List Price: $795,000 | $173 per sq.ft. Multi Family A 4 Unit Multi Family Home
With 1 One Bedroom Units , 2 - Two Bedroom Units ,1 - Three Bedroom Units
Under Contract Date Listed Wednesday May 15, 2024 | MLS# 4995640
With 1 One Bedroom Units , 2 - Two Bedroom Units ,1 - Three Bedroom Units
Under Contract Date Listed Wednesday May 15, 2024 | MLS# 4995640
To see this Listing
Address: 67 Green Street Vergennes VT
Listed by Sandy Palmer Vermont Real Estate Company
Description:
SOME OWNER FINANCING POSSIBLE. Also... PROPERTY COULD QUALIFY FOR 5% DOWN FHA PROGRAM FOR APPROVED BUYERS WHO WANT TO LIVE IN ONE OR MORE OF THE UNITS! Incredible investment opportunity. This four unit apartment building has been lovingly maintained by the same owner for decades with low-maintenance and profitability in mind. The building has been updated with vinyl siding and windows, a metal roof, a brand new natural gas boiler, solar panels, carpet-free units, and a massive 5+ car garage with storage above offering tons of potential. The current owner has easily leased these for decades - tenants that have all been moved into month-to-month leases so a new buyer has options (though they all want to stay). The income on this property speaks for itself - with a pair of 2 br units, one 1 br plus den, and a 3 br/2ba, this property would bring $60k+ per year to an investor's portfolio. Or live in one of the units and have your money working for you! There is ample off-street parking, and a cute yard with a small playground and garden area. Located just 2 short blocks behind the main business district of Vermont's Smallest (and arguably most charming) City, easy walking distance to the shops and restaurants. 30 minutes to Burlington and less than 20 minutes to Middlebury. Operating Expenses : Heat,Insurance,Maintenance,Sewer,Snow Removal,Trash,Utilities,Water,Water/Sewer
Annual Expenses
Taxes: $9,709
Taxes: $9,709
Income
Gross Income | $86,700
NetIncome | $62,209
Gross Income | $86,700
NetIncome | $62,209
UNIT 1 INFORMATION
Beds: 2
Baths: 1
Rooms: 5
Sq.Ft.: 1080
Level: 2
Tenant Pays : Electric,Internet Service
Rent : 1575.00 Monthly
Lease Term : Month to Month
Signed Lease : Yes
Status : Leased
UNIT 2 INFORMATION
Beds: 3
Baths: 2
Rooms: 6
Sq.Ft.: 1200
Level: 1
Lease Term : Owner Occupied
Signed Lease : No
Status : Owner Occupied
UNIT 3 INFORMATION
Beds: 1
Baths: 1
Rooms: 4
Level: 2
Tenant Pays : Electric,Internet Service
Rent : 1600.00 Monthly
Lease Term : Month to Month
Signed Lease : Yes
Status : Leased
UNIT 4 INFORMATION
Beds: 2
Baths: 1
Rooms: 4
Sq.Ft.: 1080
Level: 1
Rent : 1400.00 Monthly
Lease Term : Month to Month
Status : Leased
Construction: Wood Frame
Year Built: 1900
Style: Historic Vintage
Floors | Stories: 2
No. Elevators:
Total Sq.Ft. Finished: 4592
Above Grade Sq.Ft.: 4592
Basement: Crawl Space | Dirt Floor | Partial | Sump Pump
Foundation: Stone
Year Built: 1900
Style: Historic Vintage
Floors | Stories: 2
No. Elevators:
Total Sq.Ft. Finished: 4592
Above Grade Sq.Ft.: 4592
Basement: Crawl Space | Dirt Floor | Partial | Sump Pump
Foundation: Stone
Exterior Color: White
Roof: Metal
Seasonal: No
Roof: Metal
Seasonal: No
Heating: Natural Gas | Baseboard
Cooling: None
Electric: Circuit Breaker(s)
Utilities: Cable | Gas - On-Site
Electric Meters: 4
Gas_Meters: 4
Water: Public
Sewer: Public
Cooling: None
Electric: Circuit Breaker(s)
Utilities: Cable | Gas - On-Site
Electric Meters: 4
Gas_Meters: 4
Water: Public
Sewer: Public
Land Information
Sidewalks | In Town | Near Shopping | Near Public Transportatn
Lot size: 0.4 acres
Zoned: HN)
Surveyed: Unk
Flood Zone: Unknown
Roads: Paved | Public
Road Frontage: 118
Driveway: Paved
Sidewalks | In Town | Near Shopping | Near Public Transportatn
Lot size: 0.4 acres
Zoned: HN)
Surveyed: Unk
Flood Zone: Unknown
Roads: Paved | Public
Road Frontage: 118
Driveway: Paved
Additional Information
Taxes $9,709
Assesed Value Not Reported
Taxes $9,709
Assesed Value Not Reported
Schools
School District: Addison Northwest
Elementary School: Vergennes UES #44
Middle School: Vergennes UHSD #5
High School: Vergennes UHSD #5
School District: Addison Northwest
Elementary School: Vergennes UES #44
Middle School: Vergennes UHSD #5
High School: Vergennes UHSD #5
