For Sale Status
$520,000 List Price
Multi Type
4 Beds
3 Baths
3,082 Sqft
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Washington County
Investment Alert
Dive into an extraordinary opportunity with this beautifully transformed triplex! Meticulously renovated down to the studs, every element has been upgraded, featuring brand-new mechanical systems, top-notch insulation, complete basement waterproofing, and modern drywall. With the addition of a fabulous skylight and other fine details, these units are primed to be irresistibly charming! Here's the icing on the cake: perched high on the desirable east side of State Street, this property has remained unfazed by the flooding that has affected much of Montpelier over the past two years. There is a significant shortage of livable rental properties in the vibrant downtown area. Seize this unique chance to tap into that high demand! Currently, the renovation is about 85% complete, leaving some work needed to bring this unique building to its final form. Sold "as is, where is" it is an exciting canvas ready for your vision! Showings begin Friday 11/8.
• Renovation about 85% complete
• 3 units
• 1 two-bedroom & 2 one-bedroom units
• Top-notch insulation
• Basement waterproofing
• Brand-new mechanical systems
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
Property Details
List Price 520,000 | Bedrooms 4 | Garage Size Car |
---|---|---|
Cooperation Fee 2.5% | Total Bathrooms 3 | Year Built 1871 |
MLS# 5021048 | Lot Size 0.1 Acres | Taxes $6,163 |
Type Multi-Family | Days on Market 37 Days | Tax Year 2024 |
Units 3 | Stories 3 | Road Frontage 60 |
Annual Income $62,000 | Style | Water Frontage |
Annual Expenses $0 | Finished 3,082 Sqft | Construction No, Existing |
Zoning Mixed Use | Above Grade 3,082 Sqft | Seasonal No |
Total Rooms 4 | Below Grade 0 Sqft | List Date Nov 4th, 2024 |