List Price: $697,000 | $223 per sq.ft. Multi Family A 3 Unit Multi Family Home
With 1 One Bedroom Units , 2 - Two Bedroom Units ,0 - Three Bedroom Units
Date Listed Sunday Jun 9, 2024 | MLS# 4999633
With 1 One Bedroom Units , 2 - Two Bedroom Units ,0 - Three Bedroom Units
Date Listed Sunday Jun 9, 2024 | MLS# 4999633
Rear Parking
Two Bedroom-Unit C
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One Bedroom Unit B
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Three Bedroom Unit A
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To see this Listing
Address: 45 Court Street Middlebury VT
Listed by Deborah Fortier KW Vermont
Description:
Collect $5840 per month from fully leased apartments ! Historic Victorian Multifamily Home in Downtown Middlebury, VT Discover a piece of history with this charming Victorian multifamily home, built in 1840, located in the heart of downtown Middlebury. This well-maintained property features three distinct units: a 1-bedroom and a 2-bedroom on the ground level, and a spacious 2-bedroom with large bonus rooms on the upper floors. All apartments are fully leased with quality tenants generating $5840 income per month. All tenants have an on time payment history. Property Highlights Investment Opportunity: This property offers a solid return on investment in a high-demand rental market. Recent Upgrades: Enjoy modern living with renovated lower-level apartments with open concept designs, blending contemporary comfort with historic charm. Prime Location: Situated within walking distance to local shops, restaurants, and cultural attractions, making it highly desirable for tenants. Well-Maintained: The property has been carefully maintained to preserve its historic character while incorporating modern amenities. This is a rare opportunity to own a historic gem in Middlebury, offering both stability and growth potential. Don't miss out on this exceptional investment in a vibrant community. For more information or to schedule a viewing, contact us today!
Location : Business District | Commercial Zoning | In Town | Near Shopping | Near Public Transportatn | Near Hospital
Operating Expenses : Heat,Insurance,Maintenance,Other,Sewer,Snow Removal,Trash,Utilities,Water/Sewer
Occupant Restrictions : Pets - Negotiable | References | Smoking - No | Tenancy Check
Annual Expenses
Taxes: $7,039
Taxes: $7,039
Income
Gross Income | $64,680
NetIncome | $44,586
Gross Income | $64,680
NetIncome | $44,586
Appliances : Water Heater – Off Boiler
UNIT 1 INFORMATION
Beds: 2
Baths: 1
Rooms: 5
Sq.Ft.: 759
Level: 1
Info : Air Conditioner,Appliances Included,CO Detector,Deck,Dishwasher,Dryer,Heat - Natural Gas,Heat Included,Hot Water,Kitchen Island,Laundry Hookup,Microwave,Mudroom,Porch,Range - Electric,Refrigerator,Smoke Detector,Washer
Tenant Pays : TV Service
Rent : 1950.00 Monthly
Lease Term : Annual
Signed Lease : Yes
Status : Leased
UNIT 2 INFORMATION
Beds: 1
Baths: 1
Rooms: 4
Sq.Ft.: 741
Level: 1
Style : One bedroom rental
Info : Air Conditioner,Appliances Included,Deck,Dryer,Heat - Natural Gas,Heat Included,Hot Water,Kitchen Island,Laundry Hookup,Microwave,Mudroom,Porch,Range - Electric,Refrigerator,Smoke Detector,Washer,Water Heater
Tenant Pays : TV Service
Rent : 1490.00 Monthly
Lease Term : Month to Month
Signed Lease : Yes
Status : Leased
UNIT 3 INFORMATION
Beds: 2
Baths: 1
Rooms: 6
Sq.Ft.: 1595
Level: 2
Style : Two bedrooms with Bonus Room
Info : Appliances Included,CO Detector,Deck,Dishwasher,Dryer,Heat - Natural Gas,Heat Included,Hot Water,Laundry Hookup,Microwave,Range - Gas,Refrigerator,Smoke Detector,Washer,Water Heater
Tenant Pays : TV Service
Rent : 2400.00 Monthly
Lease Term : Annual
Signed Lease : No
Status : Leased
Construction: Clapboard Exterior | Wood Exterior
Year Built: 1840
Style: Victorian
Floors | Stories: 2.5
No. Elevators:
Total Sq.Ft. Finished: 4368
Above Grade Sq.Ft.: 3120
Basement: Concrete Floor | Dirt | No Tenant Access | Stairs - Interior | Sump Pump | Unfinished | Interior Access
Foundation: Stone
Year Built: 1840
Style: Victorian
Floors | Stories: 2.5
No. Elevators:
Total Sq.Ft. Finished: 4368
Above Grade Sq.Ft.: 3120
Basement: Concrete Floor | Dirt | No Tenant Access | Stairs - Interior | Sump Pump | Unfinished | Interior Access
Foundation: Stone
Exterior Features:
Deck | Porch - Covered
Exterior Color: Blue
Roof: Shingle - Asphalt | Slate
Garage And Parking: Driveway | On-Site | Parking Spaces 5 | Paved
Seasonal: No
Deck | Porch - Covered
Exterior Color: Blue
Roof: Shingle - Asphalt | Slate
Garage And Parking: Driveway | On-Site | Parking Spaces 5 | Paved
Seasonal: No
Heating: Baseboard | Floor Furnace | Heat Pump | Hot Water | Multi Zone
Cooling: Mini Split
HeatFuel: Electric | Gas - Natural
Electric: 100 Amp
Trash: Owner | Recycle
Utilities: Cable | Gas - On-Site | Underground Utilities
Electric Meters: 1
Gas_Meters: 1
Water: Public
Sewer: Public
Cooling: Mini Split
HeatFuel: Electric | Gas - Natural
Electric: 100 Amp
Trash: Owner | Recycle
Utilities: Cable | Gas - On-Site | Underground Utilities
Electric Meters: 1
Gas_Meters: 1
Water: Public
Sewer: Public
Land Information
Landscaped | Level | Major Road Frontage | Sidewalks
Lot size: 0.2 acres
Zoned: GC-General Comm)
Surveyed: Unk
Flood Zone: No
Roads: Paved | Public
Road Frontage: 82
Driveway: Gravel
Landscaped | Level | Major Road Frontage | Sidewalks
Lot size: 0.2 acres
Zoned: GC-General Comm)
Surveyed: Unk
Flood Zone: No
Roads: Paved | Public
Road Frontage: 82
Driveway: Gravel
Additional Information
Occupant Restrictions : Pets - Negotiable | References | Smoking - No | Tenancy Check
Docs Available : Aerials | Deed | Lease Agreements | Other | Plat/Grid Map | Property Disclosure | Tax Map
Easement - Yes
ROW Length: 175
ROW Width: 10
Row For Other Parcel: Y
Taxes $7,039
Assesed Value Not Reported
Occupant Restrictions : Pets - Negotiable | References | Smoking - No | Tenancy Check
Docs Available : Aerials | Deed | Lease Agreements | Other | Plat/Grid Map | Property Disclosure | Tax Map
Easement - Yes
ROW Length: 175
ROW Width: 10
Row For Other Parcel: Y
Taxes $7,039
Assesed Value Not Reported
Schools
School District: Addison Central
Elementary School: Middlebury ID #4 School
Middle School: Middlebury Union Middle #3
High School: Middlebury Senior UHSD #3
School District: Addison Central
Elementary School: Middlebury ID #4 School
Middle School: Middlebury Union Middle #3
High School: Middlebury Senior UHSD #3
