Bought with Warren Palm • C21 Jack Associates/S. Burlington
$431,500
$449,500
4.0%For more information regarding the value of a property, please contact us for a free consultation.
273-287 Main ST Vergennes, VT 05491
18 Beds
8 Baths
6,891 SqFt
Key Details
Sold Price $431,500
Property Type Multi-Family
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 6,891 sqft
Price per Sqft $62
MLS Listing ID 4515170
Sold Date 06/28/17
Style Other
Bedrooms 18
Full Baths 8
Construction Status Existing
Year Built 1900
Annual Tax Amount $7,263
Tax Year 2016
Lot Size 0.400 Acres
Acres 0.4
Property Sub-Type Other
Property Description
Very high cash flow and great CAP Rate. Yes, the landlord pays heat and water and sewer but the net income is still outstanding. New high-end heating system installed for whole building 2005; electrical updated 2006 and 2012 along with plumbing improvements. Each unit has its own thermostat but controlled by landlord. Each unit has its own washer/dryer hookup. Good off street parking. Grade level units have sunrooms and covered front porches. This is a very good property for seasoned investor; just do the numbers. 2012 each unit new kitchens and new flooring. Owner has invested over $80,000 in last 3 years and over $20,000 in past 6 months on improvements.
Location
State VT
County Vt-addison
Area Vt-Addison
Zoning Commercial
Rooms
Basement Entrance Walkout
Basement Apartments, Finished
Interior
Heating Oil
Cooling Multi Zone
Flooring Carpet, Vinyl
Exterior
Exterior Feature Vinyl, Wood
Garage Description On-Site, Parking Spaces 5 - 10, Unassigned
Amenities Available Heat
Roof Type Metal,Slate
Building
Lot Description City Lot
Story 2
Foundation Concrete, Stone
Sewer Public
Water Public
Construction Status Existing
Schools
Elementary Schools Vergennes Ues #44
Middle Schools Vergennes Uhsd #5
High Schools Vergennes Uhsd #5
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
