67 Main Street Enosburg, Vermont 05450 MLS# 4674760

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Sold Status

$162,500 Sold Price

Multi Type

4 Beds

3 Baths

2,640 Sqft

Listed By of Preferred Properties - Off: 802-862-9106
Sold By Your Journey Real Estate
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Franklin County

67 Main Street

All units are leased in this completely renovated historic 1800's brick building and extremely profitable 3 unit apartment building is THE next piece to your investing puzzle–regardless if you are planning to owner occupy or own as an investment property. These numbers are out of this world, when fully leased out it can earn over $1,000/month. This is a 24% cash on cash return on your investment! Cap rate is over 12%! Try finding these types of returns on any other investment. As an owner-occupied income property, with the right low down payment mortgage program, you could live for free - and save so much cash. This property has amazing historical performance and current owner has indicated they have had little problem finding renters. No detail has been overlooked as this property has been renovated to make ownership headache free for future owner. Renovations of each unit are now complete and ALL UNITS ARE NOW LEASED! Ease of ownership throughout with convenient updated vinyl windows, hand hewn timber framing, new carpet, updated appliances and countertops, the spacious, coveted 2 BR apartment. This unit also features washer/dryer hook ups and a jetted tub. It’s the crown jewel of this property and is currently rented at $1,150/month. 2&3 each rent for $775, a total of $2,700/month. This apartment building has been converted to efficient natural gas heat. Each unit has good storage and tenant pays for electricity, trash and cable/internet.

Property Location

67 Main Street Enosburg

Property Details

Sold Price  $162,500 Sold Date  May 18th, 2018
List Price  166,000 Bedrooms  4 Garage Size   Car
Cooperation Fee  Unknown Total Bathrooms  3 Year Built  1829
MLS#  4674760 Lot Size  0.16 Acres Taxes $3,081
Type  Multi-Family Days on Market  2488 Days Tax Year 2016
Units  3 Stories  2 Road Frontage  94
Annual Income  $0 Style  Apartment Building, Multi-Family Water Frontage  
Annual Expenses  $0 Finished  2,640 Sqft Construction  No, Existing
Zoning   Village of Enosburg Fall Above Grade  2,640 Sqft Seasonal  No
Total Rooms  4 Below Grade  0 Sqft List Date  Jan 29th, 2018
Gross Income  $0 Operating Expenses  $0 Net Income  $32,400
Expenses Includes 
Unit 1   2 Beds, 1 Baths, 1,320 SqFt, $1,150/Monthly Unit 2   1 Beds, 1 Baths, 660 SqFt, $775/Monthly
Unit 3   1 Beds, 1 Baths, 660 SqFt, $775/Monthly
ConstructionMasonry
BasementWalkout, Bulkhead, Exterior Stairs, Stairs - Exterior
Interior Features
Exterior Features
Exterior  Brick Disability Features  
Foundation  Stone House Color  Red
Floors  Vinyl, Carpet, Laminate, Vinyl Building Certifications  
Roof  Metal HERS Index  
DirectionsFrom Dollar General in Enosburgh take a right. At the stop sign turn right on to Main Street. Turn right at property into driveway at large tidy brick building.
Lot Description, City Lot
Garage & Parking  No, , , Off Street, On Site
Road Frontage  94 Water Access  
Driveway  Crushed Stone, Dirt, Gravel Water Type  
Flood Zone  No Water Body  
Zoning  Village of Enosburg Fall
School District  Enosburg Falls ID Sch District Middle  Enosburg Falls Middle School
Elementary  Enosburg Falls Elem. School High  Enosburg Falls Senior HS
Heat Fuel   Excluded  
Heating/Cool  None, Baseboard Negotiable  
Sewer  Public Sewer On-Site Parcel Access ROW  
Water  Public Water - On-Site ROW for Other Parcel  
Water Heater  Gas-Natural Financing  
Cable Co  Comcast Documents  
Electric  Circuit Breaker Tax ID  204-065-10505
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† The remarks published on this webpage originate from Listed By of Preferred Properties - Off: 802-862-9106 via the PrimeMLS IDX Program and do not represent the views and opinions of Coldwell Banker Hickok & Boardman. Coldwell Banker Hickok & Boardman cannot be held responsible for possible violations of copyright resulting from the posting of any data from the PrimeMLS IDX Program.