Great 4-unit opportunity for the savvy investor. Located in a great school system, and on a large lot this property is fully rented with long term tenants. It offers a good cap rate and practically runs itself. Don't kick yourself for missing this opportunity.
Locate your business to this excellent central location across from Champlain Valley Fair Grounds, Macs Market, and adjacent to Citizens Bank and Big Lots shopping plaza, with two residential rental units to offset your carrying costs. Current rents below market. Commercially zoned TOD district, Personal Service Establishment, with many uses. Currently beauty salon permitted for 600 s/f and 5 stations, fixtures negotiable. Building has good bones with many recent improvements: new architectural roof in last few years, separate gas heating monitors in each unit, older central heat furnace not in use on one meter, central A/C installed about 10 years ago (on ownerâs electric meter, so currently not in use,) new vinyl replacement windows 7-8 years ago, 3 new egress windows 3 years ago, hardwired smoke detectors 3-4 years ago, gravel drive re-graded 14, new side fence 14, new shower in lower unit 14. The Original 1900 front building is believed to be brick under the vinyl siding.
Lots of possibilities with this legal Duplex in heart of Essex Junction. Live in the well maintained 2 bedroom, 1 1/2 story home and rent out the mobile home to help pay your expenses or investors rent both units out for easy cash flow. Both units nestled on owned lot with easy access to Five Corners, shopping, restaurants and schools. Plenty of parking. Basement storage with bulkhead in the main home; mobile home comes with storage shed. Unique investment opportunity!