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Listing 6 out of 6
$425,000 For Sale

281-285 River Street
Montpelier, VT 05602

7 units | Multi Family Home
5.86 acres - MLS# 4682067 Courtesy of William Raveis Barre, Michelle Hebert
Property Photo
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Description

Rare opportunity to own a Montpelier commercial property on a 5.86 acre parcel. Conveniently located at the junction of Route 2 and Route 302. The property has three separate buildings with 7 rental units and potential for 8 more. One building contains 6 apartments; two 2-bedroom units, three efficiency units and one 1-bedroom unit. There is also a 2-bedroom cottage. The units in both of these buildings are currently occupied. The third building needs extensive renovation, is vacant and contains 8 efficiency units. The 6 unit building and the cottage have had significant upgrades and new roofs in 2010 and 2011. Buyers use your imagination. There is so much potential here! The seller is a licensed Vermont real estate agent.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi-Family
  • Listing Status: Active
  • County/Area: Washington County
  • Zip Code: 05602
  • Year Built: 1900
  • Sq.Ft.: 4,965 sq ft
  • Style: Apartment Building
  • Stories: 2
  • Units: 7 units
  • Basement: Concrete Floor, Dirt Floor, Sump Pump, Unfinished, Interior, Yes
  • Lot Size: 5.86 acres
  • Zoning: Commercial
  • Area Description: Commercial Zoning, Near Golf Course, Near Shopping, Near Public Transportatn
  • Cable Company: Xfinity
  • Color: White
  • Construction: Wood Frame
  • Construction Status: Existing
  • Delayed Showing: No
  • Driveway: Paved
  • Electric: Circuit Breaker(S)
  • Electric Company: Green Mountain Power
  • Expenses - Insurance: 2934
  • Expenses - Taxes: 7959
  • Exterior: Vinyl Siding, Wood Siding
  • Foundation: Concrete, Post/Piers, Slab - Concrete
  • Fuel Company: Irving Oil
  • Gross Income: 61127
  • Heat Fuel: Gas - Lp/Bottle, Oil
  • Heating: Baseboard, Gas Heater
  • Lot - Sqft: 255262
  • Lot Description: Hilly, Rental Complex, Sloping
  • Parking: Driveway, Off Street, On-Site, Parking Spaces 11 - 20, Paved
  • Road Frontage: Yes
  • Road Frontage Size: 787
  • Roads: Public
  • Roof: Metal, Shingle - Architectural
  • Sale Includes: Land/Building
  • Sewer: Public
  • Sqft-Apx Fin Above Grade: 4965
  • Sqft-Apx Fin Ag Source: Municipal
  • Sqft-Apx Total: 4965
  • Tax - Gross Amount: 8024.76
  • Tax Rate: 2.78
  • Tax Year: 2017
  • Total 1 Br Units: 1
  • Total 2 Br Units: 3
  • Unit 1 Baths: 1
  • Unit 1 Bedrooms: 1
  • Unit 1 Rooms: 2
  • Unit 1 Style: Efficiency
  • Unit 2 Baths: 1
  • Unit 2 Bedrooms: 2
  • Unit 2 Rooms: 5
  • Unit 3 Baths: 1
  • Unit 3 Bedrooms: 2
  • Unit 3 Rooms: 4
  • Unit 4 Baths: 1
  • Unit 4 Bedrooms: 1
  • Unit 4 Rooms: 3
  • Unit 5 Baths: 1
  • Unit 5 Bedrooms: 1
  • Unit 5 Rooms: 2
  • Unit 6 Baths: 1
  • Unit 6 Bedrooms: 1
  • Unit 6 Rooms: 2
  • Unit 7 Baths: 1
  • Unit 7 Bedrooms: 2
  • Unit 7 Rooms: 4
  • Unit 7 Style: Cottage
  • Water: Public
  • Water Heater: Owned
Courtesy of William Raveis Barre, Michelle Hebert

Central Vermont Real Estate
1265 Kelton Rd
East Montpelier, VT 05651
Phone: 802-249-0167

Emails: soren@CentralVermontRE.com
bobcfisher@gmail.com
 

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