Sold Status
$439,000 Sold Price
Multi Type
4 Beds
4 Baths
2,700 Sqft
Sold By John Black Real Estate Team of Coldwell Banker Hickok and Boardman
Similar Properties for Sale
Request a Showing or More Info
Call: 802-863-1500
Mortgage Provider
Mortgage Calculator
$
$ Taxes
$ Principal & Interest
$
This calculation is based on a rough estimate. Every person's situation is different. Be sure to consult with a mortgage advisor on your specific needs.
Essex
Great opportunity exists with this 4 unit multifamily property located in Essex on a corner lot with over 2 acres of land! There are 4 apartments on the upper level all with private entrances. Most of the ground level is currently used for owners storage with space to hold 4-6 vehicles and could be an additional source of income. All units are one bedroom with an additional room for use as an office space, etc. Apartments 2 and 3 are in the back and have private decks. Each unit also has washer and dryer hook-ups and is heated by a natural gas direct vent heater. There is a large yard and woods that allows each unit to have some outdoor space, gardening spot, etc as well as a huge parking lot that provides plenty of easy parking for tenants as well as visitors. The property is also directly on the bus line making it very convenient for tenants. The gross monthly income for all units is nearly $3500 and the rents are considered below market rate with room to increase. All units currently rented with month to month leases. †
Property Location
Property Details
Sold Price $439,000 | Sold Date May 11th, 2022 | |
---|---|---|
MLS# 4865482 | Bedrooms 4 | Garage Size 4 Car |
List Price 439,900 | Total Bathrooms 4 | Year Built 1900 |
Type Multi-Family | Lot Size 2.2000 Acres | Taxes $0 |
Units 4 | Stories 2 | Road Frontage 222 |
Annual Income $40,800 | Style Multi-Family | Water Frontage |
Annual Expenses $0 | Finished 2,700 Sqft | Construction No, Existing |
Zoning Residential | Above Grade 2,700 Sqft | Seasonal No |
Total Rooms 4 | Below Grade 0 Sqft | List Date Jun 8th, 2021 |