Active with Contract

Listing Tools

Listed by Sandy Palmer of Vermont Real Estate Company
SOME OWNER FINANCING POSSIBLE. Also... PROPERTY COULD QUALIFY FOR 5% DOWN FHA PROGRAM FOR APPROVED BUYERS WHO WANT TO LIVE IN ONE OR MORE OF THE UNITS! Incredible investment opportunity. This four unit apartment building has been lovingly maintained by the same owner for decades with low-maintenance and profitability in mind. The building has been updated with vinyl siding and windows, a metal roof, a brand new natural gas boiler, solar panels, carpet-free units, and a massive 5+ car garage with storage above offering tons of potential. The current owner has easily leased these for decades - tenants that have all been moved into month-to-month leases so a new buyer has options (though they all want to stay). The income on this property speaks for itself - with a pair of 2 br units, one 1 br plus den, and a 3 br/2ba, this property would bring $60k+ per year to an investor's portfolio. Or live in one of the units and have your money working for you! There is ample off-street parking, and a cute yard with a small playground and garden area. Located just 2 short blocks behind the main business district of Vermont's Smallest (and arguably most charming) City, easy walking distance to the shops and restaurants. 30 minutes to Burlington and less than 20 minutes to Middlebury.

More Info

Tax Information

  • Tax Year2023

Building

  • Year Built1900
  • Building ConstructionWood Frame
  • Units4
  • Unit 1 Bath1
  • Unit 1 Bedrooms2
  • Unit 1 Floor Location2
  • Unit 1 Total Rooms5
  • Unit 2 Bath2
  • Unit 2 Bedrooms3
  • Unit 2 Floor Location1
  • Unit 2 Total Rooms6
  • Unit 3 Bath1
  • Unit 3 Bedrooms1
  • Unit 3 Floor Location2
  • Unit 3 Total Rooms4
  • Unit 4 Bath1
  • Unit 4 Floor Location1
  • Unit 4 Total Rooms4
  • # of 1 Bedrooms1
  • # of 2 Bedrooms2
  • # of 3+ Bedrooms1
  • Bathroom5
  • Total Baths5
  • BasementCrawl Space, Dirt Floor, Partial, Sump Pump
  • FoundationStone

Basic Information

  • StatusActive With Contract
  • List Price$795,000
  • Date Price Change05/15/2024
  • MLS Number4995640
  • MLS StatusActive Under Contract

Property

  • Acreage0.4
  • GarageYes
  • Parking Spaces5
  • Lot DescriptionSidewalks, In Town, Near Shopping, Near Public Transportatn
  • Square Feet4,592
  • APX Fin AG Sqft4,592
  • Road Frontage118
  • AreaVT-Addison

Amenities

  • PricePerSqFt173.13

Other

  • Taxes$9,708.52
  • Seasonal Y/NNo
  • Operating Expenses24491
  • Date Listed05/15/2024
  • Unit 1 Deposit$1,575
  • Unit 3 Rent Amount$1,600
  • Unit 4 Rent amount$1,400
  • View Count100

Location

  • TownVergennes
  • StateVT
  • Zip05491
  • CountyAddison
  • ZoningHN
  • Elementary SchoolVergennes UES #44
  • Junior HighVergennes UHSD #5
  • High SchoolVergennes UHSD #5
  • Address67 Green Street
  • Flood Zone Y/NUnknown

Interior

  • FloorsVinyl, Vinyl Plank, Wood

Exterior

  • RoofMetal
  • Exterior ColorWhite

Utilities

  • Heat SystemNatural Gas, Baseboard
  • ElectricCircuit Breaker(s)
  • SewerPublic
  • UtilitiesCable, Gas - On-Site

Map Location

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Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated December 12, 2024 7:52 AM EST

 

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