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

$1,450,000

MLS# 4991351
5084 sq.ft. Bedroom | 0 Bathroom
Multi Family
184 Elm Street Montpelier VT 		 
$1,450,000 | $285 per sq.ft. | MLS# 4991351 A 6  Unit Multi Family Home, 184 Elm Street Montpelier VT With 3 - One Bedroom Units | 3 - Two Bedroom Units

Description:
Turn key, stabilized, fully leased, renovated and well-maintained six unit apartment building for sale in downtown Montpelier. Three 2-bedroom units, and three 1-bedroom units, all with laundry and hardwood floors. Units have been renovated with granite countertops, stainless appliances, renovated bathrooms, floors, paint, and much more. Units 1 and 2 share the front porch, and have a shared laundry. Units 3 and 4 enter from the side, and units 5 and 6 are newly built in a converted carriage barn. Strong rental history. Tenants pay their own utilities. Units 1-4 heat with an oil furnace and Units 5-6 have heat pumps and mini-splits. NOI $87,000 makes this a solid 6% cap rate for a high quality building. Assigned off street parking for each unit. Nice backyard as well, for tenants to enjoy. Barn is part of this property as well, and has areas clearly marked off for tenants to use as storage. **Please note that the structure did NOT flood in July 2023. Land is in the 1% flood hazard zone, but LOMA is in place attesting that the building is outside of the flood zone.** Incredibly convenient to downtown Montpelier's restaurants and shopping. 48 hours notice for showings please, no exceptions.

Annual Expenses
Taxes: $16,934 		    Income Gross Income | $
NetIncome | $
UNIT 1 INFORMATION

Beds: 2
Baths: 2
Rooms: 0
Level: 1
Tenant Pays : Electric,Heat,Hot Water,Trash
Rent : 2100.00 Monthly
Lease Term : Annual
Signed Lease : Yes
Status : Leased
UNIT 2 INFORMATION

Beds: 2
Baths: 1
Rooms: 0
Level: 2
Tenant Pays : Electric,Heat,Hot Water,Trash
Rent : 1650.00 Monthly
Lease Term : Annual
Signed Lease : Yes
Status : Leased
UNIT 3 INFORMATION

Beds: 2
Baths: 1
Level: 1 and 2
Rent : 1900.00 Monthly
Status : Leased
UNIT 4 INFORMATION

Beds: 1
Baths: 1
Level: 1
Rent : 1650.00 Monthly
Status : Leased
UNIT 5 INFORMATION

Beds: 1
Baths: 1
Rooms: 0
Level: 1
Rent : 1700.00 Monthly
Signed Lease : Yes
UNIT 6 INFORMATION

Beds: 1
Baths: 1
Level: 2
Rent : 1750.00 Monthly
Signed Lease : Yes
Status : Leased

FEATURES AND DETAILS

CONSTRUCTION: Wood Frame | Wood Siding | Exterior Color Gray | Price Per SQ.FT. 285.21 | Year Built: 1850
 LAND DESCRIPTION: LOT DESCRIPTION: City Lot | Level | Sidewalks
Livable Space: 5084
Above Grade Sq.Ft.: 5084
Below Grade Sq.Ft.: 0
Foundation: Concrete
Heating: Heat Pump | Steam | Mini Split
Cooling: None | Mini Split
HeatFuel: Electric | Oil
Electric: Circuit Breaker(s)
Style: New Englander
Roof: Shingle - Asphalt
Water: Public
Sewer: Public
Lot size: 0.28 acres
Zoned: Mixed Use Res.
Surveyed: Unk
Flood Zone: Land Onl
Seasonal: No
Garage And Parking: Driveway | Reserved
Roads: Paved | Public
Road Frontage: 70
Driveway: Gravel
ADDITIONAL INFORMATION
Taxes $16,934  | Assesed Value $0 in
SCHOOLS
School District: Montpelier School District
Elementary School: Union Elementary School
Middle School: Main Street Middle School
High School: Montpelier High School
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15 Buck Rd. Hanover, NH 03755 603-643-3942

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