34 N Pleasant Street Middlebury, Vermont 05753 MLS# 4853539

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Sold Status

$850,000 Sold Price

Multi Type

14 Beds

8 Baths

9,300 Sqft

Listed By Nancy Foster of Champlain Valley Properties
Sold By Champlain Valley Properties
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34 N Pleasant Street

This is an excellent investment opportunity! The property consists of a stately main house which contains 7 rental units and a detached second unit which has 3 units. It is fully rented. Several tenants are quite long term, The current Owners have made a significant number of improvements in recent years, and have consistently maintained the property. The most recent improvements are a new boiler for the main house and a total renovation of one unit. The location is very convenient as it is easy to walk to all that Middlebury has to offer. There is very good off-street parking. †

Property Location

34 N Pleasant Street Middlebury

Property Details

Sold Price  $850,000 Sold Date  May 14th, 2021
List Price  885,000 Bedrooms  14 Garage Size   Car
Cooperation Fee  Unknown Total Bathrooms  8 Year Built  1900
MLS#  4853539 Lot Size  0.4 Acres Taxes $10,621
Type  Multi-Family Days on Market  1330 Days Tax Year 2020
Units  10 Stories  3 Road Frontage  118
Annual Income  $106,320 Style  Apartment Building Water Frontage  
Annual Expenses  $0 Finished  9,300 Sqft Construction  No, Existing
Zoning   Office/apartment Above Grade  7,700 Sqft Seasonal  No
Total Rooms  14 Below Grade  1,600 Sqft List Date  Apr 1st, 2021
Gross Income  $106,320 Operating Expenses  $0 Net Income  $57,117
Expenses Includes 
Unit 1   1 Beds, 1 Baths, $925/Monthly Unit 2   2 Beds, 1 Baths, $900/Monthly
Unit 3   1 Beds, 1 Baths, $800/Monthly Unit 4   1 Beds, 1 Baths, $815/Monthly
Unit 5   2 Beds, 1 Baths, $865/Monthly Unit 6   2 Beds, 1 Baths, $730/Monthly
Unit 7   2 Beds, 1 Baths, $585/Monthly Unit 8   3 Beds, 1 Baths, $1,155/Monthly
ConstructionWood Frame
BasementWalkout, Apartments, Partially Finished, Full, Partially Finished, Walkout
Interior Features
Exterior Features
Exterior  Vinyl Siding Disability Features  
Foundation  Stone, Stone House Color  Gray
Floors   Building Certifications  
Roof  Standing Seam, Slate HERS Index  
DirectionsJust north of the Middlebury Congregational Church.
Lot Description, Sloping, City Lot, Sloping, Street Lights
Garage & Parking  No, , , On Street, On Site, Off Street, On Street
Road Frontage  118 Water Access  
Driveway  Dirt Water Type  
Flood Zone  No Water Body  
Zoning  Office/apartment
School District  Addison Central Middle  Middlebury Union Middle #3
Elementary  Mary Hogan School High  Middlebury Senior UHSD #3
Heat Fuel  , Oil, Electric Excluded  
Heating/Cool  None, Baseboard, Multi Zone, Hot Water Negotiable  
Sewer  Public Parcel Access ROW  
Water  Public ROW for Other Parcel  
Water Heater  Oil Financing  
Cable Co   Documents  Property Disclosure, Deed
Electric  220 Plug Tax ID  387-120-10208
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† The remarks published on this webpage originate from Listed By Nancy Foster of Champlain Valley Properties 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.