83 Inn Shoreham, Vermont 05770 MLS# 4443528

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Sold Status

$160,000 Sold Price

Multi Type

7 Beds

3 Baths

4,158 Sqft

Listed By Jeff Olson of
Sold By IPJ Real Estate
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83 Inn

Selling for $100,000 below town assessment, this classic building contains three very spacious apartments. Numerous updates include rewiring and bringing the building up to Vermont's stringent fire code, new trim and paint, new windows, newer siding, and some new appliances and bathroom fixtures. Separate meters for each apartment; tenants in apartment 3 pay for their own heat. Property includes a barn and two single car garages, not to mention three acres of park-like grounds and close proximity to the Shoreham Inn, Platt Library, school, and more. Bonus: Town water and sewer. Vermont's rental market is strong, and it would not be hard to be cashflow positive from Day One with this investment. Note showings temporarily halted; we will resume May 15. †

Property Location

83 Inn Shoreham

Property Details

Sold Price  $160,000 Sold Date  Sep 30th, 2020
MLS#  4443528 Bedrooms  7 Garage Size  3 Car
List Price  189,900 Total Bathrooms  3 Year Built  1847
Type  Multi-Family Lot Size  3.0000 Acres Taxes $7,836
Units  3 Stories  2 Road Frontage  70
Annual Income  $22,200 Style  Converted, Historic District Water Frontage  
Annual Expenses  $15,313 Finished  4,158 Sqft Construction  No, Existing
Zoning   VR Above Grade  4,158 Sqft Seasonal  No
Total Rooms  7 Below Grade  0 Sqft List Date  Aug 7th, 2015
Gross Income  $22,200 Operating Expenses  $15,313 Net Income  $0
Expenses Includes 
Unit 1   4 Beds, 1 Baths, 1,500 SqFt, $900/Monthly Unit 2   1 Beds, 1 Baths, 700 SqFt, $700/Monthly
Unit 3   2 Beds, 1 Baths, 1,100 SqFt, $800/Monthly
ConstructionWood Frame
BasementWalkout, Interior Stairs, Unfinished, Gravel, Exterior Stairs
Interior Features
Exterior Features
Exterior  Vinyl Disability Features  
Foundation  Stone House Color  White
Floors  Laminate, Hardwood Building Certifications  
Roof  Slate, Shingle-Asphalt HERS Index  
DirectionsFrom 22A, head west on Main St. (Route 74). Building on the right just before the Shoreham Inn.
Lot Description, Ponds, Pond, Level, Village
Garage & Parking  Yes, , , Garage, 6+ Parking Spaces
Road Frontage  70 Water Access  
Driveway  Gravel Water Type  
Flood Zone  No Water Body  
Zoning  VR
School District  Addison Central Middle  Middlebury Union Middle #3
Elementary  Shoreham Elementary School High  Middlebury Senior UHSD #3
Heat Fuel  , Oil, Gas-Lp/Bottle Excluded  
Heating/Cool  None, Vented Gas Heater, Hot Water Negotiable  
Sewer  Public Parcel Access ROW  
Water  Community ROW for Other Parcel  
Water Heater  Domestic Financing  
Cable Co   Documents  Property Disclosure, Plot Plan, Deed
Electric  Other Tax ID  591-186-00294
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† The remarks published on this webpage originate from Listed By Jeff Olson of 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.