281-285 River StreetMontpelier, VT 05602MLS Number 4682067

  • Price: $425,000
  • Est. Mortgage of $/month
  • 429 Days on Market
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Federal 30-year interest rate: 4.06% last updated on May 23, 2019
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 5.86Acreage
  • 1900Year Built
  • 4,965Square Feet
  • 7Units

Driving Directions

Rare opportunity to own a Montpelier commercial property on a 5.86 acre parcel. Conveniently located at the junction of Route 2 and Route 302. The property has three separate buildings with 7 rental units and potential for 8 more. One building contains 6 apartments; two 2-bedroom units, three efficiency units and one 1-bedroom unit. There is also a 2-bedroom cottage. The units in both of these buildings are currently occupied. The third building needs extensive renovation, is vacant and contains 8 efficiency units. The 6 unit building and the cottage have had significant upgrades and new roofs in 2010 and 2011. Buyers use your imagination. There is so much potential here! The seller is a licensed Vermont real estate agent.

Listed by Michelle Hebert of William Raveis Barre

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More Info

Basic Information

  • StatusACT
  • Property TypeMulti-Family
  • List Price$425,000
  • Date Price Change03/14/2019
  • MLS Number4682067

Property

  • Acreage5.86
  • Parking Spaces
  • Square Feet4,965
  • APX Fin AG Sqft4,965
  • Road Frontage787
  • RoadsPublic
  • Lot Description
    • Commercial Zoning
    • Near Golf Course
    • Near Public Transportatn Hilly
    • Near Shopping
    • Rental Complex
    • Sloping

Other

  • Taxes$8,025
  • Seasonal Y/NNo
  • Insurance Exp$2,934
  • Unit 1 Deposit$825
  • Unit 2 Rent Amount$895
  • Unit 3 Rent Amount$895
  • Unit 4 Rent amount$775
  • Unit 5 Rent amount$650
  • Unit 7 Rent amount$850
  • View Count23

Location

  • TownMontpelier
  • StateVT
  • Zip05602
  • CountyWashington
  • ZoningCommercial
  • Flood Zone Y/NNo

Exterior

  • ExteriorVinyl Siding, Wood Siding
  • RoofMetal, Shingle - Architectural
  • Exterior ColorWhite

Utilities

  • Heat FuelGas - LP/Bottle, Oil
  • Heat SystemBaseboard, Gas Heater
  • WaterPublic
  • Water HeaterOwned
  • ElectricCircuit Breaker(s)
  • SewerPublic

Building

  • Year Built1900
  • Building ConstructionWood Frame
  • StyleApartment Building
  • Units7
  • Unit 1 Bath1
  • Unit 1 Bedrooms1
  • Unit 1 Floor Location1
  • Unit 1 Total Rooms2
  • Unit 2 Bath1
  • Unit 2 Bedrooms2
  • Unit 2 Floor Location2
  • Unit 2 Total Rooms5
  • Unit 3 Bath1
  • Unit 3 Bedrooms2
  • Unit 3 Floor Location1
  • Unit 3 Total Rooms4
  • Unit 4 Bath1
  • Unit 4 Floor Location2
  • Unit 4 Total Rooms3
  • Unit 5 Baths1
  • Unit 5 Bedrooms1
  • Unit 6 Baths1
  • Unit 6 Bedrooms1
  • Unit 7 Baths1
  • # of 1 Bedrooms1
  • Unit 7 Bedrooms2
  • # of 2 Bedrooms3
  • BasementConcrete Floor, Dirt Floor, Sump Pump, Unfinished
  • FoundationConcrete, Post/Piers, Slab - Concrete
StoneCrest Properties
StoneCrest Properties
Office: 802-424-1790
1372 Main Street
St Johnsbury, VT 05819
Broker Reciprocity

Copyright 2019 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the IDX Program of NEREN. 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 May 25, 2019.

 

 

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