47 Jericho Road Richmond, Vermont 05477 MLS# 4955018

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Sold Status

$560,000 Sold Price

Multi Type

6 Beds

6 Baths

2,625 Sqft

Listed By Flex Realty Group of Flex Realty
Sold By Nina Lynn of Coldwell Banker Hickok and Boardman
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Richmond

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47 Jericho Road

Amazing investment opportunity in the center of Richmond! This well maintained 6 unit apartment building is centrally located in downtown Richmond providing easy access to all that Richmond has to offer, making this property a sought after rental amongst renters. There is A TON of opportunity here with rents being below market (according to the owners) and the large village lot zoned village commercial. Bring rents to market and enjoy the increased revenue or use the building/lot for your own commercial vision! †

Property Location

47 Jericho Road Richmond

Property Details

Sold Price  $560,000 Sold Date  Jul 21st, 2023
MLS#  4955018 Bedrooms  6 Garage Size   Car
List Price  575,000 Total Bathrooms  6 Year Built  1980
Type  Multi-Family Lot Size  0.3200 Acres Taxes $6,661
Units  6 Stories  1 Road Frontage  
Annual Income  $38,200 Style  Multi-Family Water Frontage  
Annual Expenses  $0 Finished  2,625 Sqft Construction  No, Existing
Zoning   village commercial Above Grade  2,625 Sqft Seasonal  No
Total Rooms  6 Below Grade  0 Sqft List Date  May 31st, 2023
Gross Income  $38,200 Operating Expenses  $0 Net Income  $22,501
Expenses Includes 
Unit 1   1 Beds, 1 Baths, $510/Monthly Unit 2   1 Beds, 1 Baths, $650/Monthly
Unit 3   1 Beds, 1 Baths, $650/Monthly Unit 4   1 Beds, 1 Baths, $650/Monthly
Unit 5   1 Beds, 1 Baths, $700/Monthly Unit 6   1 Beds, 1 Baths, $0/Mo
ConstructionWood Frame
BasementWalk-up, Unfinished, Exterior Stairs, Crawl Space, Stairs - Exterior, Unfinished
Interior Features
Exterior Features
Exterior  Vinyl Disability Features  
Foundation  Block House Color  
Floors  Tile, Carpet, Laminate, Hardwood Building Certifications  
Roof  Metal HERS Index  
Directions
Lot Description, City Lot
Garage & Parking  No, , , 6+ Parking Spaces
Road Frontage   Water Access  
Driveway  Paved Water Type  
Flood Zone  No Water Body  
Zoning  village commercial
School District  NA Middle  
Elementary   High  
Heat Fuel  , Electric Excluded  
Heating/Cool  None, Baseboard Negotiable  
Sewer  Public Parcel Access ROW  
Water  Public ROW for Other Parcel  
Water Heater  Electric, Tank, Owned Financing  
Cable Co   Documents  
Electric  Circuit Breaker Tax ID  519-163-10291
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† The remarks published on this webpage originate from Listed By Flex Realty Group of Flex Realty 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.