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    • Listing Provided By The Malley Group with KW Vermont
    DESCRIPTION

    Rare opportunity to invest in a Montpelier oasis! Tucked away behind mature trees, this three-building complex totals 15 units. These well-maintained apartments are easy to rent and have comfortable cash flow with below-market rents and practically zero vacancy rate. For 20 years, all tenants have qualified as non-smokers with no pets and good credit. The prior owner had excellent upkeep & maintenance practices managed by two talented personnel who took care of the property for years. The current owner has continued this level of property upkeep with the same reliable employees. Across the street, the brand-new Bar Hill facility offers an elegant & active bar scene with weekend food trucks. Hunger Mountain Coop is just 2 minutes away. The property is adjacent to Sabins Pasture, used by many for hiking and cross-country skiing. A great location: near lakes & rivers for canoeing & kayaking; 30 minutes from Stowe and Sugarbush; close to Vermont College of Fine Art; 30 minutes or less to Norwich, Goddard, Vermont Tech and CCV. In 2020, the city invested in a new bike path right outside of your tenants front door, which runs south into the heart of Montpelier and north to connect with other trail systems. The properties are listed in the Urban Center 3 Zone which supports high density development. This campus of three buildings has a great cash flow, makes this investment convenient to manage, and has great potential for current and future opportunities! Showings begin 6/25/21

    KEY DETAILS
    • Price:
    • $1,625,000
    • Bedrooms:
    • 0
    • Square Footage:
    • 9,627
    • Acreage:
    • 1.38
    • Year Built:
    • 1900
    • MLS #:
    • 4867831
    • Street Address:
    • 282, 288, 294 Barre Street
    • City:
    • Montpelier
    • State:
    • VT
    • Postal Code:
    • 05602
    • County:
    • Washington
    • Listing Status:
    • For Sale - Pending

    Building

    • Basement Access:
    • Interior
    • Basement Description:
    • Concrete, Dirt Floor, Stairs - Interior, Unfinished
    • Construction Description:
    • Wood Frame
    • Construction Status:
    • Existing
    • Exterior Features:
    • Outbuilding, Porch - Covered, Shed, Storage
    • Finished Above Ground Square Footage:
    • 9627
    • Finished Square Feet:
    • 9627
    • Flooring:
    • Carpet, Vinyl, Wood
    • Foundation:
    • Concrete, Fieldstone, Other
    • Has Basement:
    • Yes
    • Number Of Units:
    • 15
    • Siding:
    • Clapboard
    • Stories:
    • 3
    • Style:
    • Historic Vintage, Multi-Family, Multi-Level
    • Total Building Square Footage:
    • 12807
    • Type Of Roof:
    • Shingle
    • Unfinished Basement Square Footage:
    • 3180
    • Year Built:
    • 1900

    Business

    • Gross Income:
    • 179700
    • Net Operating Income:
    • 132773
    • Operating Expense:
    • 46927

    Land

    • Conforms To Zoning:
    • Urban Center 3
    • Lot Description:
    • City Lot, Level, Neighbor Business, Other, Sloping, Wooded
    • Lot Square Footage:
    • 60113
    • Road Frontage:
    • 503
    • Road Type:
    • Public

    Listing

    • Days On Market:
    • 26
    • Restrictions:
    • Pets - None, Smoking - No

    Money

    • Price Per Square Foot:
    • 168.80
    • Property Taxes:
    • $18,672
    • Tax Year:
    • 2021

    Structures

    • Driveway:
    • Dirt
    • Garage Capacity:
    • 1
    • Garage Type:
    • Detached
    • Has Garage:
    • Yes
    • Parking Description:
    • Driveway, Off Street

    Systems

    • Electricity:
    • Circuit Breaker(s)
    • Existing Water:
    • Public
    • Heating:
    • Direct Vent, Forced Air, Hot Air, Space Heater
    • Heating Fuel:
    • Gas - Lp/Bottle
    • Sewage Type:
    • Public
    • Water Heater:
    • Free Standing, Gas - Lp/Bottle, Owned

    Source

    VMONT
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