41 North Main Street Wells River VT Multi Family For Sale $269000

List Price: $269,000 | $30 per sq.ft. Multi Family A 5 Unit Multi Family Home
With 2 One Bedroom Units , 1 - Two Bedroom Units ,1 - Three Bedroom Units
Under Contract Date Listed Wednesday Mar 19, 2025 | MLS# 5033105

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Address: 41 North Main Street Wells River VT
Listed by Maurice Chaloux Parkway Realty
Description:
Here's an anchor building in the heart of downtown Wells River. The first floor commercial space currently is occupied by Tuttle's Family Diner. It is bustling restaurant where many local regulars and tourists meet for a hearty breakfast lunch or dinner. There is also a bakery and gift shop with fresh baked goods and local items for sale. On the 2nd and thrid floors, there are 4 residential units - one 4 bedroom unit on the 2nd and 3rd floors, a 2 bedroom with a 2nd floor hall and all rooms on the 3rd floor and two 1 bedroom units on the 2nd floor. Four tenants pay for their own electricity, phone, and internet. Heat is included in the rent and is provided from a nearly new oil steam boiler. There is a 2nd floor enclosed porch on the back of the building that is accessible from 3 of the units. The building has a sprinkler system so fire safety regulations are somewhat less stringent. Come check out this iinvestment that is a piece of Wells River history. Income and expenses are estimated or projected. Operating Expenses : Heat,Insurance,Maintenance,Professional Management,Other,Sewer,Trash,Utilities,Water/Sewer

Annual Expenses

Taxes: $10,155

Income
Gross Income | $81,600

UNIT 1 INFORMATION

Beds: 4
Baths: 2
Rooms: 3
Sq.Ft.: 1750
Level: 2 and 3
Info : Appliances Included,CO Detector,Cooktop - Electric,Dishwasher,Dryer,Kitchen Island,Oven - Wall,Range - Electric,Refrigerator,Smoke Detector,Washer
Tenant Pays : Electric
Rent : 1900.00 Monthly
Lease Term : Month to Month
Signed Lease : Yes
Status : Leased

UNIT 2 INFORMATION

Beds: 2
Baths: 1
Rooms: 4
Sq.Ft.: 1484
Level: 2 and 3
Style : 2nd and 3rd floor unit
Info : Appliances Included,Heat Included,Range - Electric,Refrigerator
Tenant Pays : TV Service
Rent : 1050.00 Monthly
Lease Term : Month to Month
Signed Lease : Yes
Status : Leased

UNIT 3 INFORMATION

Beds: 1
Baths: 1
Rooms: 3
Sq.Ft.: 680
Level: 2
Style : 2nd floor unit
Info : Appliances Included,CO Detector,Range - Electric,Refrigerator,Smoke Detector
Tenant Pays : Electric,TV Service
Rent : 900.00 Monthly
Lease Term : Month to Month
Signed Lease : Yes
Status : Leased

UNIT 4 INFORMATION

Beds: 1
Baths: 1
Rooms: 3
Sq.Ft.: 893
Level: 2
Style : 2nd floor unit
Info : Appliances Included,CO Detector,Range - Electric,Refrigerator,Smoke Detector
Tenant Pays : Electric,TV Service
Rent : 750.00 Monthly
Lease Term : Month to Month
Status : Leased

Exterior Color: Mustard
Roof: Membrane
Garage And Parking: Off Premises | On-Site | Parking Spaces 1 - 10
Seasonal: No

Heating: Steam
Cooling: Mini Split
Electric: 100 Amp | Circuit Breaker(s)
Utilities: Cable - At Site
Electric Meters:
Water: Community
Sewer: Community

Land Information
City Lot | Level | In Town
Lot size: 0.19 acres
Zoned: Commercial)
Surveyed: Yes
SurveyedBy: Kidder Surveyin
Flood Zone: Unknown
Road Frontage: 76
Driveway: Paved

Additional Information
Taxes $10,155
Assesed Value Not Reported

Schools
School District: Blue Mountain USD 21
Elementary School: Blue Mountain USD #21
Middle School: Blue Mountain USD #21
High School: Blue Mountain USD #21

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

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