MLS Number 4868062
- Year Built 1900
- Acreage 3.39
- NOI 75128
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. Seller financing available with 20% down and terms. See attachments for financial details.
Listed by Ray Mikus, Green Light Real Estate