273-287 Main StreetVergennes, VT 05491MLS Number 4515170

  • Sale Price: $431,500
  • 356 Days Since Sale
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Federal 30-year interest rate: 4.62% last updated on Jun 14, 2018
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 0.4Acreage
  • 1900Year Built
  • 6891Square Feet

Driving Directions

Very high cash flow and great CAP Rate. Yes, the landlord pays heat and water and sewer but the net income is still outstanding. New high-end heating system installed for whole building 2005; electrical updated 2006 and 2012 along with plumbing improvements. Each unit has its own thermostat but controlled by landlord. Each unit has its own washer/dryer hookup. Good off street parking. Grade level units have sunrooms and covered front porches. This is a very good property for seasoned investor; just do the numbers. 2012 each unit new kitchens and new flooring. Owner has invested over $80,000 in last 3 years and over $20,000 in past 6 months on improvements.

Listed by Warren Palm of C21 Jack Associates/S. Burlington

Listing Sold by

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More Info

Parking

  • Parking Spaces

Building

  • Year Built1900
  • Building ConstructionWood Frame
  • StyleOther
  • Units8
  • Unit 1 Bath1
  • Unit 1 Bedrooms2
  • Unit 1 Floor Location1
  • Unit 1 Total Rooms4
  • Unit 2 Bath1
  • Unit 2 Bedrooms2
  • Unit 2 Floor Location1
  • Unit 2 Style2 stories
  • Unit 2 Total Rooms5
  • Unit 3 Bath1
  • Unit 3 Bedrooms3
  • Unit 3 Floor Location1
  • Unit 3 Style2 stories
  • Unit 3 Total Rooms6
  • Unit 4 Bath1
  • Unit 4 Floor Location1
  • Unit 4 Style2 stories
  • Unit 4 Total Rooms6
  • Unit 5 Baths1
  • Unit 5 Bedrooms2
  • Unit 6 Baths1
  • Unit 6 Bedrooms2
  • Unit 7 Baths1
  • Unit 7 Bedrooms2
  • # of 2 Bedrooms6
  • Unit 8 Baths1
  • # of 3 Bedrooms2
  • Unit 8 Bedrooms2
  • BasementApartments, Finished
  • FoundationConcrete, Stone

Basic Information

  • Date Listed09/12/2016
  • StatusSLD
  • Property TypeMulti-Family
  • List Price$449,500
  • Agent NamePalm
  • Broker NameC21 Jack Associates/S. Burlington
  • Selling Agent NameWarren Palm
  • MLS Number4515170

Property

  • Acreage0.4
  • Square Feet6891
  • APX Fin AG Sqft5016
  • Road Frontage110
  • RoadsPublic
  • Lot DescriptionBusiness District, Commercial Zoning, In Town, Near Shopping City Lot

Utilities

  • Heat FuelOil
  • Heat SystemBaseboard, Hot Air, Multi Zone
  • WaterPublic
  • Water HeaterOff Boiler, Oil, On Demand, Owned
  • Electric220 Plug,220 Volt, Circuit Breaker(s), Other
  • SewerPublic

Other

  • Seasonal Y/NNo
  • Operating Expenses
    • Exterior Maintenance
    • Garbage
    • Ground Maintenance
    • Heating Fuel
    • Insurance
    • Maintenance/Repairs
    • Snow Removal
    • Water/Sewer
  • TrashOwner
  • bloggingYes
  • Page282
  • Book70
  • Delayed ShowingsNo
  • Number of Photos1
  • View Count152

Location

  • Building Number273-287
  • StreetMain
  • TownVergennes
  • StateVT
  • Zip05491
  • CountyAddison
  • Elementary SchoolVergennes UES #44
  • Junior HighVergennes UHSD #5
  • High SchoolVergennes UHSD #5
  • Flood Zone Y/NNo

Interior

  • APX Fin Below Grade1875
  • FloorsCarpet, Vinyl

Exterior

  • ExteriorVinyl, Wood
  • RoofMetal, Slate
  • Exterior ColorWhite
Broker Reciprocity

Copyright 2018 Northern New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable but not guaranteed. The data relating to real estate for sale on this web site comes in part from the IDX Program of NEREN. Subject to errors, omissions, prior sale, change or withdrawal without notice. This web site is updated daily.

 

 

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