1115 Route 4a West Castleton VT Multi Family For Sale $287500

List Price: $287,500 | $42 per sq.ft. Multi Family A 4 Unit Multi Family Home
With 2 One Bedroom Units , 0 - Two Bedroom Units ,0 - Three Bedroom Units
Date Listed Saturday Oct 14, 2023 | MLS# 4974336

Address: 1115 Route 4a West Castleton VT
Listed by Hughes Group Team Casella Real Estate
Description:
Discover an exceptional investment opportunity with this versatile 4-unit multiuse building. This property features a strategic mix of two spacious offices and 2 two-bedroom open-concept apartments, providing a diverse range of potential income streams. Unlock the full potential of this property with the possibility to convert the existing office space into additional apartments, enhancing rental income and maximizing return on investment. The finished space in the basement offers even more possibilities, whether utilized as a studio, office, or transformed into an extra apartment. 1.21 acres of the property are leased to the Town of Castleton through June of 2086 for an annual amount of $1. The purpose of this lease is for a community recreation area, no structures may be built on the property. Don't miss the chance to own a property that not only offers immediate revenue but also provides strategic options for future growth. Call today to schedule a viewing and explore the endless possibilities this multiuse building presents. Building is on the National Register of Historic Places.

Annual Expenses

Taxes: $7,331

Income

Appliances : Water Heater � Electric

Construction: Wood Frame | Wood Siding
Year Built: 1890
Style: Other
Floors | Stories: 2
No. Elevators:
Total Sq.Ft. Finished: 7319
Above Grade Sq.Ft.: 6449
Below Grade Sq.Ft.: 435
Basement: Partially Finished
Foundation: Stone

Roof: Slate
Seasonal: No

Heating: Oil | Baseboard | Forced Air | Hot Water
Cooling: Central AC
Electric: Circuit Breaker(s)
Utilities: Other
Electric Meters:
Water: Drilled Well
Sewer: Public

Land Information
Level
Lot size: 2.02 acres
Zoned: commercial)
Surveyed: Yes
Flood Zone: Unknown
Roads: Paved | Public
Driveway: Gravel

Additional Information
Taxes $7,331
Assesed Value Not Reported

Schools

5 Old Nugget Alley, Hanover, NH 03755 603-643-3942

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