2 Main Street Richford, Vermont 05476 MLS# 4962159

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For Sale Status

$249,000 List Price

Multi Type

4 Beds

3 Baths

4,611 Sqft

Listed By Kassian Prior of KW Vermont
✉ 🖶

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Philip Gerbode

Customer Satisfaction Rating

(802)309-3353

James Gunger

Customer Satisfaction Rating

(802)846-8815

Nicole Broderick

Customer Satisfaction Rating

(802)846-9581

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Welcome to this exceptional multi-unit investment property with endless potential! Historic 3-story brick building spanning 4,611 square feet has undergone an elaborate renovation by the current owner, ensuring a turnkey investment opportunity. With 2 spacious apartments and a 1st floor commercial space, this property offers a range of possibilities. Renovations have encompassed essential aspects such as electrical, flooring, cosmetics, plumbing and heat pump installation. Apartments are currently leased, providing a steady rental income stream. The commercial space on 1st floor is vacant, presenting a blank canvas for your business idea to thrive. Featuring an open layout and walk-in closet, the 1st floor offers access to the basement. Bring your vision opening a pizza shop, club/bar, salon, or yoga studio, this property caters to a wide array of businesses. The potential for outdoor dining and lounge areas overlooking the picturesque Missisquoi River enhances the appeal. 2 apartments, situated on the 2nd and 3rd floors respectively, consist of 2 bedrooms and 1 bathroom. They offer new appliances and boast stunning views of the Missisquoi River. The third floor also houses a large bonus room, separate from the apartments. Communal laundry room! Tall ceilings and original wood work. Just 1 hour to Burlington & Montreal. Short ride to Jay Peak for skiing, snowboarding and more! Don't miss out on this exceptional opportunity for entrepreneurial success in thriving community! †

Property Location

2 Main Street Richford

Property Details

MLS#  4962159 Bedrooms  4 Garage Size   Car
List Price  249,000 Total Bathrooms  3 Year Built  1920
Type  Multi-Family Lot Size  0.0400 Acres Taxes $3,059
Units  3 Stories  3 Road Frontage  60
Annual Income  $54,000 Style  Multi-Level, Tri-Level Water Frontage  
Annual Expenses  $0 Finished  4,611 Sqft Construction  No, Existing
Zoning   Residential/Commercial Above Grade  4,611 Sqft Seasonal  No
Total Rooms  4 Below Grade  0 Sqft List Date  Jul 19th, 2023
Gross Income  $54,000 Operating Expenses  $0 Net Income  $45,231
Expenses Includes 
Unit 1   0 Beds, 1 Baths, $0/Mo Unit 2   2 Beds, 1 Baths, $1,100/Monthly
Unit 3   2 Beds, 1 Baths, $1,000/Monthly
ConstructionMasonry
BasementInterior, Interior Stairs, Exterior Stairs, Stairs - Interior, Interior Access, Exterior Access, Stairs - Basement
Interior Features
Exterior Features
Exterior  Brick Veneer Disability Features  
Foundation  Stone House Color  
Floors  Laminate, Wood Building Certifications  
Roof  Membrane HERS Index  
Directions
Lot Description, Water View
Garage & Parking  No, , , Off Site, 4 Parking Spaces
Road Frontage  60 Water Access  
Driveway  None Water Type  River
Flood Zone  Unknown Water Body  
Zoning  Residential/Commercial
School District  NA Middle  
Elementary   High  
Heat Fuel  , Oil, Electric Excluded  
Heating/Cool  None, Electric, Multi Zone, Heat Pump Negotiable  
Sewer  Public Parcel Access ROW  
Water  Public ROW for Other Parcel  
Water Heater  Owned Financing  
Cable Co  Comcast Documents  
Electric  Circuit Breaker Tax ID  516-162-10589
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† The remarks published on this webpage originate from Listed By Kassian Prior 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.