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Courtesy of Ray Mikus of Green Light Real Estate.

52-68 Northfield Street

Montpelier, VT 05602
  • $850,000
  • STATUS: Active
  • ON SITE: 125 Days
  • MLS #: 4868060
Price Reduced
UPDATED: 25 min ago
$850,000
  • 15
    BEDS
  • 3.39
    ACRES
  • 9
    BATHS
  • 0
    1/2 BATHS
  • 9,241
    SQFT
  • $92
    $/SQFT
Type:
Multi-Family
Built:
1900
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

Nine good units, with plenty of parking in the heart of Montpelier. This multifamily package consists of three buildings and two building lots. 52 has four one-bedroom units. Both upstairs units have access to the full attic. Landlord pays heat for 52. Additional living space or bedrooms? The downstairs units have access to the basement for storage. 56 has a 4-bedroom and two 2-bedroom units. The 2-bedroom units were completely redone by Clar Construction in the past few years, including wood floors, new kitchens, bathrooms, heat pumps, everything. Please note that the current owner has structured such that one of the 2-bedrooms in 56 works as the "super" in exchange for rent and utilities. Tenants (except the super) pay heat and electricity for 56. 68 has two 3-bedroom units, each with access to the full attic and basement. Tenants pay heat and electricity in 68. These units are easy to rent. The property is, and usually is, fully rented. Many long term tenants, including some who have been there for 20 years or more. The buildings are in differing condition. A couple units in 52 could benefit from updating, but the rest are fine/very good. Rents have not been raised in a couple years, opportunity to increase rents throughout, even more so if rooms are added. Also included are two adjacent lots. More multis? Storage? Single family? Being offered as a package. Serious inquiries only. See attachments for financial details.

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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 2021-10-26T08:05:30.04.
www.livingvermont.com/homes/118589697
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52-68 Northfield Street Montpelier, VT 05602

  • Price: $850,000
  • Status: Active
  • Updated: 25 min ago
  • MLS #: 4868060
15
Beds
9
Baths
0
½ Baths
3.39
Acres
9,241
SQFT
$92
$/SQFT
1900
Built
County:
Washington
Area:
Montpelier
Elementary School:
Union Elementary School
Middle School:
Main Street Middle School
High School:
Montpelier High School
School District:
Montpelier School District
Property Description
Nine good units, with plenty of parking in the heart of Montpelier. This multifamily package consists of three buildings and two building lots. 52 has four one-bedroom units. Both upstairs units have access to the full attic. Landlord pays heat for 52. Additional living space or bedrooms? The downstairs units have access to the basement for storage. 56 has a 4-bedroom and two 2-bedroom units. The 2-bedroom units were completely redone by Clar Construction in the past few years, including wood floors, new kitchens, bathrooms, heat pumps, everything. Please note that the current owner has structured such that one of the 2-bedrooms in 56 works as the "super" in exchange for rent and utilities. Tenants (except the super) pay heat and electricity for 56. 68 has two 3-bedroom units, each with access to the full attic and basement. Tenants pay heat and electricity in 68. These units are easy to rent. The property is, and usually is, fully rented. Many long term tenants, including some who have been there for 20 years or more. The buildings are in differing condition. A couple units in 52 could benefit from updating, but the rest are fine/very good. Rents have not been raised in a couple years, opportunity to increase rents throughout, even more so if rooms are added. Also included are two adjacent lots. More multis? Storage? Single family? Being offered as a package. Serious inquiries only. See attachments for financial details.
Exterior Features

Construction Wood Frame Driveway Gravel Exterior Wood Exterior Features DeckPorch - Covered Has Garage No Lot Description LandscapedRental Complex Road Frontage Yes Road Frontage Length 200 Roads PavedPublic Roof Shingle - Architectural Style Apartment Building

Interior Features

Basement Access Type Interior Basement Description ConcreteFull Cooling Mini Split Foundation ConcreteStone Has Basement Yes Heating Heat PumpHot AirHot WaterMini Split Total Ranges 9 Total Refrigerators 9 Unit1 Baths 1 Unit2 Baths 1 Unit3 Baths 1 Unit4 Baths 1 Unit5 Baths 1 Water Heater ElectricOil

Property Features

Construction Status Existing Electric Circuit Breaker(S) Flood Zone No Gross Income 94752 Heat Fuel ElectricOil Possession At ClosingTenant Rights Pre Construction No Seasonal No Sewer Public Tax Gross Amount 22727 Tax Year 2020 Taxes Tbd No Total1 Bed Units 4 Total2 Bed Units 2 Total3 Plus Bed Units 3 Unit1 Rental Amount 871 Unit1 Tenant Pays Electric Unit2 Rental Amount 700 Unit2 Tenant Pays Electric Unit3 Rental Amount 700 Unit3 Tenant Pays Electric Unit4 Rental Amount 925 Unit4 Tenant Pays Electric Unit5 Rental Amount 1250 Unit5 Tenant Pays ElectricHeatHot Water Unit6 Rental Amount 1050 Unit6 Tenant Pays ElectricHeatHot Water Unit7 Rental Amount 1250 Unit7 Tenant Pays ElectricHeatHot Water Unit8 Rental Amount 1150 Unit8 Tenant Pays ElectricHeatHot Water Utilities Cable - AvailableHigh Speed Intrnt -AvailInternet - Cable Water Public Zoning Nfld Street-North

Courtesy of Ray Mikus of Green Light Real Estate.


© 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 2021-10-26T08:05:30.04.
 
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