List Price: $725,000 | $232 per sq.ft. Multi Family A 3 Unit Multi Family Home
With 1 One Bedroom Units , 2 - Two Bedroom Units ,0 - Three Bedroom Units Listed Sunday Jun 9, 2024 | MLS# 4999633
With 1 One Bedroom Units , 2 - Two Bedroom Units ,0 - Three Bedroom Units Listed Sunday Jun 9, 2024 | MLS# 4999633
Rear Parking
Two Bedroom-Unit C
Unit C
Unit C
Unit C
Unit C
Unit C
Unit C
Unit C
Unit C
Unit C
Unit C
Unit C
Unit C
One Bedroom Unit B
Unit B
Unit B
Unit B
Unit B
Unit B
Unit B
Unit B
Unit B
Three Bedroom Unit A
Unit A
Unit A
Unit A
Unit A
Unit A
Unit A
Unit A
Unit A
Unit A
Historic Victorian Multifamily Home in Downtown Middlebury, VT Discover a piece of history with this charming Victorian multifamily home, built in 1840, located in the heart of downtown Middlebury. This well-maintained property features three distinct units: a 1-bedroom and a 2-bedroom on the ground level, and a spacious 2-bedroom with large bonus room on upper floors. The lower-level apartments are fully leased with high quality tenants generating $3440 income per month. The upper-level apartment is being left empty to accommodate a potential buyer who may want to reside on premises. Estimated rent if leased would be $2400 per month. Property Highlights Investment Opportunity: This property offers a solid return on investment in a high-demand rental market. Recent Upgrades: Enjoy modern living with renovated lower-level apartments with open concept designs, blending contemporary comfort with historic charm. Prime Location: Situated within walking distance to local shops, restaurants, and cultural attractions, making it highly desirable for tenants. Well-Maintained: The property has been carefully maintained to preserve its historic character while incorporating modern amenities. This is a rare opportunity to own a historic gem in Middlebury, offering both stability and growth potential. Don't miss out on this exceptional investment in a vibrant community. For more information or to schedule a viewing, contact us today!
Location : Business District | Commercial Zoning | In Town | Near Shopping | Near Public Transportatn | Near Hospital
Operating Expenses : Heat,Insurance,Maintenance,Other,Sewer,Snow Removal,Trash,Utilities,Water/Sewer
Occupant Restrictions : Pets - Negotiable | References | Smoking - No | Tenancy Check
Location : Business District | Commercial Zoning | In Town | Near Shopping | Near Public Transportatn | Near Hospital
Operating Expenses : Heat,Insurance,Maintenance,Other,Sewer,Snow Removal,Trash,Utilities,Water/Sewer
Occupant Restrictions : Pets - Negotiable | References | Smoking - No | Tenancy Check
Annual Expenses
Taxes: $7,039
Taxes: $7,039
Income
Gross Income | $64,680
NetIncome | $44,586
Gross Income | $64,680
NetIncome | $44,586
Appliances : Water Heater – Off Boiler
UNIT 1
Beds: 2
Baths: 1
Rooms: 5
Sq.Ft.: 759
Level: 1
Info : Air Conditioner,Appliances Included,CO Detector,Deck,Dishwasher,Dryer,Heat - Natural Gas,Heat Included,Hot Water,Kitchen Island,Laundry Hookup,Microwave,Mudroom,Porch,Range - Electric,Refrigerator,Smoke Detector,Washer
Tenant Pays : TV Service
Rent : 1950.00 Monthly
Lease Term : Annual
Signed Lease : Yes
Status : Leased
UNIT 2
Beds: 1
Baths: 1
Rooms: 4
Sq.Ft.: 741
Level: 1
Style : One bedroom rental
Info : Air Conditioner,Appliances Included,Deck,Dryer,Heat - Natural Gas,Heat Included,Hot Water,Kitchen Island,Laundry Hookup,Microwave,Mudroom,Porch,Range - Electric,Refrigerator,Smoke Detector,Washer,Water Heater
Tenant Pays : TV Service
Rent : 1490.00 Monthly
Lease Term : Month to Month
Signed Lease : Yes
Status : Leased
UNIT 3
Beds: 2
Baths: 1
Rooms: 6
Sq.Ft.: 1595
Level: 2
Style : Two bedrooms with Bonus Room
Info : Appliances Included,CO Detector,Deck,Dishwasher,Dryer,Heat - Natural Gas,Heat Included,Hot Water,Laundry Hookup,Microwave,Range - Gas,Refrigerator,Smoke Detector,Washer,Water Heater
Tenant Pays : TV Service
Rent : 1950.00 Monthly
Lease Term : Month to Month
Signed Lease : No
Status : Leased
Construction: Clapboard Exterior | Wood Exterior
Year Built: 1840
Style: Victorian
Floors | Stories: 2.5
No. Elevators:
Total Sq.Ft. Finished: 4368
Above Grade Sq.Ft.: 3120
Basement: Concrete Floor | Dirt | No Tenant Access | Stairs - Interior | Sump Pump | Unfinished | Interior Access
Foundation: Stone
Year Built: 1840
Style: Victorian
Floors | Stories: 2.5
No. Elevators:
Total Sq.Ft. Finished: 4368
Above Grade Sq.Ft.: 3120
Basement: Concrete Floor | Dirt | No Tenant Access | Stairs - Interior | Sump Pump | Unfinished | Interior Access
Foundation: Stone
Exterior Features:
Deck | Porch - Covered
Exterior Color: Blue
Roof: Shingle - Asphalt | Slate
Garage And Parking: Driveway | On-Site | Parking Spaces 5 | Paved
Seasonal: No
Deck | Porch - Covered
Exterior Color: Blue
Roof: Shingle - Asphalt | Slate
Garage And Parking: Driveway | On-Site | Parking Spaces 5 | Paved
Seasonal: No
Heating: Baseboard | Floor Furnace | Heat Pump | Hot Water | Multi Zone
Cooling: Mini Split
HeatFuel: Electric | Gas - Natural
Electric: 100 Amp
Trash: Owner | Recycle
Utilities: Cable | Gas - On-Site | Underground Utilities
Electric Meters: 1
Gas_Meters: 1
Water: Public
Sewer: Public
Cooling: Mini Split
HeatFuel: Electric | Gas - Natural
Electric: 100 Amp
Trash: Owner | Recycle
Utilities: Cable | Gas - On-Site | Underground Utilities
Electric Meters: 1
Gas_Meters: 1
Water: Public
Sewer: Public
Land Information
Landscaped | Level | Major Road Frontage | Sidewalks
Lot size: 0.2 acres
Zoned: GC-General Comm)
Surveyed: Unk
Flood Zone: No
Roads: Paved | Public
Road Frontage: 82
Driveway: Gravel
Landscaped | Level | Major Road Frontage | Sidewalks
Lot size: 0.2 acres
Zoned: GC-General Comm)
Surveyed: Unk
Flood Zone: No
Roads: Paved | Public
Road Frontage: 82
Driveway: Gravel
Occupant Restrictions : Pets - Negotiable | References | Smoking - No | Tenancy Check
Docs Available : Aerials | Deed | Lease Agreements | Other | Plat/Grid Map | Property Disclosure | Tax Map
Easement - Yes
ROW Length: 175
ROW Width: 10
Row For Other Parcel: Y
Taxes $7,039
Assesed Value Not Reported
Schools
School District: Addison Central
Elementary School: Middlebury ID #4 School
Middle School: Middlebury Union Middle #3
High School: Middlebury Senior UHSD #3
School District: Addison Central
Elementary School: Middlebury ID #4 School
Middle School: Middlebury Union Middle #3
High School: Middlebury Senior UHSD #3
PLEASE NOTE: Both New Hampshire and Vermont law require brokers and agents to disclose at the “time of first business meeting, prior to any discussion
of confidential information”, in New Hampshire’s case, and “first reasonable opportunity”, in Vermont’s case, the
nature of the relationships brokers have or may have with customers and clients. Each state requires that a disclosure form be presented to
consumers for their review and acknowledgment at the appropriate time. These forms can be accessed here:
VT: VERMONT REAL ESTATE COMMISSION MANDATORY CONSUMER DISCLOSURE FORM
NH: NEW HAMPSHIRE REAL ESTATE COMMISSION BROKERAGE RELATIONSHIP DISCLOSURE FORM