119 Lafountain Street Winooski, Vermont 05404 MLS# 5021575

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Under Contract Status

$620,000 List Price

Multi Type

6 Beds

3 Baths

2,693 Sqft

Listed By Chris von Trapp Team of Coldwell Banker Hickok & Boardman - (802) 846-9525
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Winooski

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Delightful Duplex in Winooski

This beautiful 1920's duplex in the heart of Winooski has all the character & charm of its vibrant history. The property's 2 spacious units plus a detached 1-car garage offer a great opportunity to owner-occupy & rent the other unit, or to rent both with excellent return. The home's classic wrap-around front porch is the ideal place to relax. Out back, enjoy the partially fenced yard, patio, plus a variety of apple & pear trees, grape vines, & berry bushes of all kinds! Unit A is an expansive 1,700 sq. ft. space with 2 beds on the 1st level & 2 on the 2nd plus 1.5 baths. The main level features hardwood floors, classic wood trim details, galley kitchen with gas range, laundry area, & spacious living room with gas fireplace. The upstairs bedrooms are carpeted & cozy with attic access. Unit B has 2 bedrooms & a renovated full bath with laundry, updated kitchen & entryway with tile floors, & an open concept living room & bedroom with VT Hickory floors. The 2nd bedroom is a delightful, converted attic space on the top floor, accessed by a custom maple stairway, with carpeting & nooks under the eaves. As a bonus, this wonderful property has the possibility to convert to 3 units and/or accommodate an ADU for additional income. The home's slate roof has been well-maintained & a newer asphalt roof & systems have been added, plus the home has been audited and updated for energy efficiency. Close to schools, shopping, & restaurants. Don't miss this opportunity!

• 2 spacious units to owner occupy or rent
• 4-bed/1.5-bath unit +2-bed/1-bath unit
• Lovely lot w/fruit trees & berry bushes!
• Steady rental income w/upside potential
• Well-maintained property!
• Potential to convert to triplex/add ADU

Cooperation Fee - 2.5%

The Seller(s) of this property has authorized the Listing Agency/Agent to offer a Cooperation Fee or Seller Concession toward Buyers’ closing costs in the amount of 2.5% with accepted terms of an offer. This fee is offered to Buyer’s Agents and Broker’s Agents. This fee must be agreed to in writing within the terms of the Purchase & Sale Contract or in a fully executed Commission Allocation Agreement or Cooperation Agreement between the brokerage firms; and will be paid at closing.

Property Location

119 Lafountain Street Winooski

Property Details

Contract Date  Nov 15th, 2024
List Price  620,000 Bedrooms  6 Garage Size  1 Car
Cooperation Fee  2.5% Total Bathrooms  3 Year Built  1920
MLS#  5021575 Lot Size  0.23 Acres Taxes $11,093
Type  Multi-Family Days on Market  32 Days Tax Year 2024
Units  2 Stories  3 Road Frontage  109
Annual Income  $59,100 Style   Water Frontage  
Annual Expenses  $0 Finished  2,693 Sqft Construction  No, Existing
Zoning   R-B Above Grade  2,693 Sqft Seasonal  No
Total Rooms  6 Below Grade  0 Sqft List Date  Nov 8th, 2024
Gross Income  $59,100 Operating Expenses  $0 Net Income  $39,365
Expenses Includes 
Unit 1   4 Beds, 2 Baths, $2,550/Monthly Unit 2   2 Beds, 1 Baths, $2,375/Monthly
Construction
BasementInterior, Unfinished, Interior Access, Unfinished
Interior Features
Exterior Features
Exterior   Disability Features  
Foundation  Stone House Color  Yellow
Floors  Hardwood, Carpet, Ceramic Tile Building Certifications  
Roof  Slate, Shingle-Asphalt HERS Index  
Directions
Lot DescriptionYes
Garage & Parking  Yes, Off Street, Garage, Off Street
Road Frontage  109 Water Access  
Driveway  Paved Water Type  
Flood Zone  No Water Body  
Zoning  R-B
School District  Winooski School District Middle  Winooski Middle/High School
Elementary  John F Kennedy Elementary High  Winooski High School
Heat Fuel   Excluded  
Heating/Cool  None, Baseboard, Stove - Gas Negotiable  
Sewer  Public Parcel Access ROW  
Water   ROW for Other Parcel  
Water Heater   Financing  
Cable Co  Xfinity Documents  Property Disclosure, Deed
Electric  Circuit Breaker Tax ID  774-246-10749
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✱ If you engage a brokerage firm to represent you in a real estate transaction, you are responsible for compensating the firm according to the terms of your brokerage service agreement. Compensation to be paid under a brokerage service agreement is solely and entirely a matter of negotiation between an agent and client and is in no way controlled, fixed, or pre-established. Historically, cooperation fees were published in the Multiple Listing Service (MLS) for each Listing. Recent changes to the rules, prohibit the publication of these fees in the MLS but allow the display on a brokerage's website for their Clients' listings.