84 Benedict Lane Middlebury, Vermont 05753 MLS# 4875516

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Sold Status

$2,000,000 Sold Price

Multi Type

0 Beds

0 Baths

8,832 Sqft

Listed By Kara Koptiuch of Vermont Real Estate Company
Sold By The Real Estate Company of Vermont, LLC
✉ 🖶

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84 Benedict Lane

Unique 13 unit apartment complex located at Chipman Park in the center of Middlebury. Three separate buildings consisting of a mix of 1, 2 & 3 bedroom apartments. This turn-key opportunity for the smart investor yields an attractive cap rate, low maintenance buildings and excellent occupancy history. Owned and impeccably maintained by the current owner for over 40 years. This is a rare opportunity to purchase this complex that is located just off the Middlebury College campus and blocks to the center of Town. Solid CAP rate and never any vacancy. †

Property Location

84 Benedict Lane Middlebury

Property Details

Sold Price  $2,000,000 Sold Date  Dec 1st, 2021
List Price  2,300,000 Bedrooms  0 Garage Size   Car
Cooperation Fee  Unknown Total Bathrooms  0 Year Built  1964
MLS#  4875516 Lot Size  0.96 Acres Taxes $19,295
Type  Multi-Family Days on Market  1207 Days Tax Year 2021
Units  13 Stories  2 Road Frontage  
Annual Income  $208,620 Style  Multi-Family Water Frontage  
Annual Expenses  $0 Finished  8,832 Sqft Construction  No, Existing
Zoning   Res Above Grade  8,832 Sqft Seasonal  No
Total Rooms  0 Below Grade  0 Sqft List Date  Aug 2nd, 2021
Gross Income  $208,620 Operating Expenses  $0 Net Income  $176,704
Expenses Includes 
ConstructionWood Frame
BasementInterior, Storage Space
Interior Features
Exterior Features
Exterior  Vinyl Siding Disability Features  
Foundation  Concrete House Color  
Floors  Vinyl, Tile, Hardwood Building Certifications  
Roof  Shingle HERS Index  
DirectionsMain Street to South Street, right on Chipman Park, right on Benedict Lane.
Lot Description, City Lot
Garage & Parking  No, ,
Road Frontage   Water Access  
Driveway  Paved, Dirt Water Type  
Flood Zone  Unknown Water Body  
Zoning  Res
School District  NA Middle  
Elementary   High  
Heat Fuel  , Electric Excluded  
Heating/Cool  None, Electric Negotiable  
Sewer  Public Parcel Access ROW  
Water  Public ROW for Other Parcel  
Water Heater  Electric, Owned Financing  
Cable Co   Documents  Deed
Electric  Circuit Breaker Tax ID  387-120-11314
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† The remarks published on this webpage originate from Listed By Kara Koptiuch of Vermont Real Estate Company 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.