Back to Search ResultsSold Status
$516,000 Sold Price
Multi Type
6 Beds
4 Baths
3,877 Sqft
Sold By EXP Realty
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Addison County
A four unit apartment building with positive cash flow is a real investment opportunity! Owner has taken care to keep apartments updated and occupied. There are two apartments with one bedroom, and two apartments with 2 bedrooms. Most of the units have hardwood floors in the main living areas, vinyl in the full bathrooms, some carpet in LL unit. Heat is a single source LP boiler with many zones of baseboard or radiator heating elements. Some new windows, fire escape on 2nd floor, slate and leaded roofing. The building is a beautiful, historic building with ornate details, a side porch and a solid stone foundation. The backyard is fenced and there is plenty of parking behind the building and on the street. Seller will provide an allowance of $20K to be used towards exterior painting. (No showings Tuesday 1-3 or Wednesday 1-3:30) †
Property Location
Property Details
| Sold Price $516,000 | Sold Date May 4th, 2021 | |
|---|---|---|
| MLS# 4849637 | Bedrooms 6 | Garage Size Car |
| List Price 500,000 | Total Bathrooms 4 | Year Built 1880 |
| Type Multi-Family | Lot Size 0.5800 Acres | Taxes $7,655 |
| Units 4 | Stories 2 | Road Frontage 100 |
| Annual Income $50,000 | Style Walkout Lower Level, Freestanding, Historic Vintage, Multi-Family, Multi-Level, Victorian, Walkout Lower Level, Historic District | Water Frontage |
| Annual Expenses $0 | Finished 3,877 Sqft | Construction No, Existing |
| Zoning HN | Above Grade 3,177 Sqft | Seasonal No |
| Total Rooms 6 | Below Grade 700 Sqft | List Date Mar 5th, 2021 |
| Gross Income $50,000 | Operating Expenses $0 | Net Income $30,000 |
|---|
| Expenses Includes |
|---|
| Unit 1 2 Beds, 1 Baths, $1,130/Monthly | Unit 2 1 Beds, 1 Baths, $930/Monthly |
|---|---|
| Unit 3 2 Beds, 1 Baths, $1,500/Monthly | Unit 4 1 Beds, 1 Baths, $950/Monthly |
| ConstructionWood Frame |
|---|
| BasementWalkout, Apartments, Climate Controlled, Concrete, Partially Finished, Locked Storage Space, Full, Partially Finished, Storage - Locked, Walkout, Exterior Access |
| Interior Features |
| Exterior Features |
| Exterior Wood, Clapboard, Wood Siding | Disability Features |
|---|---|
| Foundation Stone | House Color White |
| Floors Vinyl, Carpet, Hardwood | Building Certifications |
| Roof Slate, Other, Metal | HERS Index |
| DirectionsFrom the intersection of 22A and Route 7, take 22A south through the City of Vergennes. Just past the Library and the Black Sheep Bistro turn left onto S Water Street. Property will be on your right. |
|---|
| Lot DescriptionUnknown, View, City Lot, Trail/Near Trail, Mountain View, Sidewalks, Trail/Near Trail, View, Village, Village |
| Garage & Parking No, , , On Street, Unassigned, On Site, Off Street, Unassigned |
| Road Frontage 100 | Water Access |
|---|---|
| Driveway Gravel, Common/Shared | Water Type |
| Flood Zone No | Water Body |
| Zoning HN |
| School District Addison Northwest | Middle Vergennes UHSD #5 |
|---|---|
| Elementary Vergennes UES #44 | High Vergennes UHSD #5 |
| Heat Fuel , Gas-Lp/Bottle | Excluded |
|---|---|
| Heating/Cool None, Hot Water | Negotiable |
| Sewer Public | Parcel Access ROW No |
| Water Public | ROW for Other Parcel No |
| Water Heater Domestic | Financing |
| Cable Co | Documents Survey, Property Disclosure, Deed |
| Electric 100 Amp, Circuit Breaker | Tax ID 66321010838 |
† The remarks published on this webpage originate from Listed By Amey Ryan of IPJ Real Estate 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.
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