111 South Main Street Middlebury, Vermont 05753 MLS# 4997190

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Sold Status

$1,150,000 Sold Price

Multi Type

9 Beds

7 Baths

5,497 Sqft

Listed By Sarah Peluso of IPJ Real Estate
Sold By IPJ Real Estate

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What a location! Just down the street from Middlebury College and historic downtown Middlebury, this incredible investment property is ready for new owners. With a total of 9 bedrooms among six units, the structure retains a lot of its original charm. Several exterior porches allow for outdoor living space and hardwood floors and handsome woodwork appear in the main entry and within some units. Many updates have been done to make it easy to just purchase and go! A brand new sprinkler system was just installed, along with a new natural gas boiler. Most of the units have been freshly painted, and all are currently rented. A list of many recent improvements is attached to the listing. If you are looking for an investment property that is turn key- this might just be the one! †

Property Location

111 South Main Street Middlebury

Property Details

Essentials

Sold Price $1,150,000		Sold Date Jul 31st, 2024
List Price 1,200,000	Bedrooms 9	Garage Size 0 Car
Cooperation Fee Unknown	Total Bathrooms 7	Year Built 1873
MLS# 4997190	Lot Size 0.39 Acres	Taxes $10,852
Type Multi-Family	Days on Market 181 Days	Tax Year 2023
Units 6	Stories 1/2/1900	Road Frontage 124
Annual Income $96,000	Style	Water Frontage
Annual Expenses $0	Finished 5,497 Sqft	Construction No, Existing
Zoning Residential-12	Above Grade 5,497 Sqft	Seasonal No
Total Rooms 9	Below Grade 0 Sqft	List Date May 24th, 2024

Expenses

Gross Income $96,000	Operating Expenses $0	Net Income $54,300

Expenses Includes

Unit Size & Rent

Unit 1 2 Beds, 1 Baths, 675 SqFt, $1,000/Monthly	Unit 2 2 Beds, 2 Baths, 1,057 SqFt, $2,100/Monthly
Unit 3 1 Beds, 1 Baths, 859 SqFt, $1,000/Monthly	Unit 4 1 Beds, 1 Baths, 458 SqFt, $1,000/Monthly
Unit 5 2 Beds, 1 Baths, 686 SqFt, $1,800/Monthly	Unit 6 1 Beds, 1 Baths, 523 SqFt, $1,100/Monthly

Building

Construction
BasementInterior, Unfinished, Bulkhead
Interior Features
Exterior Features

Exterior	Disability Features
Foundation Stone	House Color White
Floors Vinyl, Carpet, Hardwood	Building Certifications
Roof Slate	HERS Index

Property

DirectionsFrom the rotary in the center of Middlebury, travel south on South Main Street/VT Route 30. Follow for .2 miles and property will be on the left.
Lot Description, Village
Garage & Parking No, Driveway

Road Frontage 124	Water Access
Driveway Gravel	Water Type
Flood Zone No	Water Body
Zoning Residential-12

Schools

School District Addison Central	Middle Middlebury Union Middle #3
Elementary Mary Hogan School	High Middlebury Senior UHSD #3

Utilities

Heat Fuel	Excluded
Heating/Cool None, Hot Water	Negotiable
Sewer Public	Parcel Access ROW
Water	ROW for Other Parcel
Water Heater	Financing
Cable Co XFinity Available	Documents Property Disclosure, Deed, Property Disclosure, Tax Map
Electric Circuit Breaker	Tax ID 387-120-12759

† The remarks published on this webpage originate from Listed By Sarah Peluso of IPJ Real Estate 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.