List Price: $649,000 | $232 per sq.ft. Multi Family A 4 Unit Multi Family Home
With 3 One Bedroom Units , 1 - Two Bedroom Units ,0 - Three Bedroom Units Listed Friday Oct 4, 2024 | MLS# 5017370
With 3 One Bedroom Units , 1 - Two Bedroom Units ,0 - Three Bedroom Units Listed Friday Oct 4, 2024 | MLS# 5017370
Exceptional opportunity to purchase a four unit multi family in the heart of downtown Montpelier! Completely renovated in 1984, including a poured concrete foundation and new electric and plumbing, this income producing property is ready for new ownership after over 40 years. Three of the four units have beautiful hardwood flooring throughout as well as assigned off street parking. Convenient to all amenities: public transportation, shopping, dining/bars, hospital and the I89 corridor. A perfect candidate for a 1031 exchange. This offering has been thoughtfully cared for over the decades and will be the perfect fit for the discerning investor.
Operating Expenses : Heat,Insurance,Maintenance,Other,Snow Removal,Trash,Water/Sewer
Annual Expenses
Taxes: $10,609
Taxes: $10,609
Income
Gross Income | $57,000
NetIncome | $39,217
Gross Income | $57,000
NetIncome | $39,217
Appliances : Water Heater – Electric
UNIT 1
Beds: 1
Baths: 1
Rooms: 3
Level: 1
Info : Appliances Included,CO Detector,Heat Included,Range - Electric,Refrigerator,Smoke Detector
Tenant Pays : Electric
Rent : 1250.00 Monthly
Lease Term : Month to Month
Signed Lease : Yes
Status : Leased
UNIT 2
Beds: 2
Baths: 1
Rooms: 4
Level: 2
Info : Appliances Included,Dishwasher,Dryer,Heat Included,Porch,Range - Electric,Refrigerator,Washer
Tenant Pays : Electric
Rent : 1750.00 Monthly
Lease Term : Month to Month
Signed Lease : Yes
Status : Leased
UNIT 3
Beds: 1
Baths: 1
Rooms: 3
Level: 1
Info : Appliances Included,CO Detector,Range - Electric,Refrigerator,Smoke Detector
Tenant Pays : Electric,Heat
Rent : 850.00 Monthly
Lease Term : Annual
Signed Lease : Yes
Status : Leased
UNIT 4
Beds: 1
Baths: 1
Rooms: 3
Level: 2
Info : Appliances Included,CO Detector,Range - Electric,Refrigerator,Smoke Detector
Tenant Pays : Electric,Heat
Rent : 900.00 Monthly
Lease Term : Annual
Status : Leased
Construction: Clapboard Exterior
Year Built: 1877
Style: Apartment Building
Floors | Stories: 2
No. Elevators:
Total Sq.Ft. Finished: 3482
Above Grade Sq.Ft.: 2793
Basement: Stairs - Interior | Unfinished | Interior Access
Foundation: Concrete
Year Built: 1877
Style: Apartment Building
Floors | Stories: 2
No. Elevators:
Total Sq.Ft. Finished: 3482
Above Grade Sq.Ft.: 2793
Basement: Stairs - Interior | Unfinished | Interior Access
Foundation: Concrete
Exterior Features:
Porch - Covered
Exterior Color: Grey
Roof: Membrane
Garage And Parking: Assigned | Off Street
Seasonal: No
Porch - Covered
Exterior Color: Grey
Roof: Membrane
Garage And Parking: Assigned | Off Street
Seasonal: No
Heating: Propane | Gas Heater
Cooling: None
Electric: 100 Amp
Utilities: Gas - LP/Bottle
Electric Meters: 4
Gas_Meters: 4
Water: Public
Sewer: Public
Cooling: None
Electric: 100 Amp
Utilities: Gas - LP/Bottle
Electric Meters: 4
Gas_Meters: 4
Water: Public
Sewer: Public
Land Information
City Lot | Sidewalks | In Town | Near Shopping | Neighborhood | Near Public Transportatn | Near Hospital
Lot size: 0.24 acres
Zoned: RESD 1)
Surveyed: Unk
Flood Zone: No
Roads: Paved | Public
Road Frontage: 85
Driveway: Paved
City Lot | Sidewalks | In Town | Near Shopping | Neighborhood | Near Public Transportatn | Near Hospital
Lot size: 0.24 acres
Zoned: RESD 1)
Surveyed: Unk
Flood Zone: No
Roads: Paved | Public
Road Frontage: 85
Driveway: Paved
Docs Available : Aerials | Deed | Lease Agreements | Property Disclosure | Tax Map
Easement - Yes
Taxes $10,609
Assesed Value Not Reported
Schools
School District: Montpelier School District
Elementary School: Union Elementary School
Middle School: Main Street Middle School
High School: Montpelier High School
School District: Montpelier School District
Elementary School: Union Elementary School
Middle School: Main Street Middle School
High School: Montpelier High School
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