03 Cedar Street Montpelier, Vermont 05602 MLS# 4844293

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Sold Status

$1,200,000 Sold Price

Multi Type

12 Beds

6 Baths

7,919 Sqft

Listed By Craig Santenello of Vermont Life Realtors
Sold By Lipkin Audette Team of Coldwell Banker Hickok and Boardman
✉ 🖶

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03 Cedar Street

This offering represents a rare opportunity to own a newly built apartment building in the heart of Montpelier. Constructed in 2015, all six of the 2 bedroom units are complete with the amenities that renters cant resist: central A/C, in-unit laundry, covered off street parking, private deck, sound dampening walls, natural light, western exposure, energy efficiency, storage space and views. As an investor, every dollar spent needs to justify itself. The new construction and location of this 5 year old building is positioned to garner higher rental rates, better tenants, and stronger loyalty while at the same time providing the security of static maintenance costs for years to come. †

Property Location

03 Cedar Street Montpelier

Property Details

Sold Price  $1,200,000 Sold Date  Apr 16th, 2021
MLS#  4844293 Bedrooms  12 Garage Size  5 Car
List Price  1,199,000 Total Bathrooms  6 Year Built  2015
Type  Multi-Family Lot Size  0.2100 Acres Taxes $24,894
Units  6 Stories  3 Road Frontage  68
Annual Income  $0 Style  Apartment Building Water Frontage  
Annual Expenses  $0 Finished  7,919 Sqft Construction  No, Existing
Zoning   HDR Above Grade  7,620 Sqft Seasonal  No
Total Rooms  12 Below Grade  299 Sqft List Date  Jan 16th, 2021
Gross Income  $0 Operating Expenses  $0 Net Income  $0
Expenses Includes 
Unit 1   2 Beds, 1 Baths, 1,250 SqFt, $1,600/Monthly Unit 2   2 Beds, 1 Baths, 1,250 SqFt, $1,625/Monthly
Unit 3   2 Beds, 1 Baths, 1,250 SqFt, $1,750/Monthly Unit 4   2 Beds, 1 Baths, 1,250 SqFt, $1,750/Monthly
Unit 5   2 Beds, 1 Baths, 1,250 SqFt, $1,750/Monthly Unit 6   2 Beds, 1 Baths, 1,250 SqFt, $1,750/Monthly
ConstructionWood Frame, Steel Frame
BasementWalkout, Concrete
Interior Features
Exterior Features
Exterior  Vinyl Disability Features  
Foundation  Poured Concrete House Color  
Floors  Tile Building Certifications  
Roof  Membrane HERS Index  
Directions
Lot Description, City Lot
Garage & Parking  Yes, , , Garage, Off Street, Assigned, 6+ Parking Spaces, Covered
Road Frontage  68 Water Access  
Driveway  Paved Water Type  
Flood Zone  No Water Body  
Zoning  HDR
School District  Montpelier School District Middle  Main Street Middle School
Elementary  Union Elementary School High  Montpelier High School
Heat Fuel  , Electric Excluded  
Heating/Cool  Mini Split, Electric, Mini Split Negotiable  
Sewer  Public Parcel Access ROW  
Water  Public ROW for Other Parcel  
Water Heater  Electric, Tank, Separate Financing  
Cable Co   Documents  Building Plans, Certificate CC/CO, Deed, Lease Agreements, Survey, Property Disclosure, Property Disclosure, State Wastewater Permit, Survey, Town Permit
Electric  Circuit Breaker Tax ID  405-126-10934
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† The remarks published on this webpage originate from Listed By Craig Santenello of Vermont Life Realtors 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.