374 Mead Lane Middlebury, Vermont 05753 MLS# 4897976

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Sold Status

$365,000 Sold Price

Multi Type

5 Beds

4 Baths

2,346 Sqft

Listed By Bonnie Gridley of RE/MAX North Professionals, Middlebury
Sold By IPJ Real Estate
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374 Mead Lane

Are you looking for an investment opportunity in the Middlebury area? Maybe you’re looking for a place to be an owner occupant and use the rent to help pay your mortgage? If so, this could be the opportunity you have been looking for. Situated in the quiet neighborhood around Mead Lane, you have the advantage of Middlebury town water but the quietness of living outside of town. This 4-unit apartment building has a great rental history and is currently completely rented. Make an appointment to tour this property today to see if this is the right investment for you! †

Property Location

374 Mead Lane Middlebury

Property Details

Sold Price  $365,000 Sold Date  Mar 18th, 2022
List Price  350,000 Bedrooms  5 Garage Size   Car
Cooperation Fee  Unknown Total Bathrooms  4 Year Built  1970
MLS#  4897976 Lot Size  2.4 Acres Taxes $5,986
Type  Multi-Family Days on Market  1014 Days Tax Year 2021
Units  4 Stories  1 Road Frontage  
Annual Income  $40,800 Style  Multi-Family, Multi-Level, Raised Ranch, Split Entry Water Frontage  
Annual Expenses  $0 Finished  2,346 Sqft Construction  No, Existing
Zoning   HDR Above Grade  1,296 Sqft Seasonal  No
Total Rooms  5 Below Grade  1,050 Sqft List Date  Feb 11th, 2022
Gross Income  $40,800 Operating Expenses  $0 Net Income  $28,053
Expenses Includes 
Unit 1   1 Beds, 1 Baths, $775/Monthly Unit 2   1 Beds, 1 Baths, $850/Monthly
Unit 3   2 Beds, 1 Baths, $850/Monthly Unit 4   1 Beds, 1 Baths, $925/Monthly
ConstructionWood Frame
BasementWalkout, Apartments, Assigned Storage, Concrete, Daylight, Storage Space, Locked Storage Space, Finished, Storage Space, Walkout
Interior Features
Exterior Features
Exterior  Vinyl Siding Disability Features  
Foundation  Poured Concrete, Slab - Concrete House Color  White
Floors  Laminate, Concrete, Laminate Building Certifications  
Roof  Corrugated HERS Index  
DirectionsFrom Middlebury, take Quarry Road to Rt. 116. Go about 2 miles to the second access to Mead Lane. The property is about 1/2 a mile on the Left, sign on property.
Lot DescriptionUnknown, Trail/Near Trail, Subdivision, Country Setting, Subdivision, Trail/Near Trail, Near Bus/Shuttle
Garage & Parking  No, , , Paved, Unpaved, On Site, Off Street, Unpaved
Road Frontage   Water Access  
Driveway  Paved, Gravel Water Type  
Flood Zone  No Water Body  
Zoning  HDR
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, Individual, Hot Water Negotiable  
Sewer  1000 Gallon, Leach Field - Conventionl, On-Site Septic Exists Parcel Access ROW  
Water  Public ROW for Other Parcel  
Water Heater  Shared, Tank, Separate, On Demand, Off Boiler, Tank Financing  
Cable Co   Documents  
Electric  100 Amp, Circuit Breaker Tax ID  387-120-11050
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† The remarks published on this webpage originate from Listed By Bonnie Gridley of RE/MAX North Professionals, Middlebury 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.