Ray Mikus
This listing was posted on RealtyWW.
$1,450,000
Home For Sale In Montpelier, Vermont
Price:
$1,450,000
BR/BA:
9 BR, 7 BA
Location:
184 Elm St, Montpelier, VT
Description:
Turn key, stabilized, fully leased, renovated and well-maintained six unit apartment building for sale in downtown Montpelier. Three 2-bedroom units, and three 1-bedroom units, all with laundry and hardwood floors. Units have been renovated with granite countertops, stainless appliances, renovated bathrooms, floors, paint, and much more. Units 1 and 2 share the front porch, and have a shared laundry. Units 3 and 4 enter from the side, and units 5 and 6 are newly built in a converted carriage barn. Strong rental history. Tenants pay their own utilities. Units 1-4 heat with an oil furnace and Units 5-6 have heat pumps and mini-splits. NOI $87, 000 makes this a solid 6% cap rate for a high quality building. Assigned off street parking for each unit. Nice backyard as well, for tenants to enjoy. Barn is part of this property as well, and has areas clearly marked off for tenants to use as storage. Please note that the structure did NOT flood in July 2023. Land is in the 1% flood hazard zone, but LOMA is in place attesting that the building is outside of the flood zone. Incredibly convenient to downtown Montpeliers restaurants and shopping. 48 hours notice for showings please, no exceptions.For more details: https://realtyww.info/homes_montpelier-d531006/for-sale_i70767704
Property Type:
Single-Family Houses
Amenities:
Parking, Patio/Deck, Storage, Wood Floors
Posted:
April 17 on RealtyWW
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More About this Listing: Home For Sale In Montpelier, Vermont
Home For Sale In Montpelier, Vermont is a 9 Bedroom 7.5 Bath Single-Family Homes for Sale at 184 Elm St in Montpelier VT. Find other listings like Home For Sale In Montpelier, Vermont and listings near 184 Elm St by searching Oodle Classifieds for 9 Bedroom 7.5 Bath Single-Family Homes for Sale in Montpelier VT.
Home For Sale In Montpelier, Vermont is a 9 Bedroom 7.5 Bath Single-Family Homes for Sale at 184 Elm St in Montpelier VT. Find other listings like Home For Sale In Montpelier, Vermont and listings near 184 Elm St by searching Oodle Classifieds for 9 Bedroom 7.5 Bath Single-Family Homes for Sale in Montpelier VT.