814 Ryegate Road

Closed 12/8/22
Closed 12/8/22
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Sold
Last Sold Price
$350,000
9 beds3,966 sqft$88/sqft
814 Ryegate Rd, Wells River, VT 05081
Multi FamilyProperty Type
1.3 acresLot Size
1953Year Built
$88/sq ftPrice per sq ft

Description

Strong cash flowing 5-unit apartment building between Wells River and Ryegate, VT. Recently renovated units with excellent tenants. Low maintenance inside and out. Professionally managed by a company that would like to continue managing the property. Detailed financials available with signed non-disclosure agreement. The listing agent has an ownership interest in the property. Seller financing available.Strong cash flowing 5-unit apartment building between Wells River and Ryegate, VT. Recently renovated units with excellent tenants. Low maintenance inside and out. Professionally managed by a company that would like to continue managing the property. Detailed financials available with signed non-disclosure agreement. The listing agent has an ownership interest in the property. Seller financing available.

    Sold By Coldwell Banker LIFESTYLES - Hanover

    • Listed by: Loren Wehmeyer • Coldwell Banker LIFESTYLES - Hanover
    Listing closed: 12/08/2022 12:00 AM • Source: New England Real Estate Network, MLS#: 4904810
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    Location

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    $2,111 per month

    30 year fixed, 6.71% Interest

    Principal and Interest

    $1,809

    Property Taxes

    $302

    HOA Dues

    $0

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    Property Information for 814 Ryegate Road

    Property Details
    • Taxes: $3,625 / year
    • MLS Type: Multi Family
    • County: Caledonia County
    • Zoning: Commercial 2
    Building Information
    • Stories: 1
    • Residences: 5
    • Year Built: 1953
    • Lot Size: 1.30 AC / 56,628 SF
    Summary
    Location and General Information
    • Area Description: Rural
    • City: Newbury
    • County: VT-Orange
    • Directions: From I-91, take the Wells River Exit (exit 17). Turn right onto US-302. Turn left onto Main Street North. Main Street North becomes US-5 North. Follow US-5 North for one mile from the village of Wells River. Building is on the northeast side of the road with a sign labeled "The Birchwood".
    • Latitude: 44.167633391682998
    • Longitude: -72.054712728836066
    • Road Frontage: Yes
    • Seasonal: No
    • State: VT
    • Street Designation: Road
    • Village/Dist/Locale: Wells River
    • Zip Code: 05081
    Taxes and HOA Information
    • SPAN Number: 54617210057
    • Tax - Gross Amount: $3,625.07
    • Tax Year: 2021
    • Taxes TBD: Yes
    Parking
    • Garage: No
    • Driveway: Paved
    Property
    Lot Information
    • Lot - Sqft: 56628.0
    • Lot Size Acres: 1.3
    • Road Frontage Length: 208.0
    • Square Feet Apx Finished Above Grade: 3966.0
    • Square Feet Apx Finished AG Source: Public Records
    • Square Feet Apx Finished Below Grade: 0.0
    • Square Feet Apx Finished BG Source: Owner
    • Square Feet Apx Total: 7932.0
    • Square Feet Apx Total Finished: 3966.0
    • Square Feet Apx Unfinished Above Grade: 3966.0
    • Square Feet Apx Unfinished AG Source: Public Records
    • Square Feet Apx Unfinished Below Grade: 0.0
    • Square Feet Apx Unfinished BG Source: Owner
    Property and Assessments
    • Current Use: No
    • Assessment Amount: $155,000
    • Assessment Year: 2020
    • Property Class: Multi-Family
    • Easements: Unknown
    • Flood Zone: Unknown
    • Foundation: Poured Concrete
    • PreConstruction: No
    • Surveyed: Unknown
    • Year Built: 1953
    Utilities
    • Electric Company: Green Mountain Power
    • Fuel Company: Jock Oil
    • Electric: Circuit Breaker(s)
    • Sewer: On-Site Septic Exists
    • Utilities: DSL - Available
    • Total Electric Meters: 1
    • Separate Utilities: No
    Interior and Exterior Features
    Exterior Features
    • Color: White
    • Roads: Paved
    • Roof: Metal, Shingle - Asphalt
    • Total Ranges: 5
    Interior Features
    • Basement: No
    • Total Full Baths: 7
    • Heat Fuel: Oil
    • Heating: Hot Water, Multi Zone
    • Cooling: None
    • Total Refrigerators: 5
    • Total Rooms Above Ground: 14
    • Total Stories: 1
    • Total Water Heaters: 1
    • Trash: Dumpster
    Multi Family
    Income & Expenses Information
    • Gross Income: $61,740.00
    • Operating Expense Incl: Heat, Insurance, Maintenance, Professional Management, Snow Removal, Trash, Utilities, Water/Sewer
    Multi-Family Information
    • Total Units: 5
    • Total 1 BR Units: 2
    • Total 2 BR Units: 3
    • Total 3+ BR Units: 0
    • Total Heat Units: 1
    Unit Information
    Unit 1
    • Unit 1 Baths: 2
    • Unit 1 Bedrooms: 2
    • Unit 1 Lease Term: Annual
    • Unit 1 Rental Amt Freq: Monthly
    • Unit 1 Status: Leased
    • Unit 1 Apx Sqft: 880.0
    • Unit 1 Rooms: 3
    • Unit 1 Rental Amount: $1,095.00
    • Unit 1 Tenant Pays: Internet Service
    Unit 2
    • Unit 2 Lease Term: Annual
    • Unit 2 Baths: 2
    • Unit 2 Rooms: 3
    • Unit 2 Status: Leased
    • Unit 2 Rental Amt Freq: Monthly
    • Unit 2 Apx Sqft: 880.0
    • Unit 2 Bedrooms: 2
    • Unit 2 Rental Amount: $1,170.00
    • Unit 2 Tenant Pays: Internet Service
    Unit 3
    • Unit 3 Lease Term: Annual
    • Unit 3 Baths: 1
    • Unit 3 Rooms: 5
    • Unit 3 Rental Amt Freq: Monthly
    • Unit 3 Status: Leased
    • Unit 3 Apx Sqft: 1006.0
    • Unit 3 Bedrooms: 3
    • Unit 3 Rental Amount: $1,245.00
    • Unit 3 Tenant Pays: Internet Service
    Unit 4
    • Unit 4 Lease Term: Annual
    • Unit 4 Rental Amt Freq: Monthly
    • Unit 4 Rooms: 2
    • Unit 4 Baths: 1
    • Unit 4 Apx Sqft: 600.0
    • Unit 4 Bedrooms: 1
    • Unit 4 Status: Leased
    • Unit 4 Rental Amount: $885.00
    • Unit 4 Tenant Pays: Internet Service
    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: 2
    • Unit 5 Apx Sqft: 600.0
    • Unit 5 Lease Term: Annual
    • Unit 5 Rental Amount: $995.00
    • Unit 5 Tenant Pays: Internet Service
    Rental
    Rent Information
    • Total Leases: 5

    Property History for 814 Ryegate Road

    DateEvent & SourcePriceAppreciation
    Dec 8, 2022

    Sold (Public Record)

    Public Record #1504344505

    		$350,000

    +23.6% / yr

    Dec 8, 2022

    Sold

    New England Real Estate Network #4904810

    		$350,000—
    Nov 11, 2022

    Pending

    New England Real Estate Network #4904810

    		—
    DateEvent & SourcePrice
    12/08/2022

    Sold (Public Record)

    Public Record #1504344505

    $350,000

    +23.6% / yr

    12/08/2022

    Sold

    New England Real Estate Network #4904810

    $350,000
    11/11/2022

    Pending

    New England Real Estate Network #4904810

    —

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

    Public Records for 814 Ryegate Road

    Taxable ValueLand$21,500Additions$139,100Total$160,600
    Tax Record2025$2,681 ($223 / month)
    Home Facts
    Lot Size56,628 SqFtStyleMulti-Family Res (5+ Units)CountyCALEDONIAAPN(172) 13555034

    Schools near 814 Ryegate Road

    This home is within Blue Mountain Unified School District #21.
    Rating
    School
    Type
    Grades
    Distance
    Blue Mountain Usd #21
    		Public - PK to 12
    Rating
    School
    Distance
    Blue Mountain Usd #21
    PublicPK 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 Coldwell Banker LIFESTYLES - Hanover

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