39 Main Street Plainfield, Vermont 05667 MLS# 4988683

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For Sale Status

$358,000 List Price

Multi Type

10 Beds

5 Baths

2,888 Sqft

Listed By Michelle Hebert of William Raveis Barre
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Washington County

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Great investment opportunity in the quaint and historic village of Plainfield. This 5-unit apartment building offers two 1-bedroom units, two 2-bedroom units and a 4-bedroom unit. This will be a great addition to your portfolio with monthly rents of $1495, $875, $1095, $1200 and $925. Expenses of $20,000 for a net operating income of over $46K per year and a cap rate of 12%, based on the current rent roll and expenses. All units have separate utilities, and the property has low expenses with no lawn to mow, no lot to plow and public parking available for tenants. This property is conveniently located within walking distance to the village center, where you can find shops, restaurants, library and post office. Easy to commute to Montpelier and Barre. Don’t miss this opportunity to own a piece of Vermont’s history and charm!

Property Location

39 Main Street Plainfield

Property Details

MLS#  4988683 Bedrooms  10 Garage Size   Car
List Price  358,000 Total Bathrooms  5 Year Built  1890
Type  Multi-Family Lot Size  0.0800 Acres Taxes $4,598
Units  5 Stories  1/2/1900 Road Frontage  49
Annual Income  $67,000 Style   Water Frontage  
Annual Expenses  $0 Finished  2,888 Sqft Construction  No, Existing
Zoning   Village District Above Grade  1,900 Sqft Seasonal  No
Total Rooms  10 Below Grade  988 Sqft List Date  Mar 20th, 2024
Gross Income  $67,000 Operating Expenses  $0 Net Income  $47,000
Expenses Includes 
Unit 1   2 Beds, 1 Baths, $1,495/Monthly Unit 2   1 Beds, 1 Baths, $875/Monthly
Unit 3   1 Beds, 1 Baths, $1,095/Monthly Unit 4   4 Beds, 1 Baths, $1,200/Monthly
Unit 5   2 Beds, 1 Baths, $925/Monthly
Construction
BasementWalkout, Full, Finished, Walkout
Interior Features
Exterior Features
Exterior   Disability Features  
Foundation  Stone House Color  Tan
Floors   Building Certifications  
Roof  Slate, Shingle-Architectural HERS Index  
DirectionsFrom Route 2, turn on to Main St in Plainfield Village, property is on the left.
Lot Description
Garage & Parking  No, On Street
Road Frontage  49 Water Access  
Driveway  None Water Type  
Flood Zone  Yes Water Body  
Zoning  Village District
School District  Caledonia Central Middle  Twinfield Union School
Elementary  Twinfield Union School High  Twinfield USD #33
Heat Fuel  , Gas-Lp/Bottle Excluded  
Heating/Cool  None, Direct Vent Negotiable  
Sewer  Public Parcel Access ROW  
Water   ROW for Other Parcel  
Water Heater   Financing  
Cable Co   Documents  Deed, Tax Map
Electric  Circuit Breaker Tax ID  483-152-10506
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† The remarks published on this webpage originate from Listed By Michelle Hebert of William Raveis Barre 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.