$1,450,000
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184 Elm Street Montpelier, VT 05602
Multi-Family
Residence
Beds
Baths
5,084
Sq. Ft.
0.28
Acre
Lot
Property Activity
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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 b...athrooms, 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 Montpelierâ??s restaurants and shopping. 48 hours notice for showings please, no exceptions.
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MLS#
4991351
Property Type
Multi-Family
Year Built
1850
Square Feet
5,084
sq. ft
Price per Sq. Ft.
$285.21
Lot Size
0.28
Sewer
Public Sewer
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