7 Southerberry Drive Milton, Vermont 05468 MLS# 4915486

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Sold Status

$425,000 Sold Price

Multi Type

2 Beds

4 Baths

5,000 Sqft

Listed By The Signature Realty Group of Signature Properties of Vermont
Sold By Ridgeline Real Estate

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7 Southerberry Drive

This Turn Key Mixed Use Investment Building Is Perfect For Your Portfolio! Two larger commercial units below totaling almost 3,600 sqft of open and creative space currently leased together as a dance studio but can be separated for greater flexibility very easily when current tenants lease expires. Upstairs you will find two nicely sized and attractive 1BR apartments that are also currently rented and tenant occupied. Both units have their own private storage area for additional storage needs on ground level. Plenty of on site parking and common area parking for many different business opportunities you could explore with a property like this! Solid building and PUD amenities make this investment easy to manage with great numbers even though they are currently under the going market rate. Commercial space in this area goes for around $1.00 per sqft. This zoning district offers a lot of great opportunities for your business while bringing in additional residential rental income! What a great ROI this could be for you! You don't find opportunities like this one very often for this price so take advantage while you can!

Property Location

7 Southerberry Drive Milton

Property Details

Sold Price  $425,000 Sold Date  Jun 15th, 2023
MLS#  4915486 Bedrooms  2 Garage Size   Car
List Price  449,900 Total Bathrooms  4 Year Built  2009
Type  Multi-Family Lot Size   Acres Taxes $6,245
Units  4 Stories  2 Road Frontage  
Annual Income  $48,600 Style  Apartment Building Water Frontage  
Annual Expenses  $0 Finished  5,000 Sqft Construction  No, Existing
Zoning   M4-C Above Grade  5,000 Sqft Seasonal  No
Total Rooms  2 Below Grade  0 Sqft List Date  Jun 14th, 2022
Gross Income  $48,600 Operating Expenses  $0 Net Income  $0
Expenses Includes 
Unit 1   0 Beds, 1 Baths, 1,800 SqFt, $1,025/Monthly Unit 2   0 Beds, 1 Baths, 1,800 SqFt, $1,100/Monthly
Unit 3   1 Beds, 1 Baths, 800 SqFt, $925/Monthly Unit 4   1 Beds, 1 Baths, 800 SqFt, $1,000/Monthly
ConstructionWood Frame
Interior Features
Exterior Features
Exterior  Vinyl, Metal Disability Features  
Foundation  Slab w/Frst Wall House Color  Red
Floors   Building Certifications  
Roof  Shingle-Architectural HERS Index  
Lot DescriptionUnknown, PRD/PUD, Privately Maintained
Garage & Parking  No, ,
Road Frontage   Water Access  
Driveway  Paved, Common/Shared Water Type  
Flood Zone  No Water Body  
Zoning  M4-C
School District  NA Middle  
Elementary   High  
Heat Fuel   Excluded  
Heating/Cool  None, Forced Air, Monitor Type Negotiable  
Sewer  Public Parcel Access ROW  
Water  Public ROW for Other Parcel  
Water Heater  Tank Financing  
Cable Co   Documents  Association Docs
Electric  Circuit Breaker Tax ID  396-123-14593

† The remarks published on this webpage originate from Listed By The Signature Realty Group 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.