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A license to print MONEY? Here it is! A 7 unit multi-family property with excellent rental history, this gorgeous Victorian has been well maintained by the same family owners for 56 years. Next door to the local landmark, Rustic Restaurant and Bar, (Please see MLS # 4868731), the owner’s intent is to sell both properties together. The listed price is for both properties conveying as a package. Priced to sell, this is an outstanding opportunity to pick up TWO operating; income-producing properties with great exposure right on busy Route 12 just two miles from Norwich University, 10 miles from the state capital and 15 miles to the only known floating bridge in North American. Deals like this do not come around often. Profit in the pocket! †
Property Location
467 VT Route 12 Northfield
Property Details
Sold Price $312,500
Sold Date Apr 4th, 2022
MLS# 4868703
Bedrooms 11
Garage Size Car
List Price 638,000
Total Bathrooms 8
Year Built 1882
Type Multi-Family
Lot Size 2.0000 Acres
Taxes $8,256
Units 7
Stories 3
Road Frontage 330
Annual Income $42,296
Style Victorian
Water Frontage
Annual Expenses $0
Finished 6,198 Sqft
Construction No, Existing
Zoning Mixed - Use
Above Grade 6,198 Sqft
Seasonal No
Total Rooms 11
Below Grade 0 Sqft
List Date Jun 23rd, 2021
Gross Income $42,296
Operating Expenses $0
Net Income $19,964
Expenses Includes
Unit 1 2 Beds, 1 Baths, $500/Monthly
Unit 2 2 Beds, 1 Baths, $500/Monthly
Unit 3 1 Beds, 1 Baths, $475/Monthly
Unit 4 3 Beds, 2 Baths, $400/Monthly
Unit 5 1 Beds, 1 Baths, $525/Monthly
Unit 6 1 Beds, 1 Baths, $500/Monthly
Unit 7 1 Beds, 1 Baths, $500/Monthly
ConstructionWood Frame
BasementInterior, Other
Interior Features
Exterior Features
Exterior Clapboard
Disability Features
Foundation Stone
House Color Tan
Floors Vinyl, Carpet, Hardwood
Building Certifications
Roof Membrane
HERS Index
DirectionsFrom exit 5 I89 take VT-64w for 2.7 miles. Take right onto VT 12N for 3.7 miles. The property will be on the left. From Montpelier take VT 12S for 8.1 miles. The property will be on the right.
Lot Description, Level, Rural Setting
Garage & Parking No, , , 6+ Parking Spaces
Road Frontage 330
Water Access
Driveway Gravel
Water Type
Flood Zone Unknown
Water Body
Zoning Mixed - Use
School District NA
Middle Northfield Middle High School
Elementary Northfield Elementary School
High Northfield High School
Heat Fuel , Gas-Lp/Bottle
Excluded
Heating/Cool None, Hot Water
Negotiable
Sewer Septic, Septic
Parcel Access ROW
Water Public
ROW for Other Parcel
Water Heater Gas-Lp/Bottle
Financing
Cable Co
Documents
Electric 60 Amp
Tax ID 441-139-11650
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† The remarks published on this webpage originate from Listed By Brian Armstrong of KW Vermont 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.