45 Court Street Middlebury, Vermont 05753 MLS# 4999633

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For Sale Status

$697,000 List Price

Multi Type

5 Beds

3 Baths

3,120 Sqft

Listed By Deborah Fortier of KW Vermont
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Jennifer Clark

Customer Satisfaction Rating

(802)846-9555

Nicole Broderick

Customer Satisfaction Rating

(802)846-9581

Stacey Lax

Customer Satisfaction Rating

(802)846-9573

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NMLS# 402933

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45 Court Street
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Collect $5840 per month from fully leased apartments ! Historic Victorian Multifamily Home in Downtown Middlebury, VT Discover a piece of history with this charming Victorian multifamily home, built in 1840, located in the heart of downtown Middlebury. This well-maintained property features three distinct units: a 1-bedroom and a 2-bedroom on the ground level, and a spacious 2-bedroom with large bonus rooms on the upper floors. All apartments are fully leased with quality tenants generating $5840 income per month. All tenants have an on time payment history. Property Highlights Investment Opportunity: This property offers a solid return on investment in a high-demand rental market. Recent Upgrades: Enjoy modern living with renovated lower-level apartments with open concept designs, blending contemporary comfort with historic charm. Prime Location: Situated within walking distance to local shops, restaurants, and cultural attractions, making it highly desirable for tenants. Well-Maintained: The property has been carefully maintained to preserve its historic character while incorporating modern amenities. This is a rare opportunity to own a historic gem in Middlebury, offering both stability and growth potential. Don't miss out on this exceptional investment in a vibrant community. For more information or to schedule a viewing, contact us today! †

Property Location

45 Court Street Middlebury

Property Details

List Price  697,000 Bedrooms  5 Garage Size   Car
Cooperation Fee  Unknown Total Bathrooms  3 Year Built  1840
MLS#  4999633 Lot Size  0.2 Acres Taxes $7,039
Type  Multi-Family Days on Market  165 Days Tax Year 2024
Units  3 Stories  1/2/1900 Road Frontage  82
Annual Income  $64,680 Style   Water Frontage  
Annual Expenses  $0 Finished  3,120 Sqft Construction  No, Existing
Zoning   GC-General Comm Above Grade  3,120 Sqft Seasonal  No
Total Rooms  5 Below Grade  0 Sqft List Date  Jun 9th, 2024
Gross Income  $64,680 Operating Expenses  $0 Net Income  $44,586
Expenses Includes 
Unit 1   2 Beds, 1 Baths, 759 SqFt, $1,950/Monthly Unit 2   1 Beds, 1 Baths, 741 SqFt, $1,490/Monthly
Unit 3   2 Beds, 1 Baths, 1,595 SqFt, $2,400/Monthly
Construction
BasementInterior, Sump Pump, Unfinished, No Tenant Access, Interior Stairs, Dirt, Unfinished, Interior Access
Interior Features
Exterior Features
Exterior   Disability Features  
Foundation  Stone House Color  Blue
Floors  Vinyl, Carpet, Softwood, Laminate, Vinyl Building Certifications  
Roof  Slate, Shingle-Asphalt HERS Index  
DirectionsOn the East side of US Rt7 (Court St) just north of the Sunoco station.
Lot DescriptionYes, Near Bus/Shuttle, Commercial Zoning, Business District
Garage & Parking  No, Paved, On Site, 5 Parking Spaces, Paved
Road Frontage  82 Water Access  
Driveway  Gravel Water Type  
Flood Zone  No Water Body  
Zoning  GC-General Comm
School District  Addison Central Middle  Middlebury Union Middle #3
Elementary  Middlebury ID #4 School High  Middlebury Senior UHSD #3
Heat Fuel  , Gas-Natural Excluded  Window air conditioners owner by tenants
Heating/Cool  Mini Split, Baseboard, Multi Zone, Floor Furnace, Hot Water, Heat Pump Negotiable  
Sewer  Public Parcel Access ROW  Yes
Water   ROW for Other Parcel  Yes
Water Heater   Financing  
Cable Co  Comcast(xfinity) Documents  Property Disclosure, Deed, Other, Lease Agreements, Plat/Grid Map, Property Disclosure, Tax Map
Electric  100 Amp Tax ID  387-120-10420
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† The remarks published on this webpage originate from Listed By Deborah Fortier of KW Vermont 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.