating/Cool  None, Hot Air Negotiable  
Sewer  Public Parcel Access ROW  
Water  Public ROW for Other Parcel  
Water Heater  Owned Financing  
Cable Co   Documents  
Electric  Circuit Breaker Tax ID  39612312653

† The remarks published on this webpage originate from Listed By Hank Gintof Jr. of Signature Properties of 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.