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    46-48 North Street

    Royalton, VT 05068
    • $1,600,000
    • STATUS: Active
    • ON SITE: 35 days
    • MLS #: 4868139
    UPDATED: 55 min ago
    $1,600,000
    • 3
      BEDS
    • 1
      ACRES
    • 16
      BATHS
    • 0
      1/2 BATHS
    • 8,500
      SQFT
    • $188
      $/SQFT
    Type:
    Multi-Family
    Built:
    1950
    County:
    Area:

    School Ratings & Info

    Courtesy of Jason Saphire of Www.Entryonly.Com.

    Description

    16 Unit Residential Building next to Vermont Law School near the center of South Royalton. Two buildings totaling fifteen 1-bed apartments, one 2-bed apartment, 8 storage units, trash/recycling shed, and coin-op laundry room. Off street parking space for tenants. Older, renovated building has 8 units - owner pays all utilities except phone/tv/internet. Second building built 8 years ago - owner pays heat and hot water, tenants pay the rest of utilities. Propane and commercial wood pellet boilers provide heat and hot water. Town water and septic. All fully occupied with signed leases through July 31, 2022. The apartments are in high demand in the area and are always rented by the end of April for the upcoming lease year. Utility futures installed for four additional units to be built on the property. Income and expense reports available. More information and showings upon request.

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    © Copyright 2021 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of NEREN. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2021-07-28T12:06:07.533.
    www.livingvermont.com/homes/118598569
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    46-48 North Street Royalton, VT 05068

    • Price: $1,600,000
    • Status: Active
    • Updated: 55 min ago
    • MLS #: 4868139
    3
    Beds
    16
    Baths
    0
    ½ Baths
    1
    Acres
    8,500
    SQFT
    $188
    $/SQFT
    1950
    Built
    County:
    Windsor
    Area:
    Royalton
    Property Description
    16 Unit Residential Building next to Vermont Law School near the center of South Royalton. Two buildings totaling fifteen 1-bed apartments, one 2-bed apartment, 8 storage units, trash/recycling shed, and coin-op laundry room. Off street parking space for tenants. Older, renovated building has 8 units - owner pays all utilities except phone/tv/internet. Second building built 8 years ago - owner pays heat and hot water, tenants pay the rest of utilities. Propane and commercial wood pellet boilers provide heat and hot water. Town water and septic. All fully occupied with signed leases through July 31, 2022. The apartments are in high demand in the area and are always rented by the end of April for the upcoming lease year. Utility futures installed for four additional units to be built on the property. Income and expense reports available. More information and showings upon request.
    Exterior Features

    Area Description Business DistrictCommercial ZoningIn TownNear ShoppingNeighborhoodVillageNear Public TransportatnNear Railroad Color Yellow Construction Modular PrefabWood Frame Driveway Common/SharedGravel Exterior ClapboardMetalWood Exterior Features BalconyPorchShed Has Garage No Lot Description City LotCorner Parking Off StreetUnassignedUnpaved Road Frontage Yes Road Frontage Length 134 Roads PavedPublic Roof Metal Style Apartment BuildingMulti-Family

    Interior Features

    Basement Access Type Interior Basement Description BulkheadConcreteCrawl SpaceDirt Cooling Other Flooring LaminateSoftwoodVinyl Foundation ConcreteFieldstone Has Basement Yes Heating BaseboardDirect VentHot WaterIndividualProgrammable ThermostatWood Boiler Total Heated Units 7 Total Ranges 16 Total Refrigerators 16 Total Water Heaters 4 Unit1 Approx Sq Ft 700 Unit1 Baths 1 Unit2 Approx Sq Ft 750 Unit2 Baths 1 Unit3 Approx Sq Ft 550 Unit3 Baths 1 Water Heater Gas - Lp/BottleOn Demand

    Property Features

    Construction Status Existing Easements No Electric Circuit Breaker(S) Flood Zone No Gross Income 207000 Heat Fuel Gas - Lp/BottlePellet Possession Leases Pre Construction No Restrictions # Of OccupantsOtherPets - Cats AllowedReferences Seasonal No Separate Utilities Yes Sewer 500 Gallon1250 GallonPublic Sewer On-Site Tax Gross Amount 15920 Tax Year 2020 Taxes Tbd No Total Electric Meters 14 Total Gas Meters 0 Total Leases 16 Total1 Bed Units 15 Total2 Bed Units 1 Total3 Plus Bed Units 0 Trash CansPrivate Unit1 Info Heat IncludedRange - ElectricRefrigerator Unit1 Rental Amount 1250 Unit1 Tenant Pays Internet ServiceOtherTv Service Unit2 Info DeckHeat IncludedRange - ElectricRefrigerator Unit2 Rental Amount 1150 Unit2 Tenant Pays Internet ServiceOtherTv Service Unit3 Info Heat IncludedRange - ElectricRefrigerator Unit3 Rental Amount 1050 Unit3 Tenant Pays Internet ServiceOtherTv Service Utilities CableGas - Lp/BottleInternet - Fiber OpticPhone Water MeteredPublic Water - On-Site Zoning N/A

    Courtesy of Jason Saphire of Www.Entryonly.Com.


    © Copyright 2021 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of NEREN. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2021-07-28T12:06:07.533.
     
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    RE/MAX North Professionals
    553 Roosevelt highway suite 200
    Colchester VT, 05446
    Courtesy of Jason Saphire of Www.Entryonly.Com.