273-287 Main StreetVergennes, VT 05491MLS Number 4515170

  • Price: $449,500
  • Est. Mortgage of $/month
  • 225 Days on Market
$
$
%
$/month over payments
Federal 30-year interest rate: 4.10% last updated on Mar 2, 2017
* 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 CENTURY 21 Jack Associates - South Burlington

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More Info

Location Information

  • Elementary SchoolVergennes UES #44
  • High SchoolVergennes UHSD #5
  • Junior HighVergennes UHSD #5

Location

  • StreetMain
  • Building Number273-287
  • TownVergennes
  • Zip05491
  • CountyAddison
  • Flood Zone Y/NNo
  • Lot DescriptionBusiness District, Commercial Zoning, In Town, Near Shopping City Lot
  • StateVT

Interior

  • APX Fin Below Grade1875

Utilities

  • Electric220 Plug,220 Volt,Circuit Breaker(s),Other
  • WaterPublic
  • Heat SystemBaseboard,Hot Air,Multi Zone
  • SewerPublic

Basic Information

  • # of 2 Bedrooms6
  • # of 3 Bedrooms2
  • StatusPEN
  • Units8

Building

  • Year Built1900
  • Water HeaterOff Boiler,Oil,On Demand,Owned
  • BasementApartments, Finished
  • FloorsCarpet, Vinyl
  • StyleOther
  • Unit 1 Bath1
  • Unit 1 Bedrooms2
  • Unit 1 Floor Location1
  • Unit 1 Total Rooms4
  • Unit 2 Bath1
  • Unit 2 Bedrooms2
  • Unit 2 Style2 stories
  • Unit 2 Total Rooms5
  • Unit 3 Bath1
  • Unit 3 Bedrooms3
  • Unit 3 Total Rooms6
  • Unit 4 Total Rooms6
  • Unit 5 Baths1
  • Unit 5 Bedrooms2
  • Unit 6 Baths1
  • Unit 6 Bedrooms2
  • Unit 7 Baths1
  • Unit 8 Baths1
  • Unit 8 Bedrooms2

Basic Information

  • Date Listed09/12/2016
  • List Price$449,500
  • MLS Number4515170
  • Seasonal Y/NNo

Property

  • ZoningCommercial
  • Road Frontage110
  • Acreage0.4
  • APX Fin AG Sqft5016
  • FoundationConcrete,Stone
  • Heat FuelOil
  • Property TypeMulti-Family
  • RoadsPublic
  • Square Feet6891

Exterior

  • ExteriorVinyl,Wood
  • RoofMetal,Slate
  • Exterior ColorWhite

Amenities

  • Interior AmenitiesHeat
  • Parking Spaces0

Other

  • Broker NameC21 Jack Associates/S. Burlington
  • Agent NamePalm
  • Operating Expenses
    • Exterior Maintenance
    • Garbage
    • Ground Maintenance
    • Heating Fuel
    • Insurance
    • Maintenance/Repairs
    • Snow Removal
    • Water/Sewer
  • TrashOwner
  • bloggingYes
  • Page282
  • Book70
  • Number of Photos1
  • View Count45

Contact Warren Palm

Warren Palm
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