Homes for sale - 184 Elm ST, Montpelier, VT 05602

Additional details

Alan Larrabee

alan@alanlarrabeere.com +1(603) 400-6379

Listed by Ray Mikus • Green Light Real Estate

$1,450,000

Est. payment - /mo

9 Beds

7 Baths

5,084 SqFt

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UPDATED:

11/01/2024 01:27 PM

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

Construction Status Existing

Year Built 1850

Annual Tax Amount $16,933

Tax Year 2024

Lot Size 0.280 Acres

Acres 0.28

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

Basement Bulkhead, Full, Unfinished

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

Construction Status Existing

Schools

Elementary Schools Union Elementary School

Middle Schools Main Street Middle School

High Schools Montpelier High School

School District Montpelier School District

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Alan Larrabee

+1(603) 400-6379

Broker | NHNH 071830, MA 83401

Broker NHNH 071830, MA 83401

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184 Elm ST Montpelier, VT 05602

Alan Larrabee

Key Details

Location

Rooms

Interior

Exterior

Building

Schools