$209,000 $161 per sq.ft. Northfield VT »

Price Change! Reduced by $15,000 down 7% on October 23rd 2024
Number of Units 2   Total Sq. Ft. 1296  |  Acres: 0.25
List Date Wednesday Sep 25, 2024
Description: Great duplex in a nice Northfield village location. Low maintenance, turn key rental or owner occupy one unit and rent out the other. Granite counter tops in both kitchens! New kitchen in 1st floor apartment. New (2019) triple pain windows throughout (including proper egress), 2 new Rinnai heaters (2020), 2 new water heaters. Seller updated electrical, fixed plumbing and insulated basement. Previous ownerr jacked up building and poured new foundation, rebuilt floor system and installed standing seam roof. Quiet neighborhood with short walk to downtown Northfield. Town owned land on 3 of 4 sides. Lease out long term or furnish them and rent them out to visiting nurses at the walkable Mayo clinic. Most recent rental figures (7/24) were $1,175 per month 2nd floor unit and $1,070 1st floor unit (longer term tenant). Current projected long term market rent would be $1,250 or more including heat and electricity. Projected Furnished Finder would be $1,500 per unit per month including everything. The seller is the listing agent, a licensed real estate agent in VT. The property is in the Flood Zone. A recent quote obtained for potential buyers info was for $3,000 annual flood insurance yielding $250,000 worth of property coverage and $25,000 worth of lost rental income. Create steady income or get a leg onto the real estate ladder. Affordable utilities: Annual Water/Sewer = $1,157.37, Heat = $959.93 Electricity = $1,154.18. Utilities are easily separateds. See MLS Property & Listing Details & 32 images.