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Montpelier,VT 05602
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,700 sqft
Price per Sqft $159
MLS Listing ID 5048205
Bedrooms 9
Full Baths 7
Year Built 1878
Annual Tax Amount $14,835
Tax Year 2024
Lot Size 10,890 Sqft
Property Description
Pride in Ownership. For offer a well maintained 7 Unit building in sought after "Meadows" neighborhood between downtown and Hubbard park. 10% cap rate with long term tenants makes this an attractive investment. Tenants pay heat and electricity. Entirely updated electrical and recent updates make this a low maintenance solid investment. Super easy to rent these great units with quick walk to downtown and Hubbard park, yet tucked away on a quiet street. Owner went through and updated each apartment in the building as they became available over the past 14 years. Every piece of electrical replaced in that period and most of the plumbing. Extra time and care was given to updates with an eye towards quality, low maintenance and longevity. Enormous parking area gives the tenants much sought after off street parking. More than 1 unblocked parking spot per bedroom with a back yard and front yard. Final upper roof being replaced July 14th. So all roofs will have been replaced in last 15 years. Insulation and weatherization have been improved throughout. Seller is also the listing agent, a licensed real estate agent in the state of Vermont. Limited assisted showings during business hours only. Delayed showings starting July 9th. Property is smoke free, and mostly pet free. No cats or dogs. Super low maintenance yet attractive siding.
Location
State VT
County Vt-washington
Area Vt-Washington
Zoning Residential 3000
Rooms
Basement Entrance Walk-up
Interior
Cooling None
Exterior
Utilities Available Cable,Gas - LP/Bottle,Multi Phone Lines,Telephone Available
Roof Type Corrugated,Membrane,Shingle - Asphalt
Building
Story 3
Foundation Fieldstone
Sewer Public
Schools
Elementary Schools Union Elementary School
Middle Schools Main Street Middle School
High Schools Montpelier High School
School District Montpelier School District