Incredible investment opportunity in charming Vergennes! This four unit apartment building has been lovingly maintained by the same owner for decades with low-maintenance profitability in mind. The building has been updated with vinyl siding and windows, a metal roof, newer natural gas heat, solar panels, carpet-free units, and a massive 5+ car garage with storage above that would make an amazing workshop! The current owner has easily leased these for decades - long term tenants that have all been moved into month-to-month leases so a new buyer has options (though they all want to stay). The income on this property speaks for itself - with a pair of 2 br units, one 1 br plus den, and a 3 br/2ba, this property would bring $60k+ per year to an investor's portfolio. Or live in one of the units and have your money working for you! There is ample off-street parking, and a cute yard with a small playground and garden area. Located just 2 short blocks behind the main business district of Vermont's Smallest (and arguably most charming) City, easy walking distance to the shops and restaurants. 30 minutes to Burlington and less than 20 minutes to Middlebury. What an opportunity!

More Info

Basic Information

StatusPEN
List Price$775,000
Date Price Change08/26/2023
MLS Number4967341
MLS StatusPending

Property

Acreage0.4
GarageStorage Above
Parking Spaces5
Lot DescriptionSidewalks
Square Feet4,592
APX Fin AG Sqft4,592
Road Frontage118
RoadsPaved, Public
AreaIn Town, Near Paths, Near Public Transportatn, Near Shopping, Village

Other

Seasonal Y/NNo
TrashDumpster
Date Listed08/26/2023
Unit 1 Deposit$1,725
Unit 2 Rent Amount$2,300
Unit 3 Rent Amount$1,400
Unit 4 Rent amount$1,600
View Count4

Location

TownVergennes
StateVT
Zip05491
CountyAddison
ZoningHN
Elementary SchoolVergennes UES #44
Junior HighVergennes UHSD #5
High SchoolVergennes UHSD #5
Flood Zone Y/NNo

Interior

FloorsVinyl, Vinyl Plank

Exterior

ExteriorVinyl, Vinyl Siding
RoofMetal
Exterior ColorWhite

Utilities

Heat FuelGas - Natural
Heat SystemRadiant
WaterPublic
Water HeaterElectric
ElectricCircuit Breaker(s)
SewerPublic
UtilitiesCable, High Speed Intrnt -AtSite, Internet - Cable

Building

Year Built1900
Building ConstructionWood Frame
StyleApartment Building, Historic Vintage
Units4
Unit 1 Bath1
Unit 1 Bedrooms2
Unit 1 Floor Location2
Unit 1 Total Rooms5
Unit 2 Bath2
Unit 2 Bedrooms3
Unit 2 Floor Location1
Unit 2 Style1st Floor Flat
Unit 2 Total Rooms6
Unit 3 Bath1
Unit 3 Bedrooms1
Unit 3 Floor Location2
Unit 3 Styleflat, upstairs,1br + den
Unit 3 Total Rooms4
Unit 4 Bath1
Unit 4 Floor Location1
Unit 4 Styleflat, downstairs, rear
Unit 4 Total Rooms5
# of 1 Bedrooms1
# of 2 Bedrooms2
# of 3+ Bedrooms1
BasementCrawl Space, Dirt, No Tenant Access, Sump Pump, Exterior Access
FoundationStone

Copyright 2023 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated October 2, 2023 6:53 AM EDT

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Your Questions & Comments I found a listing on "Ault Commercial Realty, Inc." which you may be interested in:

67 Green StreetVergennes, VT 05491MLS Number 4967341

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