184 Elm ST Active Save Request In-Person Tour Request Virtual Tour
Montpelier,VT 05602
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,084 sqft
Price per Sqft $285
MLS Listing ID 4991351
Bedrooms 9
Full Baths 7
Year Built 1850
Annual Tax Amount $16,933
Tax Year 2024
Lot Size 0.280 Acres
Property Description
Turn key, stabilized, fully leased, renovated and well-maintained six unit apartment building for sale in downtown Montpelier. Three 2-bedroom units, and three 1-bedroom units, all with laundry and hardwood floors. Units have been renovated with granite countertops, stainless appliances, renovated bathrooms, floors, paint, and much more. Units 1 and 2 share the front porch, and have a shared laundry. Units 3 and 4 enter from the side, and units 5 and 6 are newly built in a converted carriage barn. Strong rental history. Tenants pay their own utilities. Units 1-4 heat with an oil furnace and Units 5-6 have heat pumps and mini-splits. NOI $87,000 makes this a solid 6% cap rate for a high quality building. Assigned off street parking for each unit. Nice backyard as well, for tenants to enjoy. Barn is part of this property as well, and has areas clearly marked off for tenants to use as storage. **Please note that the structure did NOT flood in July 2023. Land is in the 1% flood hazard zone, but LOMA is in place attesting that the building is outside of the flood zone.** Incredibly convenient to downtown Montpelier’s restaurants and shopping. 48 hours notice for showings please, no exceptions.
Location
State VT
County Vt-washington
Area Vt-Washington
Zoning Mixed Use Res.
Rooms
Basement Entrance Walkout
Interior
Heating Electric,Oil
Cooling None,Mini Split
Exterior
Garage Description Driveway,Reserved
Utilities Available Cable - Available
Roof Type Shingle - Asphalt
Building
Story 2
Foundation Concrete
Sewer Public
Schools
Elementary Schools Union Elementary School
Middle Schools Main Street Middle School
High Schools Montpelier High School
School District Montpelier School District