7 Winter Street Montpelier VT Multi Family For Sale $795000

List Price: $795,000 | $169 per sq.ft. Multi Family A 7 Unit Multi Family Home
With 5 One Bedroom Units , 2 - Two Bedroom Units ,0 - Three Bedroom Units
Date Listed Wednesday Nov 20, 2024 | MLS# 5022765

Low maintenance stained cedar shake siding

Huge off street parking area in the back.

Coin Op Washer/Dryer

To see this Listing

call
603-643-3942

VIEW / SEND WISHLIST

Address: 7 Winter Street Montpelier VT
Listed by JC Earle EXP Realty Cell: 802-485-9900
Description:
Well maintained 7 Unit building in sought after "Meadows" neighborhood between downtown and Hubbard park. 9% cap rate with room for increases in rents makes this an attractive investment. Tenants pay heat and electricity. Entirely updated electrical and recent updates make this a low maintenance solid investment. Super easy to rent these great units with quick walk to downtown and Hubbard park, yet tucked away on a quiet street. Owner went through and updated each apartment in the building as they became available over the past 14 years. Every piece of electrical replaced in that period and most of the plumbing. Extra time and care was given to updates with an eye towards quality, low maintenance and longevity. Enormous parking area gives the tenants much sought after off street parking. More than 1 unblocked parking spot per bedroom with a back yard and front yard. All the roofs other than the very upper roof have been replaced. Insulation and weatherization have been improved throughout. Pride of ownership is evident throughout this multi family. Seller is also the listing agent, a licensed real estate agent in the state of Vermont. Extremely limited assisted showing windows available. Showings 1pm to 3pm on Friday 11/22 and Monday 11/25 12pm to 2pm. More showings may happen 1st week of December. Property is smoke free, and mostly pet free. No cats or dogs. Super low maintenance yet attractive siding. Make an appointment as this one won't last. Operating Expenses : Insurance,Snow Removal,Trash,Utilities,Water/Sewer

Annual Expenses

Taxes: $14,835

Income
Gross Income | $93,000
NetIncome | $72,195

UNIT 1 INFORMATION

Beds: 1
Baths: 1
Rooms: 3
Level: 1
Tenant Pays : Electric,Heat
Rent : 970.00 Monthly
Signed Lease : Yes
Status : Month to Month

UNIT 2 INFORMATION

Beds: 1
Baths: 1
Rooms: 3
Level: 1&2
Tenant Pays : Electric,Heat
Rent : 1130.00 Monthly
Lease Term : Month to Month
Signed Lease : Yes
Status : Leased

UNIT 3 INFORMATION

Beds: 2
Baths: 1
Rooms: 4
Level: 1
Tenant Pays : Electric,Heat
Rent : 1225.00 Monthly
Status : Leased

UNIT 4 INFORMATION

Beds: 1
Baths: 1
Rooms: 5
Level: 1
Tenant Pays : Electric,Heat
Rent : 1075.00 Monthly
Lease Term : Annual
Status : Leased

UNIT 5 INFORMATION

Beds: 1
Baths: 1
Rooms: 4
Level: 2
Tenant Pays : Electric,Heat
Rent : 975.00 Monthly
Signed Lease : Yes

UNIT 6 INFORMATION

Beds: 1
Baths: 1
Rooms: 5
Level: 2
Tenant Pays : Electric,Heat
Rent : 990.00 Monthly
Signed Lease : Yes

UNIT 7 INFORMATION

Beds: 2
Baths: 1
Level: 3
Tenant Pays : Electric,Heat
Rent : 1385.00 Monthly

Construction: Wood Frame
Year Built: 1878
Style: Apartment Building
Floors | Stories: 3
No. Elevators:
Total Sq.Ft. Finished: 5980
Above Grade Sq.Ft.: 4700
Basement: Concrete Floor | Unfinished
Foundation: Fieldstone

Roof: Corrugated | Membrane | Shingle - Asphalt
Seasonal: No

Additional Information
Easement - No
Taxes $14,835
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

Big Green Real Estate is not affiliated with nor officially sanctioned by Dartmouth College

Copyright © 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. 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 November 22nd, 2024

Licensed Real Estate Broker in NH and VT read more ...

PLEASE NOTE: Both New Hampshire and Vermont law require brokers and agents to disclose at the “time of first business meeting, prior to any discussion of confidential information”, in New Hampshire’s case, and “first reasonable opportunity”, in Vermont’s case, the nature of the relationships brokers have or may have with customers and clients. Each state requires that a disclosure form be presented to consumers for their review and acknowledgment at the appropriate time. These forms can be accessed at the following websites and you are encouraged to read these documents.Big Green Real Estate chooses as a business model to represent both buyers and sellers; please do not assume, without any contractual agreement otherwise, that Big Green Real Estate at this time represents your interests as an agent.
VT: VERMONT REAL ESTATE COMMISSION MANDATORY CONSUMER DISCLOSURE FORM
NH: NEW HAMPSHIRE REAL ESTATE COMMISSION BROKERAGE RELATIONSHIP DISCLOSURE FORM

Web Sites Designed and Hosted by Business Services Consultants.