Listing Courtesy of Ray Mikus, Green Light Real Estate Data last updated: 04/30/24 Turn key, stabilized, fully leased, renovated and well-maintained six unit apartment building for sale in downtown Montpelier. Three 2-bedroom units, and three...
- 5,084 Sq Ft.
- Interior
- .28 Acres
- Exterior
- Multi Family
- Property type
- 1850
- Year Built
- 4991351
- Web Id
- 4991351
- MLS ID
- 3
- Buyer Agency Compensation
About 184 Elm Street
Listing Courtesy of Ray Mikus, Green Light Real Estate
Data last updated: 04/30/24
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.
The listing broker's offer of compensation is made only to other real estate licensees who are participant members of the PRIME MLS.
Data last updated: 04/30/24
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.
Data provided by : PRIME MLS
The listing broker's offer of compensation is made only to other real estate licensees who are participant members of the PRIME MLS.
features
- cooling
- Electric, Oil Heating
PROPERTY INFORMATION
- Basement
- Yes
- Cooling
- None, Mini Split
- Heating
- Heat Pump, Steam, Mini Split
- Parking Description
- Driveway, Reserved
- Sewer
- Public
EXTERIOR
- Lot Description
- City Lot, Level, Sidewalks
- Roofing
- Shingle - Asphalt
Listing Courtesy of Green Light Real Estate
The above data is calculated by Gabriels Technology Solutions.Â
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