122 Malletts Bay Avenue Winooski, Vermont 05404

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Under Contract Status
$390,000 Price
Multi Type
8 Beds
3 Baths
2,836 Sqft
Listed By Brad Chenette of Chenette Real Estate

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Winooski is a small riverside city that was once a thriving mill town. The word “Winooski” is Abenaki and translates to “onion”, so residents fondly refer to Winooski as the Onion City. The town consists of a total area of 1.5 square...

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Located in the area of Winooski primed to see the next wave of rejuvenation, this 3-unit multifamily residence has much to offer. Within the new “forms Based” zoning code that will spark investment. Walk to the thriving downtown dining and night life. Nearby dog park and scenic cascades river walk will be sure to attract owners and tenants. All utilities metered separately helps keep owners’ expenses lower. Updated efficient heating and hot water systems in place. Plenty of on-site off-street parking for the residents to enjoy. Newer roof shingles recently installed for peace of mind. “Run the numbers” and you’ll like what you find!

Property Location

Property Details

Contract Date  May 23rd, 2020
MLS#  4789516 Bedrooms  8 Garage Size   Car
List Price  390,000 Total Bathrooms  3 Year Built  1900
Type  Multi-Family Lot Size  0.2300 Acres Taxes $8,270
Units  3 Stories  2 Road Frontage  60
Annual Income  $25,112 Style  Apartment Building, Multi-Level Water Frontage  
Annual Expenses  $0 Finished  2,836 Sqft Construction  No, Existing
Zoning   Forms Based Above Grade  2,054 Sqft Seasonal  No
Total Rooms  8 Below Grade  782 Sqft List Date  Jan 7th, 2020
Gross Income  $40,800 Operating Expenses  $0 Net Income  $25,112
Expenses Includes 
Unit 1   3 Beds, 1 Baths, $1,100/Monthly Unit 2   3 Beds, 1 Baths, $1,200/Monthly
Unit 3   2 Beds, 1 Baths, $1,100/Monthly
ConstructionWood Frame
BasementWalkout, Apartments, Partially Finished, Daylight, Walkout
Interior Features
Exterior Features
Exterior  Vinyl Disability Features  
Foundation  Stone House Color  Light Blue
Floors  Carpet, Vinyl, Tile, Wood Building Certifications  
Roof  Shingle-Asphalt HERS Index  
DirectionsNorth on Malletts Bay Ave on Left #122, next property after new construction.
Lot Description, City Lot, Near Bus/Shuttle
Garage & Parking  No, , , Off Street, 6+ Parking Spaces
Road Frontage  60 Water Access  
Driveway  Paved Water Type  
Flood Zone  No Water Body  
Zoning  Forms Based
School District  Winooski School District Middle  
Elementary   High  
Heat Fuel   Excluded  
Heating/Cool  None, Forced Air Negotiable  
Sewer  Public Parcel Access ROW  
Water  Public ROW for Other Parcel  
Water Heater  Tank, Separate, Gas-Natural, Rented Financing  
Cable Co   Documents  Property Disclosure, Deed
Electric  Circuit Breaker Tax ID  774-246-10920

† The remarks published on this webpage originate from Listed By Brad Chenette of Chenette Real Estate 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.