52-68 Northfield Street

Montpelier, VT 05602

MLS ID# 4868062 Active
Development

$850,000



Details for 52-68 Northfield Street, Montpelier VT 05602

Nine good units, with plenty of parking in the heart of Montpelier. This multifamily package consists of three buildings and two building lots. 52 has four one-bedroom units. Both upstairs units have access to the full attic. Landlord pays heat for 52. Additional living space or bedrooms? The downstairs units have access to the basement for storage. 56 has a 4-bedroom and two 2-bedroom units. The 2-bedroom units were completely redone by Clar Construction in the past few years, including wood floors, new kitchens, bathrooms, heat pumps, everything. Please note that the current owner has structured such that one of the 2-bedrooms in 56 works as the "super" in exchange for rent and utilities. Tenants (except the super) pay heat and electricity for 56. 68 has two 3-bedroom units, each with access to the full attic and basement. Tenants pay heat and electricity in 68. These units are easy to rent. The property is, and usually is, fully rented. Many long term tenants, including some who have been there for 20 years or more. The buildings are in differing condition. A couple units in 52 could benefit from updating, but the rest are fine/very good. Rents have not been raised in a couple years, opportunity to increase rents throughout, even more so if rooms are added. Also included are two adjacent lots. More multis? Storage? Single family? Being offered as a package. Serious inquiries only. See attachments for financial details.

Features and Details

  • Category Commercial
  • Type Development
  • Village/Neighborhood
  • County Washington
  • Lot Dimensions 147668
  • Acreage 3.39
  • MLS ID# 4868062

Annual Expenses/Income
Income: 94752
Basement
Full, Stairs - Interior, Unfinished, Yes
Construction
Wood Frame
Heating
Baseboard, Forced Air, Heat Pump
Parking
Driveway
Lot Description
City Lot
Siding
Wood
Total
Units: 9
Utilities
Cable, Internet - Cable
Water
Public
Sewer
Public
Zoning
Nfld Street-North
Property Types
Development, Multi-Family
Deed
Book: 679, Page: 621
Foreclosed/Bank-Owned
Foreclosed/Bank-Owned: No
Delayed Showings
No
Sale Includes
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 9/1/2021 12:55:29 PM.