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Listing Provided By Flex Realty Group with Flex Realty
$449,900
235 River Road, Essex, VT 05452
4 Beds
4 Baths
2,700 sqft

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Listing Provided By Flex Realty Group with Flex Realty
Great opportunity exists with this 4 unit multifamily property located in Essex on a corner lot with over 2 acres of land! The barn as its referred to is approximately 5400 square feet (30 x 90 feet) all with a country rustic feel. There are 4 apartments in the building on the upper level all with private entrances. The first level of the barn is currently used for owners storage with space to hold 4-6 vehicles. All units are one bedroom with an additional room for use as office space, etc. Apartments 2 and 3 are in the back and have private decks. Each unit also has washer and dryer hook-ups. Each unit is heated by a natural gas direct vent heater. There is a large yard and woods that allows each unit to have some outdoor space, gardening spot, etc as well as a huge parking lot that provides plenty of easy parking for tenants as well as visitors. The property is also directly on the bus line making it very convenient for tenants. The gross monthly income for all units is nearly $3500 and the rents are considered below market rate with room to increase. All units currently rented with month to month leases.
  • Price:
  • $449,900
  • Bedrooms:
  • 4
  • Full Baths:
  • 4
  • Square Footage:
  • 2,700
  • Acreage:
  • 2.20
  • Year Built:
  • 1900
  • Listing ID #:
  • 4865482
  • Street Address:
  • 235 River Road
  • City:
  • Essex
  • State:
  • Vermont
  • Postal Code:
  • 05452
  • County:
  • Chittenden
  • Listing Status:
  • Active
  • Listing Type:
  • ResidentialAttached
  • Construction Description:
  • Wood Frame
  • Construction Status:
  • Existing
  • Finished Above Ground Square Footage:
  • 2700
  • Finished Square Feet:
  • 2700
  • Foundation:
  • Concrete
  • Number Of Units:
  • 4
  • Siding:
  • Wood
  • Stories:
  • 2
  • Style:
  • Multi-Family
  • Total Building Square Footage:
  • 5400
  • Type Of Roof:
  • Metal
  • Unfinished Basement Square Footage:
  • 2700
  • Unit1 Bathrooms:
  • 1
  • Unit1 Bedrooms:
  • 1
  • Unit1 Square Footage Range:
  • 650
  • Unit1 Total Rooms:
  • 3
  • Unit2 Bathrooms:
  • 1
  • Unit2 Bedrooms:
  • 1
  • Unit2 Square Footage Range:
  • 650
  • Unit2 Total Rooms:
  • 3
  • Unit3 Bathrooms:
  • 1
  • Unit3 Bedrooms:
  • 1
  • Unit3 Square Footage Range:
  • 650
  • Unit3 Total Rooms:
  • 3
  • Unit4 Bathrooms:
  • 1
  • Unit4 Bedrooms:
  • 1
  • Unit4 Square Footage Range:
  • 650
  • Unit4 Total Rooms:
  • 3
  • Year Built:
  • 1900
  • Gross Income:
  • 40800
  • Net Operating Income:
  • 31055
  • Operating Expense:
  • 9745
  • Conforms To Zoning:
  • Residential
  • Lot Description:
  • City Lot, Corner, Sloping
  • Lot Square Footage:
  • 95832
  • Road Frontage:
  • 222
  • Road Type:
  • Paved, Public
  • Days On Market:
  • 182
  • Price Per Square Foot:
  • 166.63
  • Driveway:
  • Gravel
  • Garage Capacity:
  • 4
  • Garage Type:
  • Under
  • Has Garage:
  • Yes
  • Parking Description:
  • Parking Spaces 6+, Unpaved
  • Electricity:
  • Circuit Breaker(s)
  • Existing Water:
  • Public
  • Heating:
  • Gas Heater - Vented
  • Heating Fuel:
  • Gas - Natural
  • Sewage Type:
  • Public
  • Water Heater:
  • Electric
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Provided By Flex Realty Group with Flex Realty
  • VMONT

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