47 Jericho Rd

6
Baths
2,625 Sq. Ft.
$213 / Sq. Ft.
2,625
Sq. Ft.
$213
per Sq. Ft.

Description

Amazing investment opportunity in the center of Richmond! This well maintained 6 unit apartment building is centrally located in downtown Richmond providing easy access to all that Richmond has to offer, making this property a sought after rental amongst renters. There is A TON of opportunity here with rents being below market (according to the owners) and the large village lot zoned village commercial. Bring rents to market and enjoy the increased revenue or use the building/lot for your own commercial...Amazing investment opportunity in the center of Richmond! This well maintained 6 unit apartment building is centrally located in downtown Richmond providing easy access to all that Richmond has to offer, making this property a sought after rental amongst renters. There is A TON of opportunity here with rents being below market (according to the owners) and the large village lot zoned village commercial. Bring rents to market and enjoy the increased revenue or use the building/lot for your own commercial vision!
  1. Listed by Flex Realty Group • Flex Realty

Sold By Coldwell Banker Hickok and Boardman

Property Details for 47 Jericho Road

Parking
Parking Spaces 6+
Zoning
village commercial
LISTING CLOSED: 07/21/2023 12:00 AM

Property Details for 47 Jericho Road

StatusClosed
MLS #4955018
Days on Market10
Taxes$6,661 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti Family
Year Built1980
Lot Size0.32 AC / 13,939 SF
CountyChittenden County
Add your commute

Building Information for 47 Jericho Road

Stories1Residences6Year Built1980Building Size-Lot Size0.32 AC / 13,939 SF

Payment Calculator

$3,401 per month

30 year fixed, 6.55% Interest

Principal and Interest

$2,846

Property Taxes

$555

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 47 Jericho Road

Summary
Location and General Information
  • City: Richmond
  • County: VT-Chittenden
  • Latitude: 44.405893658760256
  • Longitude: -72.992509626983662
  • Road Frontage: TBD
  • Seasonal: No
  • State: VT
  • Street Designation: Road
  • Zip Code: 05477
Taxes and HOA Information
  • SPAN Number: 519-163-10291
  • Tax Year: 2022
  • Taxes TBD: No
Parking
  • Garage: No
  • Driveway: Paved
Property
Lot Information
  • Lot - Sqft: 13939.0
  • Lot Features: City Lot
  • Lot Size Acres: 0.32
  • Square Feet Apx Finished Above Grade: 2625.0
  • Square Feet Apx Finished AG Source: Public Records
  • Square Feet Apx Finished Below Grade: 0.0
  • Square Feet Apx Total: 2849.0
  • Square Feet Apx Total Finished: 2625.0
  • Square Feet Apx Unfinished Above Grade: 0.0
  • Square Feet Apx Unfinished Below Grade: 224.0
  • Square Feet Apx Unfinished BG Source: Public Records
Property and Assessments
  • Property Class: Multi-Family
  • Construction Status: Existing
  • Flood Zone: No
  • Foundation: Block
  • PreConstruction: No
  • Surveyed: Unknown
  • Year Built: 1980
Utilities
  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Water Source: Public
  • Utilities: Other
  • Separate Utilities: Yes
Interior and Exterior Features
Exterior Features
  • Construction Materials: Wood Frame, Vinyl Exterior
  • Roof: Metal
  • Total Ranges: 6
Interior Features
  • Appliances: Water Heater – Electric, Water Heater – Owned, Water Heater – Tank
  • Basement: Yes
  • Basement Access Type: Walk-up
  • Basement Description: Concrete Floor, Crawl Space, Dirt Floor, Stairs - Exterior, Unfinished
  • Flooring: Carpet, Hardwood, Laminate, Tile
  • Heating: Baseboard, Electric
  • Cooling: None
  • Total Refrigerators: 6
  • Total Stories: 1
  • Total Water Heaters: 6
Multi Family
Income & Expenses Information
  • Gross Income: $38,200.00
  • Net Income: $22,501.00
  • Operating Expense Incl: Insurance, Other, Utilities, Water/Sewer
  • Operating Expense: $15,698
Multi-Family Information
  • Total Units: 6
  • Total 1 BR Units: 6
  • Total 2 BR Units: 0
  • Total 3+ BR Units: 0
  • Total Heat Units: 6
Unit Information
Unit 1
  • Unit 1 Baths: 1
  • Unit 1 Bedrooms: 1
  • Unit 1 Lease Term: Month to Month
  • Unit 1 Rental Amt Freq: Monthly
  • Unit 1 Status: Leased
  • Unit 1 Rooms: 3
  • Unit 1 Rental Amount: $510.00
  • Unit 1 Tenant Pays: Electric, Heat, Hot Water
  • Unit 1 Info: CO Detector, Range - Electric, Refrigerator, Smoke Detector, Water Heater
Unit 2
  • Unit 2 Lease Term: Month to Month
  • Unit 2 Baths: 1
  • Unit 2 Rooms: 3
  • Unit 2 Status: Leased
  • Unit 2 Rental Amt Freq: Monthly
  • Unit 2 Bedrooms: 1
  • Unit 2 Rental Amount: $650.00
  • Unit 2 Info: CO Detector, Hot Water, Range - Electric, Refrigerator
  • Unit 2 Tenant Pays: Electric, Heat, Hot Water
Unit 3
  • Unit 3 Lease Term: Month to Month
  • Unit 3 Baths: 1
  • Unit 3 Rooms: 3
  • Unit 3 Rental Amt Freq: Monthly
  • Unit 3 Status: Leased
  • Unit 3 Bedrooms: 1
  • Unit 3 Rental Amount: $650.00
  • Unit 3 Info: CO Detector, Heat, Hot Water, Range - Electric, Refrigerator, Smoke Detector
  • Unit 3 Tenant Pays: Electric, Heat, Hot Water
Unit 4
  • Unit 4 Lease Term: Month to Month
  • Unit 4 Rental Amt Freq: Monthly
  • Unit 4 Rooms: 3
  • Unit 4 Baths: 1
  • Unit 4 Bedrooms: 1
  • Unit 4 Status: Leased
  • Unit 4 Rental Amount: $650.00
  • Unit 4 Info: CO Detector, Hot Water, Range - Electric, Refrigerator, Smoke Detector
  • Unit 4 Tenant Pays: Electric, Heat, Hot Water
Unit 5
  • Unit 5 Rental Agreement: Yes
  • Unit 5 Rental Amt Freq: Monthly
  • Unit 5 Status: Leased
  • Unit 5 Baths: 1
  • Unit 5 Bedrooms: 1
  • Unit 5 Rooms: 3
  • Unit 5 Lease Term: Month to Month
  • Unit 5 Rental Amount: $700.00
  • Unit 5 Info: CO Detector, Hot Water, Range - Electric, Refrigerator, Smoke Detector
  • Unit 5 Tenant Pays: Electric, Heat, Hot Water
Unit 6
  • Unit 6 Rental Agreement: No
  • Unit 6 Baths: 1
  • Unit 6 Bedrooms: 1
  • Unit 6 Rooms: 3
  • Unit 6 Status: Vacant
  • Unit 6 Info: CO Detector, Hot Water, Range - Electric, Refrigerator, Smoke Detector
  • Unit 6 Tenant Pays: Electric, Heat, Hot Water

Property History for 47 Jericho Road

DateEvent & SourcePriceAppreciation
Jul 21, 2023

Sold (Public Record)

Public Record #1515889414

$560,000
Jul 21, 2023

Sold

New England Real Estate Network #4955018

$560,000
Jun 10, 2023

Active Under Contract

New England Real Estate Network #4955018

DateEvent & SourcePrice
07/21/2023

Sold (Public Record)

Public Record #1515889414

$560,000
07/21/2023

Sold

New England Real Estate Network #4955018

$560,000
06/10/2023

Active Under Contract

New England Real Estate Network #4955018

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

Public Records for 47 Jericho Road

Taxable ValueLand$111,300Additions$335,800Total$447,100
Tax Record2022$6,662 ($555 / month)
Home Facts
Total Finished SqFt2,625 SqFtAbove Grade Finished SqFt2,625 SqFtStories1Lot Size13,939 SqFtStyleOffice BuildingYear Built1980CountyCHITTENDENAPN(163) JR0047

Schools near 47 Jericho Road

This home is within Mount Mansfield Unified Union School District #401.
Rating
School
Type
Grades
Distance
Public - PK to 4
Public - PK to 4
Public - 5 to 8
Public - 9 to 12
Rating
School
Distance
Brewster Pierce School
PublicPK to 4

Richmond Elementary School
PublicPK to 4

Camels Hump Middle Usd #17
Public5 to 8

Mt. Mansfield Usd #17
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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Flex Realty

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