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Listed by Flex Realty Group of Flex Realty

Listing Sold by Pursuit Real Estate
Discover an exceptional investment opportunity with this well-maintained 3 unit building. This property offers three 1 bedroom/1 bathroom units, making it an ideal choice for savvy investors seeking consistent rental income and impressive returns. With its strategic location halfway between Burlington and Middlebury, excellent tenant history, and eco-friendly features, this apartment building presents an enticing prospect for both seasoned investors and home buyers struggling with low inventory trends. Another standout feature of this apartment building is its large landscaped yard, providing tenants with a beautiful outdoor space to relax and enjoy. In addition to its excellent location and tenant demand, this property boasts solar panels, which provide economical electricity to tenants, reduce their utility costs, and generate a revenue stream for the owner, enhancing the property's overall profitability and appeal to environmentally-conscious renters. Speaking of revenue streams, there is also a couple coin op washer/dryers in the basement common area for tenants to use. This apartment building is not just a property; it's a gateway to a lucrative investment opportunity. The combination of its prime location, strong tenant demand, and additional revenue streams makes it a compelling choice for investors looking to diversify their portfolio. The generous 11% cap rate further underscores its investment potential, making it a standout option in today's real estate market.

More Info

Tax Information

  • Tax Year2023

Building

  • Year Built1850
  • Building ConstructionWood Frame, Wood Siding
  • StyleMulti-Family
  • Units3
  • Unit 1 Bath1
  • Unit 1 Bedrooms1
  • Unit 1 Total Rooms4
  • Unit 2 Bath1
  • Unit 2 Bedrooms1
  • Unit 2 Total Rooms4
  • Unit 3 Bath1
  • Unit 3 Bedrooms1
  • Unit 3 Total Rooms4
  • # of 1 Bedrooms3
  • BasementExterior Access, Full, Unfinished
  • FoundationConcrete, Stone

Basic Information

  • StatusSLD
  • List Price$258,000
  • Date Price Change08/09/2024
  • MLS Number5009063
  • MLS StatusClosed
  • Sale Date09/17/2024

Property

  • Acreage1
  • GarageNo
  • Parking Spaces
  • Lot DescriptionCorner, Landscaped, Level
  • Square Feet1,970
  • APX Fin AG Sqft1,970
  • RoadsPaved
  • AreaVT-Addison

Amenities

  • Exterior AmenitiesDeck, Porch - Covered
  • PricePerSqFt177.66

Location

  • TownStarksboro
  • StateVT
  • Zip05487
  • CountyAddison
  • Zoningres
  • Address12 Parsonage Road
  • Flood Zone Y/NNo

Interior

  • FloorsCarpet, Laminate, Vinyl

Exterior

  • RoofMetal, Shingle - Asphalt

Utilities

  • Heat SystemPropane, Direct Vent
  • WaterPublic
  • Electric100 Amp, Circuit Breaker(s), Pre-Wired for Renewables
  • SewerPrivate, Septic
  • UtilitiesCable - Available

Other

  • Taxes$4,416.18
  • Seasonal Y/NNo
  • Operating Expenses11354
  • Date Listed08/09/2024
  • Unit 1 Deposit$925
  • Unit 2 Rent Amount$1,350
  • Unit 3 Rent Amount$950
  • View Count18

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Copyright 2025 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 April 19, 2025 2:09 PM EDT

 

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