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371 River Street, Montpelier, VT 05602

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For Sale

$375,000

3 beds • 1 baths • 1,316 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Single Family Detached
    Property type

  • $284.95
    Price per square foot

  • Over 50 Years Old
    Age

  • Basement
    Rooms

Explore this Property

Tax bill dropped $3k this tax year! Unique property with many possibilities. It has an amazing 300 ft of road frontage and exposure. Live in the home and have the storage units pay your expenses. Or rent the house to tenants or a business to add to the income from the storage units. This property just went through a change of use permit (attached) from Commercial to Residential zoning. The very well maintained 1934 three-bedroom, one bathroom cape home has been getting $2,000-2,600./month with all utilities included. The home has been an office building for several businesses in the past. The home has hardwood floors, a main floor bedroom, living room, mud room, den, dining room, closet with stackable laundry unit, kitchen with back door access and an updated bathroom. The house does not have direct entry to the basement that is accessed by a private locked door in the lower parking area of the circular paved driveway. There are 4 inside locked storage units in the basement that bring in $240/month total. Next to the house, there are 11 storage units in a single building and they are of varying sizes. That building currently generates $755/month. The house is currently $750/week for two renters. All units are likely to be charging under market rates, but there are many long term renters.
MLS# 5040756

Courtesy Of Berkshire Hathaway HomeServices Vermont Realty Group

(802) 223-6302

Property Features

  • Age
    Over 50 Years Old
  • Appliances
    Refrigerator
  • Architecture Style
    Other
  • Floor Covering
    Carpet, Hardwood, Vinyl
  • Lot Size
    1.12 Acres
  • Roof Type
    Metal
  • Rooms
    Basement, Den, Dining Room, Kitchen, Living Room

Map and Directions

Directions to 371 River Street, Montpelier, VT 05602

Home seller CENTURY 21 North East

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CENTURY 21 North East

(802) 782-8662
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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.