184 Elm Street
$1,450,000
9
7
5,084
5,084
$285
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Description
Turn key, stabilized, fully leased, renovated and well-maintained six unit apartment building for sale in downtown Montpelier. Three 2-bedroom units, and three 1-bedroom units, all with laundry and hardwood floors. Units have been renovated with granite countertops, stainless appliances, renovated bathrooms, floors, paint, and much more. Units 1 and 2 share the front porch, and have a shared laundry. Units 3 and 4 enter from the side, and units 5 and 6 are newly built in a converted carriage barn....Turn key, stabilized, fully leased, renovated and well-maintained six unit apartment building for sale in downtown Montpelier. Three 2-bedroom units, and three 1-bedroom units, all with laundry and hardwood floors. Units have been renovated with granite countertops, stainless appliances, renovated bathrooms, floors, paint, and much more. Units 1 and 2 share the front porch, and have a shared laundry. Units 3 and 4 enter from the side, and units 5 and 6 are newly built in a converted carriage barn. Strong rental history. Tenants pay their own utilities. Units 1-4 heat with an oil furnace and Units 5-6 have heat pumps and mini-splits. NOI $87,000 makes this a solid 6% cap rate for a high quality building. Assigned off street parking for each unit. Nice backyard as well, for tenants to enjoy. Barn is part of this property as well, and has areas clearly marked off for tenants to use as storage. Please note that the structure did NOT flood in July 2023. Land is in the 1% flood hazard zone, but LOMA is in place attesting that the building is outside of the flood zone. Incredibly convenient to downtown Montpelier’s restaurants and shopping. 48 hours notice for showings please, no exceptions.
- Listed by Ray Mikus • Green Light Real Estate
Property Details for 184 Elm Street
Parking
Driveway, Reserved
ZoningMixed Use Res.
LISTING UPDATED: 09/27/2024 01:30 PM
Property Details for 184 Elm Street
Status | Active |
---|---|
MLS # | 4991351 |
Days on Market | 178 |
Taxes | $16,934 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi Family |
Year Built | 1850 |
Lot Size | 0.28 AC / 12,196 SF |
County | Washington County |
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Building Information for 184 Elm Street
Stories2Residences6Year Built1850Building Size-Lot Size0.28 AC / 12,196 SF
Property Information for 184 Elm Street
Property History for 184 Elm Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 184 Elm Street
Taxable ValueLand$55,400Additions$410,100Total$465,500
Tax Record2021$14,384 ($1,199 / month)
Home Facts
Total Finished SqFt3,980 SqFtAbove Grade Finished SqFt3,980 SqFtUnfinished Basement SqFt1,446 SqFtStories2Lot Size12,197 SqFtStyleMulti-Family Res (5+ Units)Year Built1850CountyWASHINGTONAPN(126) 043186000
Schools near 184 Elm Street
This home is within Montpelier Roxbury Unified Union School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 4 | |||
Public - | PK to 4 | |||
Public - | 5 to 8 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Union Elementary School PublicPK to 4 | ||
Roxbury Village School PublicPK to 4 | ||
Main Street School Public5 to 8 | ||
Montpelier 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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