64 Main Street Vergennes, Vermont 05491 MLS# 4999624

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Under Contract Status

$475,000 List Price

Multi Type

5 Beds

4 Baths

2,164 Sqft

Listed By Danelle Birong of The Real Estate Company of Vermont, LLC
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Addison County

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Understanding our local housing needs, this clever and motivated owner renovated a former gas station into two residential units and one office space in the center of Vergennes. Completed in 2022, the largest unit sits on the second floor and includes three bedrooms and two baths, plus a spacious open living area and a separate laundry area. A two bedroom, 1 bath unit with laundry boasts tall ceilings and sits on the first level accessed at the front of the building. Lastly, the sound-proofed office is set up with a waiting room, meeting room, and accessible half bath. Each unit includes radiant electric heat, mini-splits, stainless steel appliances, hardwood and high-traffic vinyl flooring, and more. The brick/vinyl exterior and new metal and slate roofs provide ease of maintenance. Fully rented, an investor can start or add to their portfolio, or better yet it can serve as an owner-occupied building once the current leases expire. Only 22 miles to Burlington and 13 miles to Middlebury, it’s an easy commute North and South, and near all Vergennes amenities including local restaurants and shops, the City Green, the Vergennes Opera House and the grand Bixby Library.

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Property Location

64 Main Street Vergennes

Property Details

Contract Date  Jun 14th, 2024
MLS#  4999624 Bedrooms  5 Garage Size   Car
List Price  475,000 Total Bathrooms  4 Year Built  1956
Type  Multi-Family Lot Size  0.2000 Acres Taxes $5,036
Units  3 Stories  2 Road Frontage  124
Annual Income  $48,000 Style   Water Frontage  
Annual Expenses  $0 Finished  2,164 Sqft Construction  No, Existing
Zoning   Residential/Lim Business Above Grade  2,164 Sqft Seasonal  No
Total Rooms  5 Below Grade  0 Sqft List Date  Jun 9th, 2024
Gross Income  $48,000 Operating Expenses  $0 Net Income  $30,131
Expenses Includes 
Unit 1   3 Beds, 2 Baths, 1,144 SqFt, $1,900/Monthly Unit 2   2 Beds, 1 Baths, 752 SqFt, $1,600/Monthly
Unit 3   0 Beds, 1 Baths, 320 SqFt, $500/Monthly
Construction
Basement, Slab
Interior Features
Exterior Features
Exterior   Disability Features  
Foundation  Concrete House Color  Red Brick
Floors  Vinyl, Manufactured, Hardwood, Vinyl Plank Building Certifications  
Roof  Slate, Metal HERS Index  
DirectionsLocated at the intersection of Monkton Road and Main Street/22A.
Lot DescriptionYes, Near Bus/Shuttle
Garage & Parking  No, Paved, On Site
Road Frontage  124 Water Access  
Driveway  Circular, Paved Water Type  
Flood Zone  No Water Body  
Zoning  Residential/Lim Business
School District  Addison Northwest Middle  Vergennes UHSD #5
Elementary  Vergennes UES #44 High  Vergennes UHSD #5
Heat Fuel  , Electric Excluded  Tenants\' personal property
Heating/Cool  Mini Split, Radiant Electric, Electric, Radiant, Multi Zone, Hot Water, In Floor, Mini Split Negotiable  
Sewer  Public Parcel Access ROW  No
Water   ROW for Other Parcel  Yes
Water Heater   Financing  
Cable Co   Documents  Property Disclosure, Certificate CC/CO, Deed, Lease Agreements, Site Investigations, Tax Map
Electric  Circuit Breaker, 200 Amp Tax ID  663-210-10167
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† The remarks published on this webpage originate from Listed By Danelle Birong of The Real Estate Company of Vermont, LLC 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.