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273-287 Main StreetVergennes, VT 05491MLS Number 4515170

  • Price: $449,500The price has recently decreased
  • Est. Mortgage of $/month
  • 228 Days on Market
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Price Down Payment Interest Rate Years
%

Est. Mortgage: $/month

Federal 30-year interest rate: 4.09% last updated on 2017-01-19

This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

  • 6891Square Feet
  • 0.4Acreage
  • 1900Year Built
  • 2# of 3 Bedrooms

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.

Driving Directions

Your Local Office

Coldwell Banker Bill Beck Real Estate
20 Seymour Street
Middlebury VT, 05753

Office: (802) 388-7983

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 Count17

Ask A Question

Call: (802) 388-7983 or send a message:

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

Copyright 2017 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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