30 Summer Street Northfield, Vermont 05663 MLS# 5015849

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For Sale Status

$224,000 List Price

Multi Type

2 Beds

2 Baths

1,296 Sqft

Listed By JC Earle of EXP Realty
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Washington County

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1st Floor Bedroom with large closet 1st Floor Bedroom with large closet
1st Floor Full Bath 1st Floor Full Bath
30 Summer Street

Great duplex in a nice Northfield village location. Low maintenance, turn key rental or owner occupy one unit and rent out the other. Granite counter tops in both kitchens! New kitchen in 1st floor apartment. New (2019) triple pain windows throughout (including proper egress), 2 new Rinnai heaters (2020), 2 new water heaters. Seller updated electrical, fixed plumbing and insulated basement. Previous ownerr jacked up building and poured new foundation, rebuilt floor system and installed standing seam roof. Quiet neighborhood with short walk to downtown Northfield. Town owned land on 3 of 4 sides. Lease out long term or furnish them and rent them out to visiting nurses at the walkable Mayo clinic. Most recent rental figures (7/24) were $1,175 per month 2nd floor unit and $1,070 1st floor unit (longer term tenant). Current projected long term market rent would be $1,250 or more including heat and electricity. Projected Furnished Finder would be $1,500 per unit per month including everything. The seller is the listing agent, a licensed real estate agent in VT. The property is in the Flood Zone. A recent quote obtained for potential buyers info was for $3,000 annual flood insurance yielding $250,000 worth of property coverage and $25,000 worth of lost rental income. Create steady income or get a leg onto the real estate ladder. Affordable utilities: Annual Water/Sewer = $1,157.37, Heat = $959.93 Electricity = $1,154.18. Utilities are easily separateds.

Property Location

30 Summer Street Northfield

Property Details

List Price  224,000 Bedrooms  2 Garage Size  0 Car
Cooperation Fee  Unknown Total Bathrooms  2 Year Built  1900
MLS#  5015849 Lot Size  0.25 Acres Taxes $3,241
Type  Multi-Family Days on Market  15 Days Tax Year 2024
Units  2 Stories  2 Road Frontage  160
Annual Income  $300,000 Style   Water Frontage  
Annual Expenses  $0 Finished  1,296 Sqft Construction  No, Existing
Zoning   Res B Above Grade  1,296 Sqft Seasonal  No
Total Rooms  2 Below Grade  0 Sqft List Date  Sep 25th, 2024
Gross Income  $300,000 Operating Expenses  $0 Net Income  $26,038
Expenses Includes 
Unit 1   1 Beds, 1 Baths, 648 SqFt, $0/Mo Unit 2   1 Beds, 1 Baths, 648 SqFt, $0/Mo
Construction
BasementWalk-up, Bulkhead, Concrete, Unfinished, Sump Pump, Exterior Stairs, Sump Pump, Unfinished, Exterior Access
Interior Features
Exterior Features
Exterior   Disability Features  
Foundation  Concrete House Color  Brown
Floors  Softwood Building Certifications  
Roof  Metal HERS Index  
DirectionsFrom Depot Square in the Center of Northfield Village, take WallStreet (off the southwest corner of the Square). Go over the bridgeand take immediate left onto Water Street. Turn right on Summer St.30 Summer is the first building on your right.
Lot DescriptionUnknown, Windows - Triple Pane
Garage & Parking  No
Road Frontage  160 Water Access  
Driveway  Gravel Water Type  
Flood Zone  Yes Water Body  
Zoning  Res B
School District  Northfield School District Middle  Northfield Middle High School
Elementary  Northfield Elementary School High  Northfield High School
Heat Fuel  , Gas-Lp/Bottle Excluded  
Heating/Cool  None, Wall Units Negotiable  
Sewer  Public Parcel Access ROW  No
Water   ROW for Other Parcel  
Water Heater   Financing  
Cable Co  Transvideo Documents  
Electric  200 Amp Tax ID  441-139-10151
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† The remarks published on this webpage originate from Listed By JC Earle of EXP Realty via the PrimeMLS IDX Program and do not represent the views and opinions of Coldwell Banker Hickok & Boardman. Coldwell Banker Hickok & Boardman cannot be held responsible for possible violations of copyright resulting from the posting of any data from the PrimeMLS IDX Program.