27 Court Street Montpelier, Vermont 05602 MLS# 5021048

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For Sale Status

$520,000 List Price

Multi Type

4 Beds

3 Baths

3,082 Sqft

Listed By Len Gulino of Coldwell Banker Hickok & Boardman - (802)861-4752
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Washington County

27 Court Street
27 Court Street
Side of Building Side of Building
Parking in back of buidling Parking in back of buidling
First floor living room First floor living room
First floor looking toward LR First floor looking toward LR
Frist floor bedroom Frist floor bedroom
First floor bedroom First floor bedroom
First floor bathroom First floor bathroom
First floor bath cabinets First floor bath cabinets
First floor hallway First floor hallway
First floor First floor
Stairs to second floor Stairs to second floor
Second floor bedroom Second floor bedroom
Second floor living room Second floor living room
Second floor kitchen Second floor kitchen
Second floor apartment Second floor apartment
Second floor apartment Second floor apartment
Second floor hallway Second floor hallway
Second floor bedroom Second floor bedroom
View from second floor View from second floor
Second floor bedroom Second floor bedroom
Third floor skylight Third floor skylight
Staircase to second floor Staircase to second floor
New mechanicals New mechanicals
New water heaters New water heaters
Hardwood floors Hardwood floors
Third floor kitchen Third floor kitchen
Third floor living room Third floor living room
Third floor living room Third floor living room
Third floor kitchen Third floor kitchen
Third floor bath Third floor bath

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

27 Court Street Montpelier

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
Gross Income  $62,000 Operating Expenses  $0 Net Income  $0
Expenses Includes 
Unit 1   2 Beds, 1 Baths, $0/Mo Unit 2   1 Beds, 1 Baths, $0/Mo
Unit 3   1 Beds, 1 Baths, $0/Mo
Construction
BasementInterior, Interior Stairs, Full, Stairs - Interior, Stairs - Basement
Interior Features
Exterior Features
Exterior   Disability Features  
Foundation  Fieldstone House Color  
Floors   Building Certifications  
Roof  Shingle-Asphalt, Shingle - Asphalt HERS Index  
DirectionsHouse is located on east side or Court Street.
Lot DescriptionYes
Garage & Parking  No
Road Frontage  60 Water Access  
Driveway  Paved Water Type  
Flood Zone  Unknown Water Body  
Zoning  Mixed Use
School District  NA Middle  
Elementary   High  
Heat Fuel  , Propane, Forced Air Excluded  Tools, construction equipment & materials, appliances, & electronic equipment
Heating/Cool  None Negotiable  
Sewer  Public Sewer On-Site Parcel Access ROW  Yes
Water   ROW for Other Parcel  Yes
Water Heater   Financing  
Cable Co   Documents  
Electric  On-Site Tax ID  405-126-11587
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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.