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Middlebury,VT 05753
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,352 sqft
Price per Sqft $180
MLS Listing ID 5047976
Bedrooms 3
Full Baths 3
Construction Status Existing
Year Built 1900
Annual Tax Amount $7,252
Tax Year 2024
Lot Size 0.500 Acres
Acres 0.5
Property Description
Close to town - check! Income generating - check! Plenty of parking - check! Versatile building - check! Relatively easy maintenance - check! This three unit investment property cash flows with the current rents and there is potential to expand on this property and create more housing units. The 1/2 acre, in town, lot is in the Residential 12 zoning district and could likely accommodate another structure with town approvals (not yet obtained but see documents on listing showing zoning information). The main floor office space consists of a private office, a conference room, reception area, kitchen, bathroom and storage room and has direct access to the basement. Accessible by a ramp on the front of the building. The 2nd floor apartment has a living room, bathroom, kitchen, and office/br. The ADU, which was recently completed, is a studio apartment with an elevated "loft" style bedroom, living/kitchen area, 3/4 bath with a combo washer/dryer set up and a deck! There is more than enough parking and the basement can also be accessed by a bulkhead from the outside for maintenance and tenant access. The town of Middlebury is in dire need of rental apartments and this is a highly desirable location.
Location
State VT
County Vt-addison
Area Vt-Addison
Zoning Residential - 12
Rooms
Basement Entrance Interior
Basement Bulkhead,Concrete Floor,Storage Space,Sump Pump,Unfinished,Interior Access,Exterior Access,Stairs - Basement
Interior
Cooling None
Flooring Carpet,Hardwood,Laminate,Other
Exterior
Garage Description Driveway,On-Site,Parking Spaces 6+,Paved,Unassigned,Unpaved,Visitor
Utilities Available Cable - Available,Gas - On-Site,Telephone At Site
Roof Type Shingle
Building
Story 2
Foundation Fieldstone
Sewer Public
Architectural Style Apartment Building,Colonial,Conversion,Farmhouse,Multi-Family,Multi-Level,w/Addition
Construction Status Existing
Schools
Elementary Schools Mary Hogan School
Middle Schools Middlebury Union Middle #3
High Schools Middlebury Senior Uhsd #3
School District Addison Central