Attention investors and landlords! Looking for another property to add to your portfolio? Look no more! This 6-unit building in private neighborhood is nestled on 2.17 acres and offers room for development and expansion. With three 1-BR units, two 2-BR units and one 3-BR. Most units have separate utilities. Easy rentals with solid rental history! Sufficient parking including a 4-bay garage/carport. Large lot bordering Fleming Elementary School. Private location with little thru traffic, yet minutes to all village conveniences. Don't miss out on this unique opportunity!
Excellent investment opportunity! This 6-unit on 1/2 acre lot with 5-car garage is located in the heart of Essex Junction Village within walking distance to schools, Five Corners and bus station. 13 bedrooms total with two 1-BR units, two 2-BR units, one 3-BR and one 4-BR. Separate gas and electric. Plenty of parking in driveway and garage. Nice backyard with apple trees. Easy access to shopping and restaurants. Cap rate of 8.4%!!
Age: Over 50 Years Old
Appliances: Range, Refrigerator
Architecture Style: Other
Exterior Type: Vinyl Siding
Parking Type: Assigned, Garage - Detached, Paved or Surfaced
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 owner s 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.
This well maintained duplex located in the heart of Essex Junction is a rare find and should be considered by anyone looking to have an income property or would like to owner/occupy. Ample off street parking and a garden shed with matching metal roof. Close to schools and Maple Street Park.