20 School StreetPlainfield, VT 05667MLS Number 4740502

  • Price: $129,900
  • Est. Mortgage of $/month
  • 131 Days on Market
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Federal 30-year interest rate: 3.81% last updated on Jul 18, 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.
  • 0.07Acreage
  • 1840Year Built
  • 2,716Square Feet
  • UnknownFlood Zone Y/N

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GREAT PRICE all reasonable offers will be considered! 10% Cap rate at current price with rents low, imagine the margins you could make here with forced appreciation! This is an awesome multi family or commercial investment opportunity in the heart of Plainfield village waiting for a bright mind to bring it to its full potential. Possibilities with proper permitting might include: General store, light manufacturing, and with this amount of space multiple businesses and/or offices can be sustained along with the current residential units. Priced to sell this is a large building with a lot of character that was originally built in 1840 as a residence, and has had two additions since. This building has great exposure with frontage on both busy Route 2 and Main Street, plus a steady flow of foot traffic directly in front. The first level is fully leased with two current established businesses, and there is also a residential unit on the second level which is occupied. With tons of unrealized value to be tapped into this would be a great beginning to or addition for any portfolio. Sellers are motivated and anxious to see this historic icon operating at its peak potential again.

Listed by Nate Bartlett of StoneCrest Properties

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More Info

Basic Information

  • StatusACT
  • Property TypeMulti-Family
  • List Price$129,900
  • MLS Number4740502

Property

  • Acreage0.07
  • Parking Spaces
  • Square Feet2,716
  • APX Fin AG Sqft2,716
  • Road Frontage100
  • RoadsPublic
  • Lot DescriptionCorner, Rental Complex, Sidewalks, Waterfront

Location

  • TownPlainfield
  • StateVT
  • Zip05667
  • CountyWashington
  • ZoningPlainfield
  • Flood Zone Y/NUnknown

Exterior

  • ExteriorWood
  • RoofMembrane, Metal

Utilities

  • Heat FuelOil
  • Heat SystemBaseboard, Radiator
  • WaterPublic
  • Water HeaterElectric
  • Electric100 Amp
  • SewerPublic

Building

  • Year Built1840
  • Building ConstructionWood Frame
  • StyleMulti-Family
  • Units4
  • # of 1 Bedrooms2
  • # of 2 Bedrooms1
  • # of 3 Bedrooms1
  • BasementSlab, Stairs - Interior, Storage Space, Unfinished
  • FoundationBlock, Concrete, Stone

Other

  • Taxes$3,501
  • Seasonal Y/NNo
  • View Count50
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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 July 23, 2019.

 

 

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