70 Railroad Street Milton, Vermont 05468 MLS# 5008231

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Under Contract Status

$299,000 List Price

Multi Type

3 Beds

2 Baths

1,422 Sqft

Listed By Lipkin Audette Team of Coldwell Banker Hickok & Boardman - (802) 846-8800
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Milton

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Milton Duplex

Discover the appeal of this Milton duplex, featuring a comfortable 2-bedroom apartment on the first floor with a large enclosed porch, spacious kitchen, ample closet space, and a convenient 3/4 bath. Tenants enjoy the covered outdoor patio at the back, perfect for relaxing. The second floor offers a 1-bedroom unit with a generous living room, storage space, and a 3/4 bath. Both units have separate utilities and benefit from ample on-site parking. The property includes a backyard shed for lawn and garden equipment, plus a roomy yard ideal for lawn games or future gardens. With month-to-month leases and potential for rental increases, this duplex is ready for investor or owner occupier buyers. Conveniently located just minutes to all of Milton's amenities and less than 30 minutes to Burlington.

Cooperation Fee - 2.5%

The Seller(s) of this property has authorized the Listing Agency/Agent to offer a Cooperation Fee or Seller Concession toward Buyers’ closing costs in the amount of 2.5% with accepted terms of an offer. This fee is offered to Buyer’s Agents and Broker’s Agents. This fee must be agreed to in writing within the terms of the Purchase & Sale Contract or in a fully executed Commission Allocation Agreement or Cooperation Agreement between the brokerage firms; and will be paid at closing.

Property Location

70 Railroad Street Milton

Property Details

Contract Date  Aug 13th, 2024
List Price  299,000 Bedrooms  3 Garage Size   Car
Cooperation Fee  2.5% Total Bathrooms  2 Year Built  1850
MLS#  5008231 Lot Size  0.53 Acres Taxes $4,528
Type  Multi-Family Days on Market  38 Days Tax Year 2023
Units  2 Stories  2 Road Frontage  
Annual Income  $26,400 Style   Water Frontage  
Annual Expenses  $0 Finished  1,422 Sqft Construction  No, Existing
Zoning   Res Above Grade  1,422 Sqft Seasonal  No
Total Rooms  3 Below Grade  0 Sqft List Date  Aug 5th, 2024
Gross Income  $26,400 Operating Expenses  $0 Net Income  $15,552
Expenses Includes 
Unit 1   1 Beds, 1 Baths, $800/Monthly Unit 2   2 Beds, 1 Baths, $1,400/Monthly
Construction
BasementWalk-up, Unfinished, Bulkhead
Interior Features
Exterior Features
Exterior   Disability Features  
Foundation  Brick, Concrete, Stone House Color  Gray
Floors  Vinyl, Carpet, Laminate Building Certifications  
Roof  Metal HERS Index  
DirectionsFrom Route 7, veer right onto Railroad Street, property on right.
Lot Description, Shed
Garage & Parking  No
Road Frontage   Water Access  
Driveway  Gravel Water Type  
Flood Zone  Unknown Water Body  
Zoning  Res
School District  Milton Middle  Milton Jr High School
Elementary  Milton Elementary School High  Milton Senior High School
Heat Fuel  , Gas-Lp/Bottle Excluded  
Heating/Cool  None, Baseboard, Wall Units Negotiable  
Sewer  Public Parcel Access ROW  
Water   ROW for Other Parcel  
Water Heater   Financing  
Cable Co   Documents  
Electric  Circuit Breaker Tax ID  396-123-13780
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✱ If you engage a brokerage firm to represent you in a real estate transaction, you are responsible for compensating the firm according to the terms of your brokerage service agreement. Compensation to be paid under a brokerage service agreement is solely and entirely a matter of negotiation between an agent and client and is in no way controlled, fixed, or pre-established. Historically, cooperation fees were published in the Multiple Listing Service (MLS) for each Listing. Recent changes to the rules, prohibit the publication of these fees in the MLS but allow the display on a brokerage's website for their Clients' listings.