Sold
Last Sold Price
8 beds3,498 sqft$110/sqft
278-284 Manley Rd, Milton, VT 05468
Multi FamilyProperty Type
4.6 acresLot Size
1981Year Built
$110/sq ftPrice per sq ft

Description

Here is a rare opportunity to own a fully rented, 4 unit multi-family investment property with great cash flow. The property sits on over 4 acres of common land. Each apartment is identical and features 2 bedrooms and 1 full bath. All units have been completely updated in recent years with new kitchen cabinets, countertops, appliances, flooring, electrical and much more. Other improvements include a new septic system in 2010, new roof in 2018, upgraded water system in 2017 and a new shed was built...Here is a rare opportunity to own a fully rented, 4 unit multi-family investment property with great cash flow. The property sits on over 4 acres of common land. Each apartment is identical and features 2 bedrooms and 1 full bath. All units have been completely updated in recent years with new kitchen cabinets, countertops, appliances, flooring, electrical and much more. Other improvements include a new septic system in 2010, new roof in 2018, upgraded water system in 2017 and a new shed was built in 2013. This property is the definition of turn key and is sure to not last long in today's market!

    Sold By RE/MAX North Professionals

    • Listed by: The Jarvis a Realty Group • KW Vermont
    Listing closed: 05/10/2018 12:00 AM • Source: New England Real Estate Network, MLS#: 4683882

    Location

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    Payment Calculator

    $2,432 per month

    30 year fixed, 6.55% Interest

    Principal and Interest

    $1,957

    Property Taxes

    $475

    HOA Dues

    $0

    The Payment Calculator is for illustrative purposes only.

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    Property Information for 278-284 Manley Road

    Property Details
    • Taxes: $5,698 / year
    • MLS Type: Multi Family
    • Zoning: Residential
    Building Information
    • Stories: 2
    • Residences: 4
    • Year Built: 1981
    • Lot Size: 4.60 AC / 200,376 SF
    Summary
    Location and General Information
    • City: Milton
    • County: VT-Chittenden
    • Directions: Rte 7 in Milton, left to Lake Rd, right on Manley, property on left.
    • Road Frontage: Yes
    • Seasonal: No
    • State: VT
    • Street Designation: Road
    • Zip: 05468
    Taxes and HOA Information
    • Tax Expenses: $5,698.00
    • SPAN Number: 396-123-11234
    • Tax - Gross Amount: $5,697.87
    • Tax Year: 2018
    • Taxes TBD: No
    School Information
    • School - High: Milton Senior High School
    • School - District: Milton
    • School - Elementary: Milton Elementary School
    • School - Middle/Jr: Milton Jr High School
    Parking
    • Garage: No
    • Driveway: Gravel
    Property
    Lot Information
    • Lot - Sqft: 200376.0
    • Lot Size Acres: 4.6
    • Road Frontage Length: 628.0
    • Square Feet Apx Finished Above Grade: 3498.0
    • Square Feet Apx Finished AG Source: Public Records
    • Square Feet Apx Finished Below Grade: 0.0
    • Square Feet Apx Finished BG Source: Other
    • Square Feet Apx Total: 3498.0
    • Square Feet Apx Total Finished: 3498.0
    • Square Feet Apx Unfinished Above Grade: 0.0
    • Square Feet Apx Unfinished AG Source: Public Records
    • Square Feet Apx Unfinished Below Grade: 0.0
    • Square Feet Apx Unfinished BG Source: Other
    Property and Assessments
    • Property Class: Multi-Family
    • Flood Zone: No
    • Foundation: Slab - Concrete
    • PreConstruction: No
    • Surveyed: Unknown
    • Year Built: 1981
    Utilities
    • Electric: Circuit Breaker(s)
    • Sewer: Septic, Shared
    • Separate Utilities: Yes
    Interior and Exterior Features
    Exterior Features
    • Roads: Public
    • Roof: Shingle - Asphalt
    Interior Features
    • Basement: No
    • Total Full Baths: 4
    • Heat Fuel: Electric
    • Heating: Electric
    • Cooling: None
    • Total Stories: 2
    • Trash: Owner
    Multi Family
    Income & Expenses Information
    • Gross Income: $47,280.00
    • Expenses - Annual: $13,181.00
    • Expenses - Insurance: $2,405.00
    • Expense - Utility: $553
    • Expenses - Snow: $990
    • Net Income: $34,099.00
    • Expenses - Trash: $1,360.00
    • Expenses - Miscellaneous: $2,175.00
    • Operating Expense Incl: Insurance, Maintenance, Snow Removal, Trash, Water/Sewer
    Multi-Family Information
    • Total Units: 4
    • Total 1 BR Units: 0
    • Total 2 BR Units: 4
    • Total 3+ BR Units: 0
    Unit Information
    Unit 1
    • Unit 1 Baths: 1
    • Unit 1 Bedrooms: 2
    • Unit 1 Rental Agremnt: Yes
    • Unit 1 Lease Term: Annual
    • Unit 1 Rental Amt Freq: Monthly
    • Unit 1 Status: Leased
    • Unit 1 Apx Sqft: 864.0
    • Unit 1 Rooms: 4
    • Unit 1 Rental Amount: $985.00
    • Unit 1 Tenant Pays: Electric
    Unit 2
    • Unit 2 Lease Term: Annual
    • Unit 2 Baths: 1
    • Unit 2 Rooms: 4
    • Unit 2 Rental Agremnt: Yes
    • Unit 2 Status: Leased
    • Unit 2 Rental Amt Freq: Monthly
    • Unit 2 Apx Sqft: 864.0
    • Unit 2 Bedrooms: 2
    • Unit 2 Rental Amount: $985.00
    • Unit 2 Tenant Pays: Electric
    Unit 3
    • Unit 3 Lease Term: Month to Month
    • Unit 3 Baths: 1
    • Unit 3 Rooms: 4
    • Unit 3 Rental Agremnt: Yes
    • Unit 3 Rental Amt Freq: Monthly
    • Unit 3 Status: Month to Month
    • Unit 3 Apx Sqft: 864.0
    • Unit 3 Bedrooms: 2
    • Unit 3 Rental Amount: $985.00
    • Unit 3 Tenant Pays: Electric
    Unit 4
    • Unit 4 Rental Agremnt: Yes
    • Unit 4 Lease Term: Month to Month
    • Unit 4 Rental Amt Freq: Monthly
    • Unit 4 Rooms: 4
    • Unit 4 Baths: 1
    • Unit 4 Apx Sqft: 864.0
    • Unit 4 Bedrooms: 2
    • Unit 4 Status: Month to Month
    • Unit 4 Rental Amount: $985.00
    • Unit 4 Tenant Pays: Electric
    Rental
    Rent Information
    • Total Leases: 4

    Property History for 278-284 Manley Road

    DateEvent & SourcePriceAppreciation
    May 10, 2018

    Sold

    New England Real Estate Network #4683882

    $385,000
    Apr 8, 2018

    Pending

    New England Real Estate Network #4683882

    Apr 3, 2018

    Listed (Active)

    New England Real Estate Network #4683882

    $382,900
    DateEvent & SourcePrice
    05/10/2018

    Sold

    New England Real Estate Network #4683882

    $385,000
    04/08/2018

    Pending

    New England Real Estate Network #4683882

    04/03/2018

    Listed (Active)

    New England Real Estate Network #4683882

    $382,900

    For completeness, we often displays two records for one sale: the MLS record and the public record.

    Schools near 278-284 Manley Road

    This home is within Milton School District.
    Rating
    School
    Type
    Grades
    Distance
    Public - PK to 4
    Public - 5 to 8
    Public - 9 to 12
    Rating
    School
    Distance
    Milton Elementary School
    PublicPK to 4

    Milton Middle School
    Public5 to 8

    Milton Senior High School
    Public9 to 12

    School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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    Listing Courtesy of KW Vermont

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