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Investors do not want to pass this one up! Outstanding rental history with room to raise income & lower expenses. Beautiful property in the center of Richmond with 4 meticulously maintained apartments. Many capital improvements made to include windows, furnaces, driveway, front porch, hot water heaters & so much more! Energy audit done in 2012 with some recommended work completed in 2013/2014. Washer/dryer hook up in each apt. Plenty of parking, nice yard space and you can't beat the location!
Property Location
15 Railroad Street Richmond
Property Details
Sold Price $470,000
Sold Date May 26th, 2016
MLS# 4477792
Bedrooms 8
Garage Size 0 Car
List Price 475,000
Total Bathrooms 4
Year Built 1880
Type Multi-Family
Lot Size 0.2900 Acres
Taxes $8,458
Units 4
Stories 2
Road Frontage
Annual Income $0
Style Converted
Water Frontage
Annual Expenses $25,446
Finished 3,622 Sqft
Construction No, Existing
Zoning Com/Residential
Above Grade 3,622 Sqft
Seasonal No
Total Rooms 8
Below Grade 0 Sqft
List Date Mar 18th, 2016
Gross Income $0
Operating Expenses $25,446
Net Income $40,107
Expenses Includes
Unit 1 2 Beds, 1 Baths, $965/Mo
Unit 2 2 Beds, 1 Baths, $910/Mo
Unit 3 2 Beds, 1 Baths, $910/Mo
Unit 4 2 Beds, 1 Baths, $965/Mo
ConstructionWood Frame
BasementUnfinished, Bulkhead, Full, Crawl Space
Interior Features
Exterior Features
Exterior Wood
Disability Features
Foundation Brick, Concrete, Stone
House Color Beige
Floors Vinyl, Carpet, Hardwood, Laminate
Building Certifications
Roof Slate, Shingle-Asphalt
HERS Index
DirectionsComing from I-89 into Richmond, take a right at the light onto Bridge St. House is on the right on the corner of Bridge St. and Railroad St. See sign on corner.
Lot DescriptionYes, Commercial Zoning, Village
Garage & Parking No, None
Road Frontage
Water Access
Driveway Paved
Water Type
Flood Zone No
Water Body
Zoning Com/Residential
School District NA
Middle Camels Hump Middle USD 17
Elementary Richmond Elementary School
High Mt. Mansfield USD #17
Heat Fuel Gas-Lp/Bottle
Excluded
Heating/Cool Wall Units, Wall Units, Vented Gas Heater, Hot Air
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