Description
Great opportunity to own a spacious two-unit building in downtown Montpelier. The structure is not located in a flood zone and the is a LOMA attached. This two unit could easily be converted back to a SINGLE FAMILY HOME by just unlocking two doors! Both units are currently rented. The two car garage fits two small cars and there is storage on the second level. The building is located on a low maintenance tenth of an acre lot. Besides the garages, there is plenty of off street parking in the driveway. The first floor one bedroom unit is rented for $1,560/month and the second floor two bedroom unit is rented for $1,600. Heat (oil steam radiators), gas for ranges, water and sewer are included in rent. Tenants pay their own electric, hot water, trash, internet and cable. Each unit has a garage. There is a large storage space on the back of the building on each floor with stairs to the garage. The large fully equipped kitchens have gas ranges and full size refrigerators. Each unit has a covered porch at its private entry where a table and chairs could be set up to enjoy the lovely weather. Water came up through a hole in a drain in the basement in the July 2023 flood, but the drain has been fixed and a check valve has been installed to prevent future backflow. Water only came in to the basement in 2023 an no water came up in to the house.
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3BEDS
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0.1ACRES
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2BATHS
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01/2 BATHS
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2,284SQFT
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$166$/SQFT
School Information
Description
Great opportunity to own a spacious two-unit building in downtown Montpelier. The structure is not located in a flood zone and the is a LOMA attached. This two unit could easily be converted back to a SINGLE FAMILY HOME by just unlocking two doors! Both units are currently rented. The two car garage fits two small cars and there is storage on the second level. The building is located on a low maintenance tenth of an acre lot. Besides the garages, there is plenty of off street parking in the driveway. The first floor one bedroom unit is rented for $1,560/month and the second floor two bedroom unit is rented for $1,600. Heat (oil steam radiators), gas for ranges, water and sewer are included in rent. Tenants pay their own electric, hot water, trash, internet and cable. Each unit has a garage. There is a large storage space on the back of the building on each floor with stairs to the garage. The large fully equipped kitchens have gas ranges and full size refrigerators. Each unit has a covered porch at its private entry where a table and chairs could be set up to enjoy the lovely weather. Water came up through a hole in a drain in the basement in the July 2023 flood, but the drain has been fixed and a check valve has been installed to prevent future backflow. Water only came in to the basement in 2023 an no water came up in to the house.
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Courtesy of Martha Lange of BHHS Vermont Realty Group/Montpelier: .