Sold Status
$630,000 Sold Price
Multi Type
7 Beds
7 Baths
3,996 Sqft
Sold By KW Vermont-Stowe
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Lamoille County
Great Investment Opportunity for a Landlord with ability to expand. This 6 unit Multi-family built in 1972 was gutted & redone in the 1980's so many issues that might have surfaced have been replaced such as plumbing & wiring. The 6 units undergo continued maintenance upon vacancies. There is a coin operated washer & dryer on premises while Unit 3, the owners unit has its own washer & dryer. Each unit pays its electricity and propane for their gas stoves & gas water heaters. Owner pays for the oil to operate the boiler for the heat throughout the building. Building is conveniently located with frontage on Cliff St if one wants to walk to lower village or driveway off Thomas Lane for an easy walk to the post office, village or ice rink. Extensive financial information available after signing a Confidentially Agreement. The building also includes the laundry room of about 165 sq.ft., the Furnace Room of about 106 sq. ft., Two attached sheds, one 12 x 20 & the other is 10 x 16. There is also a closed storage unit of 12 x 16 ft. with an overhead door and concrete floor. The carport for 4 vehicles is 26"x 40"with an open front side. Building is served by a drilled well which yields about 179 gallons a minute and is treated for iron. The roofs have been replaced pat in 2010 & part in 2016. In addition to the six units existing the zoning would permit an additional 4 units to be constructed and seller had design such a plan a few yars ago but did not seek permits. †
Property Location
Property Details
Sold Price $630,000 | Sold Date Jul 27th, 2018 | |
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MLS# 4652924 | Bedrooms 7 | Garage Size 4 Car |
List Price 650,000 | Total Bathrooms 7 | Year Built 1972 |
Type Multi-Family | Lot Size 3.6000 Acres | Taxes $8,867 |
Units 6 | Stories 1/2/1900 | Road Frontage 150 |
Annual Income $0 | Style Contemporary | Water Frontage |
Annual Expenses $0 | Finished 3,996 Sqft | Construction No, Existing |
Zoning RR1 | Above Grade 2,544 Sqft | Seasonal No |
Total Rooms 7 | Below Grade 1,452 Sqft | List Date Aug 11th, 2017 |