SOME OWNER FINANCING POSSIBLE. Also... PROPERTY COULD QUALIFY FOR 5% DOWN FHA PROGRAM FOR APPROVED BUYERS WHO WANT TO LIVE IN ONE OR MORE OF THE UNITS! Incredible investment opportunity. This four unit apartment building has been lovingly maintained by the same owner for decades with low-maintenance and profitability in mind. The building has been updated with vinyl siding and windows, a metal roof, a brand new natural gas boiler, solar panels, carpet-free units, and a massive 5+ car garage with storage above offering tons of potential. The current owner has easily leased these for decades - 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.

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Tax Information

Tax Year2023

Building

Year Built1900
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 Total Rooms6
Unit 3 Bath1
Unit 3 Bedrooms1
Unit 3 Floor Location2
Unit 3 Total Rooms4
Unit 4 Bath1
Unit 4 Floor Location1
Unit 4 Total Rooms4
# of 1 Bedrooms1
# of 2 Bedrooms2
# of 3+ Bedrooms1
Bathroom5
Total Baths5
BasementCrawl Space, Dirt Floor, Partial, Sump Pump
FoundationStone

Basic Information

StatusACT
List Price$795,000
Date Price Change05/15/2024
MLS Number4995640
MLS StatusActive

Property

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

Utilities

Heat FuelGas - Natural
Heat SystemBaseboard
ElectricCircuit Breaker(s)
SewerPublic
UtilitiesCable, Gas - On-Site

Location

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

Interior

FloorsVinyl, Wood, Vinyl Plank

Exterior

RoofMetal
Exterior ColorWhite

Amenities

PricePerSqFt173.13

Other

Taxes$9,708.52
Seasonal Y/NNo
Date Listed05/15/2024
Unit 1 Deposit$1,575
Unit 3 Rent Amount$1,600
Unit 4 Rent amount$1,400
View Count25

Copyright 2024 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 4, 2024 4:10 PM EDT

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