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184 Elm Street, Montpelier, VT 05602

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For Sale

$1,450,000

9 beds • 7 baths • 5,084 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $285.21
    Price per square foot

  • Over 50 Years Old
    Age

  • Basement
    Rooms

Explore this Property

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 Montpelier s restaurants and shopping. 48 hours notice for showings please, no exceptions.
MLS# 4991351

Courtesy Of Green Light Real Estate

(802) 225-6425

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Basement
  • Architecture Style
    Other
  • Heating Fuel
    Electric, Oil
  • Heating System
    Heat Pump, Steam
  • Lot Size
    0.28 Acres
  • Roof Type
    Asphalt
  • Rooms
    Basement, Bedroom, Full Bath

Map and Directions

Directions to 184 Elm Street, Montpelier, VT 05602

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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