25 Lily Lane Morristown, Vermont 05661 MLS# 4787568

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Sold Status

$275,000 Sold Price

Multi Type

8 Beds

0 Baths

3,548 Sqft

Listed By Smith Macdonald Group of Coldwell Banker Carlson Real Estate
Sold By Coldwell Banker Carlson Real Estate
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Lamoille County

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25 Lily Lane

Highly sought after multi-family, in an ideal location. This well cared for, income producing property, is the perfect option for those looking to add to their portfolio. The property features long term tenants and market rate rentals. A strong cap rate adds to the appeal of this five unit building. There are low carrying costs and potential for additional incomes streams via on-site laundry and storage. Morrisville offers a strong economic hub of Lamoille County, therefore creating the need for good rental properties. Take advantage of this prime location, high cap rate and stable leases. †

Property Location

25 Lily Lane Morristown

Property Details

Sold Price  $275,000 Sold Date  Jun 16th, 2021
MLS#  4787568 Bedrooms  8 Garage Size   Car
List Price  325,000 Total Bathrooms  0 Year Built  1847
Type  Multi-Family Lot Size  0.9700 Acres Taxes $5,766
Units  5 Stories  2 Road Frontage  
Annual Income  $51,420 Style  Multi-Family Water Frontage  
Annual Expenses  $0 Finished  3,548 Sqft Construction  No, Existing
Zoning   Multi-Family Above Grade  3,548 Sqft Seasonal  No
Total Rooms  8 Below Grade  0 Sqft List Date  Dec 9th, 2019
Gross Income  $51,420 Operating Expenses  $0 Net Income  $35,678
Expenses Includes 
Unit 1   1 Beds, Baths, $0/Mo Unit 2   3 Beds, Baths, $0/Mo
Unit 3   1 Beds, Baths, $0/Mo Unit 4   2 Beds, Baths, $0/Mo
Unit 5   1 Beds, Baths, $0/Mo
ConstructionWood Frame
Basement, Crawl Space
Interior Features
Exterior Features
Exterior  Wood Siding Disability Features  
Foundation  Stone House Color  
Floors   Building Certifications  
Roof  Shingle-Asphalt HERS Index  
Directions
Lot Description, Level
Garage & Parking  No, ,
Road Frontage   Water Access  
Driveway  Gravel Water Type  
Flood Zone  No Water Body  
Zoning  Multi-Family
School District  Morristown School District Middle  Peoples Academy Middle Level
Elementary  Morristown Elementary School High  Peoples Academy
Heat Fuel  , Oil, Gas-Lp/Bottle Excluded  
Heating/Cool  None, Baseboard, Forced Air Negotiable  
Sewer  Public Parcel Access ROW  
Water  Public ROW for Other Parcel  
Water Heater  Tank, Oil Financing  
Cable Co   Documents  
Electric  Circuit Breaker Tax ID  414-129-10581
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† The remarks published on this webpage originate from Listed By Smith Macdonald Group of Coldwell Banker Carlson Real Estate 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.