52-68 Northfield StreetMontpelier, VT 05602MLS Number 4868060

  • Price: $900,000
  • Est. Mortgage of $/month
  • 116 Days on Market
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Federal 30-year interest rate: 3.05% last updated on Oct 14, 2021
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52-68 Northfield Street Montpelier VT 0560252-68 Northfield Street Montpelier VT 0560252-68 Northfield Street Montpelier VT 0560252-68 Northfield Street Montpelier VT 0560252-68 Northfield Street Montpelier VT 0560252-68 Northfield Street Montpelier VT 0560252-68 Northfield Street Montpelier VT 0560252-68 Northfield Street Montpelier VT 0560252-68 Northfield Street Montpelier VT 0560252-68 Northfield Street Montpelier VT 0560252-68 Northfield Street Montpelier VT 0560252-68 Northfield Street Montpelier VT 0560252-68 Northfield Street Montpelier VT 0560252-68 Northfield Street Montpelier VT 0560252-68 Northfield Street Montpelier VT 0560252-68 Northfield Street Montpelier VT 0560252-68 Northfield Street Montpelier VT 0560252-68 Northfield Street Montpelier VT 05602
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  • 3.39Acreage
  • 9Bathrooms
  • 1900Year Built
  • 9,241Square Feet

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Listed by Ray Mikus of Green Light Real Estate
Nine good units, with plenty of parking in the heart of Montpelier. This multifamily package consists of three buildings and two building lots. 52 has four one-bedroom units. Both upstairs units have access to the full attic. Landlord pays heat for 52. Additional living space or bedrooms? The downstairs units have access to the basement for storage. 56 has a 4-bedroom and two 2-bedroom units. The 2-bedroom units were completely redone by Clar Construction in the past few years, including wood floors, new kitchens, bathrooms, heat pumps, everything. Please note that the current owner has structured such that one of the 2-bedrooms in 56 works as the "super" in exchange for rent and utilities. Tenants (except the super) pay heat and electricity for 56. 68 has two 3-bedroom units, each with access to the full attic and basement. Tenants pay heat and electricity in 68. These units are easy to rent. The property is, and usually is, fully rented. Many long term tenants, including some who have been there for 20 years or more. The buildings are in differing condition. A couple units in 52 could benefit from updating, but the rest are fine/very good. Rents have not been raised in a couple years, opportunity to increase rents throughout, even more so if rooms are added. Also included are two adjacent lots. More multis? Storage? Single family? Being offered as a package. Serious inquiries only. See attachments for financial details.

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More Info

Basic Information

  • StatusACT
  • List Price$900,000
  • MLS Number4868060
  • MLS StatusActive

Property

  • Acreage3.39
  • Parking Spaces
  • Square Feet9,241
  • APX Fin AG Sqft9,241
  • Road Frontage200
  • RoadsPaved, Public
  • Lot DescriptionLandscaped, Rental Complex

Utilities

  • Heat FuelElectric, Oil
  • Heat SystemHeat Pump, Hot Air, Hot Water, Mini Split
  • UtilitiesCable - Available, High Speed Intrnt -Avail, Internet - Cable
  • WaterPublic
  • Water HeaterElectric, Oil
  • ElectricCircuit Breaker(s)
  • SewerPublic

Location

  • TownMontpelier
  • StateVT
  • Zip05602
  • CountyWashington
  • ZoningNfld Street-North
  • Elementary SchoolUnion Elementary School
  • Junior HighMain Street Middle School
  • High SchoolMontpelier High School
  • Flood Zone Y/NNo

Exterior

  • ExteriorWood
  • RoofShingle - Architectural

Amenities

  • Exterior AmenitiesDeck, Porch - Covered

Other

  • Taxes$22,727
  • Seasonal Y/NNo
  • Unit 1 Deposit$871
  • Unit 2 Rent Amount$700
  • Unit 3 Rent Amount$700
  • Unit 4 Rent amount$925
  • Unit 5 Rent amount$1,250
  • Unit 7 Rent amount$1,250
  • Unit 8 Rent amount$1,150
  • View Count7

Building

  • Year Built1900
  • Building ConstructionWood Frame
  • StyleApartment Building
  • Units9
  • Unit 1 Bath1
  • Unit 1 Bedrooms1
  • Unit 2 Bath1
  • Unit 2 Bedrooms1
  • Unit 3 Bath1
  • Unit 3 Bedrooms1
  • Unit 4 Bath1
  • Unit 5 Baths1
  • Unit 5 Bedrooms3
  • Unit 6 Bedrooms2
  • # of 1 Bedrooms4
  • Unit 7 Bedrooms3
  • # of 2 Bedrooms2
  • # of 3 Bedrooms3
  • Unit 8 Bedrooms3
  • Bathroom9
  • Total Baths9
  • BasementConcrete, Full
  • FoundationConcrete, Stone
StoneCrest Properties
StoneCrest Properties
Office: 802-626-4790
101 Depot Street
Lyndonville, VT 05851
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Copyright 2021 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 October 16, 2021.

 

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