Sold Status
$475,000 Sold Price
Multi Type
5 Beds
4 Baths
2,164 Sqft
Sold By IPJ Real Estate
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Addison County
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. †
Property Location
Property Details
Sold Price $475,000 | Sold Date Jul 26th, 2024 | |
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List Price 475,000 | Bedrooms 5 | Garage Size Car |
Cooperation Fee Unknown | Total Bathrooms 4 | Year Built 1956 |
MLS# 4999624 | Lot Size 0.2 Acres | Taxes $5,036 |
Type Multi-Family | Days on Market 185 Days | Tax Year 2023 |
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 |