Great opportunity for an investor exists in this 6 unit commercially zoned apartment house right in the heart of Richmond! Built not long after the Round Church, this historic property is situated directly on route 2 by the corner of Bridge St. and is conveniently located with off street parking and just a short walk to restaurants, shops and plenty of other local amenities. With low annual expenses, this property is waiting for the next owner to take it over and build some equity with updates to the units and structure itself which could allow more opportunity to substantially increase monthly rents and cash flow. Current rents are below market for the area. There are 3 one bedroom units to go along with 3 studios making it very easy to rent. Each unit has an assigned parking space and tenants currently pay heat and electricity. The property enjoys quick access to I-89 and is only a short drive to Bolton Valley Ski Resort and so much more!
- Price:
- $370,000
- Bedrooms:
- 6
- Full Baths:
- 6
- Square Footage:
- 2,982
- Acreage:
- 0.23
- Year Built:
- 1823
- Listing ID #:
- 4794096
- Street Address:
- 20 West Main Street
- City:
- Richmond
- State:
- Vermont
- Postal Code:
- 05477
- County:
- Chittenden
- Listing Status:
- Active
- Basement Access:
- Walk-Up
- Basement Description:
- Dirt Floor, Stairs - Exterior, Unfinished, Exterior Access
- Construction Description:
- Wood Frame
- Construction Status:
- Existing
- Finished Above Ground Square Footage:
- 2982
- Finished Square Feet:
- 2982
- Flooring:
- Carpet, Vinyl, Wood
- Foundation:
- Stone
- Has Basement:
- Yes
- Number Of Units:
- 6
- Siding:
- Brick, Wood
- Stories:
- 1.5
- Style:
- Apartment Building
- Total Building Square Footage:
- 4279
- Type Of Roof:
- Metal
- Unfinished Basement Square Footage:
- 1297
- Unit1 Bathrooms:
- 1
- Unit1 Bedrooms:
- 1
- Unit1 Total Rooms:
- 2
- Unit2 Bathrooms:
- 1
- Unit2 Bedrooms:
- 1
- Unit2 Total Rooms:
- 1
- Unit3 Bathrooms:
- 1
- Unit3 Bedrooms:
- 1
- Unit3 Total Rooms:
- 2
- Unit4 Bathrooms:
- 1
- Unit4 Bedrooms:
- 1
- Unit4 Total Rooms:
- 2
- Unit5 Bathrooms:
- 1
- Unit5 Bedrooms:
- 1
- Unit5 Total Rooms:
- 3
- Unit6 Bathrooms:
- 1
- Unit6 Bedrooms:
- 1
- Unit6 Total Rooms:
- 2
- Year Built:
- 1823
- Gross Income:
- 53460
- Net Operating Income:
- 40543
- Operating Expense:
- 12917
- Conforms To Zoning:
- Commercial
- Lot Description:
- City Lot
- Lot Square Footage:
- 10019
- Road Frontage:
- 67
- Road Type:
- Public
- Days On Market:
- 103
- Price Per Square Foot:
- 124.08
- Property Taxes:
- $6,316
- Tax Year:
- 2020
- Driveway:
- Common/Shared, Gravel, Right-Of-Way (row)
- Electricity:
- Circuit Breaker(s)
- Existing Water:
- Public
- Heating:
- Wall Furnace
- 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
- Listing Provided By Flex Realty Group of Flex Realty
- Schools information provided by ATTOM
