233 S Main Street

Rochester, VT 05767

MLS ID# 4873589 Active
Investment

$635,000



Details for 233 S Main Street, Rochester VT 05767

The Green Valley Complex is a mixed use investment property comprised of three buildings, including 10 one-bedroom residential apartments, a commercial retail/service unit and a free-standing medical professional building. The 4330 square foot Green Valley building, #233, offers seven 1BR apartments and a common coin-operated laundry room. Each unit has a living room, kitchen, bedroom and full bathroom; heat is oil-fired baseboard hot water. The 3540 square foot Carriage House, #237, offers three 1BR apartments, including a completely renovated garden level unit plus a recently remodeled hair salon. The Carriage House is heated by propane-fired baseboard hot water. The 1360 square foot clinic, #235, is a stand-alone medical building with lobby, reception desk, two exam rooms, two offices, bathroom and boiler room; the clinic is heated with propane fired radiant floor heat and employs a mini-split heat pump system for heat and air conditioning. The property is served by municipal water and sewer and the entire complex is in compliance with VT Fire and Safety regulations. All 12 units are currently leased, including a three year lease with option to renew for the medical clinic; heat and electric are included; tenants pay for cable and internet. With over $100K of documented improvements in the past three years and strong financials, this property represents an exceptional investment opportunity for both cash flow and long term appreciation.

Features and Details

  • Category Commercial
  • Type Investment
  • Village/Neighborhood
  • County Windsor
  • Lot Dimensions 95832
  • Acreage 2.2
  • MLS ID# 4873589

Annual Expenses/Income
Income: 91671
Apx Bldg SqFt
9230
Heating
Baseboard, Hot Water, Radiant Floor, Mini Split
Parking
On-Site, Unpaved
Lot Description
Level, Major Road Frontage
Operating Expense Inc
Heat, Insurance, Maintenance, Sewer, Snow Removal, Trash, Utilities, Water/Sewer
Total
Units: 12
Features
Fire System
Utilities
Cable - At Site, Gas - LP/Bottle, Telephone Available
Water
Public
Sewer
Public
Zoning
Village
Location
In Town, Valley
Property Types
Investment, Multi-Family
Transport Access
Major Road Access, Paved, State Highway
Deed
Book: 104, Page: 372-374
Foreclosed/Bank-Owned
Foreclosed/Bank-Owned: No
Delayed Showings
No
Sale Includes
Additional Buildings, Land/Building
Sale Type
Sale

Copyright 2021 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. Subject to errors, omissions, prior sale, change or withdrawal without notice.

This listing was last updated on 7/21/2021 10:29:19 PM.