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Listing Provided By Ray Mikus with Green Light Real Estate
$850,000
52-68 Northfield Street, Montpelier, VT 05602
15 Beds
5 Baths
9,241 sqft

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Listing Provided By Ray Mikus with Green Light Real Estate
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.
  • Price:
  • $850,000
  • Bedrooms:
  • 15
  • Full Baths:
  • 5
  • Square Footage:
  • 9,241
  • Acreage:
  • 3.39
  • Year Built:
  • 1900
  • Listing ID #:
  • 4868060
  • Street Address:
  • 52-68 Northfield Street
  • City:
  • Montpelier
  • State:
  • Vermont
  • Postal Code:
  • 05602
  • County:
  • Washington
  • Listing Status:
  • Active Under Contract
  • Listing Type:
  • ResidentialAttached
  • Basement Access:
  • Interior
  • Basement Description:
  • Concrete, Full
  • Construction Description:
  • Wood Frame
  • Construction Status:
  • Existing
  • Exterior Features:
  • Deck, Porch - Covered
  • Finished Above Ground Square Footage:
  • 9241
  • Finished Square Feet:
  • 9241
  • Foundation:
  • Concrete, Stone
  • Has Basement:
  • Yes
  • Number Of Units:
  • 9
  • Siding:
  • Wood
  • Stories:
  • 3
  • Style:
  • Apartment Building
  • Total Building Square Footage:
  • 13241
  • Type Of Roof:
  • Shingle - Architectural
  • Unfinished Above Ground Square Footage:
  • 1000
  • Unfinished Basement Square Footage:
  • 3000
  • Unit1 Bathrooms:
  • 1
  • Unit1 Bedrooms:
  • 1
  • Unit2 Bathrooms:
  • 1
  • Unit2 Bedrooms:
  • 1
  • Unit3 Bathrooms:
  • 1
  • Unit3 Bedrooms:
  • 1
  • Unit4 Bathrooms:
  • 1
  • Unit4 Bedrooms:
  • 1
  • Unit5 Bathrooms:
  • 1
  • Unit5 Bedrooms:
  • 3
  • Unit6 Bedrooms:
  • 2
  • Unit7 Bedrooms:
  • 3
  • Unit8 Bedrooms:
  • 3
  • Year Built:
  • 1900
  • Gross Income:
  • 94752
  • Net Operating Income:
  • 54552
  • Operating Expense:
  • 40200
  • Conforms To Zoning:
  • Nfld Street-North
  • Lot Description:
  • Landscaped, Rental Complex
  • Lot Square Footage:
  • 147668
  • Road Frontage:
  • 200
  • Road Type:
  • Paved, Public
  • Days On Market:
  • 168
  • Price Per Square Foot:
  • 91.98
  • Property Taxes:
  • $22,727
  • Tax Year:
  • 2020
  • Driveway:
  • Gravel
  • Cooling System:
  • Mini Split
  • Electricity:
  • Circuit Breaker(s)
  • Existing Water:
  • Public
  • Heating:
  • Heat Pump, Hot Air, Hot Water, Mini Split
  • Heating Fuel:
  • Electric, Oil
  • Sewage Type:
  • Public
  • Water Heater:
  • Electric, Oil
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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 Ray Mikus with Green Light Real Estate
  • VMONT

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