For Sale Status
$795,000 List Price
Multi Type
8 Beds
5 Baths
4,592 Sqft
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Addison County
SOME OWNER FINANCING POSSIBLE. Also... PROPERTY COULD QUALIFY FOR 5% DOWN FHA PROGRAM FOR APPROVED BUYERS WHO WANT TO LIVE IN ONE OR MORE OF THE UNITS! Incredible investment opportunity. 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. †
Property Location
Property Details
List Price 795,000 | Bedrooms 8 | Garage Size 5 Car |
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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 210 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 |