67 Green Street Vergennes, Vermont 05491 MLS# 4995640

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For Sale Status

$795,000 List Price

Multi Type

8 Beds

5 Baths

4,592 Sqft

Listed By Sandy Palmer of Vermont Real Estate Company
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Addison County

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Incredible investment opportunity in charming Vergennes! This four unit apartment building has been lovingly maintained by the same owner for decades with low-maintenance and profitability in mind. The building has been updated with vinyl siding and windows, a metal roof, a brand new natural gas boiler, solar panels, carpet-free units, and a massive 5+ car garage with storage above offering tons of potential. The current owner has easily leased these for decades - tenants that have all been moved into month-to-month leases so a new buyer has options (though they all want to stay). The income on this property speaks for itself - with a pair of 2 br units, one 1 br plus den, and a 3 br/2ba, this property would bring $60k+ per year to an investor's portfolio. Or live in one of the units and have your money working for you! There is ample off-street parking, and a cute yard with a small playground and garden area. Located just 2 short blocks behind the main business district of Vermont's Smallest (and arguably most charming) City, easy walking distance to the shops and restaurants. 30 minutes to Burlington and less than 20 minutes to Middlebury. What an opportunity!

Property Location

67 Green Street Vergennes

Property Details

List Price  795,000 Bedrooms  8 Garage Size  5 Car
Cooperation Fee  Unknown Total Bathrooms  5 Year Built  1900
MLS#  4995640 Lot Size  0.4 Acres Taxes $9,709
Type  Multi-Family Days on Market  62 Days Tax Year 2023
Units  4 Stories  2 Road Frontage  118
Annual Income  $86,700 Style   Water Frontage  
Annual Expenses  $0 Finished  4,592 Sqft Construction  No, Existing
Zoning   HN Above Grade  4,592 Sqft Seasonal  No
Total Rooms  8 Below Grade  0 Sqft List Date  May 15th, 2024
Gross Income  $86,700 Operating Expenses  $0 Net Income  $62,209
Expenses Includes 
Unit 1   2 Beds, 1 Baths, 1,080 SqFt, $1,575/Monthly Unit 2   3 Beds, 2 Baths, 1,200 SqFt, $0/Mo
Unit 3   1 Beds, 1 Baths, $1,600/Monthly Unit 4   2 Beds, 1 Baths, 1,080 SqFt, $1,400/Monthly
Construction
BasementWalkout, Sump Pump, Partial, Crawl Space, Sump Pump
Interior Features
Exterior Features
Exterior   Disability Features  
Foundation  Stone House Color  White
Floors  Vinyl, Wood, Vinyl Plank Building Certifications  
Roof  Metal HERS Index  
DirectionsFrom Main St. (22A) in Vergennes downtown, head south on Green St. past the chocolate shop and Bar Antidote, building is on the left.
Lot Description, Village, Near Bus/Shuttle
Garage & Parking  Yes
Road Frontage  118 Water Access  
Driveway  Paved Water Type  
Flood Zone  Unknown Water Body  
Zoning  HN
School District  Addison Northwest Middle  Vergennes UHSD #5
Elementary  Vergennes UES #44 High  Vergennes UHSD #5
Heat Fuel   Excluded  
Heating/Cool  None, Baseboard Negotiable  
Sewer  Public Parcel Access ROW  
Water   ROW for Other Parcel  
Water Heater   Financing  
Cable Co   Documents  
Electric  Circuit Breaker Tax ID  663-210-10253
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† The remarks published on this webpage originate from Listed By Sandy Palmer of Vermont Real Estate Company via the PrimeMLS IDX Program and do not represent the views and opinions of Coldwell Banker Hickok & Boardman. Coldwell Banker Hickok & Boardman cannot be held responsible for possible violations of copyright resulting from the posting of any data from the PrimeMLS IDX Program.