43 E State Street Montpelier VT Multi Family For Sale $649000

List Price: $649,000 | $232 per sq.ft. Multi Family A 4 Unit Multi Family Home
With 3 One Bedroom Units , 1 - Two Bedroom Units ,0 - Three Bedroom Units
Date Listed Friday Oct 4, 2024 | MLS# 5017370

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Address: 43 E State Street Montpelier VT
Listed by Jeanne Felmly Dome Real Estate Group LLC
Description:
Exceptional opportunity to purchase a four unit multi family in the heart of downtown Montpelier! Completely renovated in 1984, including a poured concrete foundation and new electric and plumbing, this income producing property is ready for new ownership after over 40 years. Three of the four units have beautiful hardwood flooring throughout as well as assigned off street parking. Convenient to all amenities: public transportation, shopping, dining/bars, hospital and the I89 corridor. A perfect candidate for a 1031 exchange. This offering has been thoughtfully cared for over the decades and will be the perfect fit for the discerning investor.
Location : Business District | Historic District | In Town | Near Shopping | Neighborhood | Near Public Transportatn | Near Hospital
Operating Expenses : Heat,Insurance,Maintenance,Other,Snow Removal,Trash,Water/Sewer

Annual Expenses

Taxes: $10,609

Income
Gross Income | $57,000
NetIncome | $39,217

Appliances : Water Heater � Electric

UNIT 1 INFORMATION

Beds: 1
Baths: 1
Rooms: 3
Level: 1
Info : Appliances Included,CO Detector,Heat Included,Range - Electric,Refrigerator,Smoke Detector
Tenant Pays : Electric
Rent : 1250.00 Monthly
Lease Term : Month to Month
Signed Lease : Yes
Status : Leased

UNIT 2 INFORMATION

Beds: 2
Baths: 1
Rooms: 4
Level: 2
Info : Appliances Included,Dishwasher,Dryer,Heat Included,Porch,Range - Electric,Refrigerator,Washer
Tenant Pays : Electric
Rent : 1750.00 Monthly
Lease Term : Month to Month
Signed Lease : Yes
Status : Leased

UNIT 3 INFORMATION

Beds: 1
Baths: 1
Rooms: 3
Level: 1
Info : Appliances Included,CO Detector,Range - Electric,Refrigerator,Smoke Detector
Tenant Pays : Electric,Heat
Rent : 850.00 Monthly
Lease Term : Annual
Signed Lease : Yes
Status : Leased

UNIT 4 INFORMATION

Beds: 1
Baths: 1
Rooms: 3
Level: 2
Info : Appliances Included,CO Detector,Range - Electric,Refrigerator,Smoke Detector
Tenant Pays : Electric,Heat
Rent : 900.00 Monthly
Lease Term : Annual
Status : Leased

Construction: Clapboard Exterior
Year Built: 1877
Style: Apartment Building
Floors | Stories: 2
No. Elevators:
Total Sq.Ft. Finished: 3482
Above Grade Sq.Ft.: 2793
Basement: Stairs - Interior | Unfinished | Interior Access
Foundation: Concrete

Exterior Features:
Porch - Covered
Exterior Color: Grey
Roof: Membrane
Garage And Parking: Assigned | Off Street
Seasonal: No

Heating: Gas Heater
Cooling: None
HeatFuel: Gas - LP/Bottle
Electric: 100 Amp
Utilities: Gas - LP/Bottle
Electric Meters: 4
Gas_Meters: 4
Water: Public
Sewer: Public

Land Information
City Lot | Sidewalks
Lot size: 0.24 acres
Zoned: RESD 1)
Surveyed: Unk
Flood Zone: No
Roads: Paved | Public
Road Frontage: 85
Driveway: Paved

Additional Information
Docs Available : Aerials | Deed | Lease Agreements | Property Disclosure | Tax Map
Easement - Yes
Taxes $10,609
Assesed Value Not Reported

Schools
School District: Montpelier School District
Elementary School: Union Elementary School
Middle School: Main Street Middle School
High School: Montpelier High School

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

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