Montpelier Multi Family Homes for Sale

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52-68 Northfield Street Montpelier VT 05602
Active With Contract

MLS Number 4868060

  • Multifamily
  • Bathroom 9
  • Units 9
  • Acreage 3.39
  • Square Feet 9,241

Nine good units, with plenty of parking in the heart of Montpelier. This multifamily package consists of three buildings and two building lots. 52 has four one-bedroom units. Both upstairs units have access to the full attic. Landlord pays heat for 52. Additional living space or bedrooms? The downstairs units have access to the basement for storage. 56 has a 4-bedroom and two 2-bedroom units. The 2-bedroom units were completely redone by Clar Construction in the past few years, including wood floors, new kitchens, bathrooms, heat pumps, everything. Please note that the current owner has structured such that one of the 2-bedrooms in 56 works as the "super" in exchange for rent and utilities. Tenants (except the super) pay heat and electricity for 56. 68 has two 3-bedroom units, each with access to the full attic and basement. Tenants pay heat and electricity in 68. These units are easy to rent. The property is, and usually is, fully rented. Many long term tenants, including some who have been there for 20 years or more. The buildings are in differing condition. A couple units in 52 could benefit from updating, but the rest are fine/very good. Rents have not been raised in a couple years, opportunity to increase rents throughout, even more so if rooms are added. Also included are two adjacent lots. More multis? Storage? Single family? Being offered as a package. Serious inquiries only. See attachments for financial details.

Listed by Ray Mikus of Green Light Real Estate

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$
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$/month over payments
Federal 30-year interest rate: 5.3% last updated on May 12, 2022
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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Hebert Road Montpelier VT 05602

Montpelier, VTHebert Road

Price$250,000

Est. Mortgage: $/month

Active With Contract

MLS Number 4861015

  • Multifamily
  • Units 24
  • Acreage 8
  • Utilities Other

Development rights to construct 24 units in Montpelier in a very desirable area. 12 units were built in the early 90's and 24 units remain to be built. Call for permit status. Span # for just the units are not known as this parcel doesn't show up on the city tax map as separate from a recreation easement area. Book & page are partial information for how the parcel's development rights were obtained. Other deeds may be relevant. Square footage, garage, # bedroom units, etc are not accurate but are mandatory fields.

Listed by James Fecteau of Fecteau Real Estate

$
$
%
$/month over payments
Federal 30-year interest rate: 5.3% last updated on May 12, 2022
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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Copyright 2022 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the IDX Program of NEREN. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated May 18, 2022.