85 Court Street Middlebury, Vermont 05753 MLS# 4918837

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Sold Status

$300,000 Sold Price

Multi Type

5 Beds

2 Baths

1,830 Sqft

Listed By Amey Ryan of IPJ Real Estate
Sold By Lipkin Audette Team of Coldwell Banker Hickok and Boardman
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85 Court Street

Join the real estate trend and invest in a two unit, residential property right in Middlebury! Close proximity to shopping, schools, trails (biking, hiking, walking) and so much more. Easy access on a main road makes this location ideal for its occupants to be able to get to work/school anytime of year. Formerly home to an insurance business, the property was converted to a duplex around 2011 and has been rented ever since. There is plenty of parking behind the building and a grassy lawn to the north with room for a garden. The basement is accessible from the 1st floor unit and from the exterior bulkhead. There is a large attic above the 2nd floor unit - perhaps an opportunity to expand the living space for that unit?! Both leases are due to expire at the end of July giving a new owner an opportunity to bring the rents into line with current market pricing. There is some exterior maintenance needed and some bulkhead work needed - priced accordingly. †

Property Location

85 Court Street Middlebury

Property Details

Sold Price  $300,000 Sold Date  Sep 30th, 2022
List Price  290,000 Bedrooms  5 Garage Size  0 Car
Cooperation Fee  Unknown Total Bathrooms  2 Year Built  1950
MLS#  4918837 Lot Size  0.31 Acres Taxes $5,736
Type  Multi-Family Days on Market  871 Days Tax Year 2021
Units  2 Stories  2 Road Frontage  124
Annual Income  $23,000 Style  Duplex, Colonial, Duplex, Freestanding, Multi-Family Water Frontage  
Annual Expenses  $0 Finished  1,830 Sqft Construction  No, Existing
Zoning   OFA Above Grade  1,830 Sqft Seasonal  No
Total Rooms  5 Below Grade  0 Sqft List Date  Jul 4th, 2022
Gross Income  $23,000 Operating Expenses  $0 Net Income  $17,412
Expenses Includes 
Unit 1   3 Beds, 1 Baths, 1,102 SqFt, $1,200/Monthly Unit 2   2 Beds, 1 Baths, 728 SqFt, $900/Monthly
ConstructionWood Frame
BasementInterior, Sump Pump, Unfinished, Bulkhead, Concrete, Storage Space, Interior Stairs, Full, Unfinished, Interior Access, Exterior Access
Interior Features
Exterior Features
Exterior  Clapboard, Wood Siding Disability Features  
Foundation  Concrete House Color  Yellow
Floors  Vinyl, Carpet Building Certifications  
Roof  Standing Seam, Shingle-Asphalt HERS Index  
DirectionsCourt Street/Route 7, south of Middlebury village. Directly across the street from the entrance to Middlebury Union High School and on the corner of Monroe Street
Lot Description, Trail/Near Trail, Corner, Trail/Near Trail, Porch - Covered
Garage & Parking  No, , , Visitor, Unassigned, On Site, Visitor
Road Frontage  124 Water Access  
Driveway  Gravel, Common/Shared Water Type  
Flood Zone  No Water Body  
Zoning  OFA
School District  Addison Central Middle  Middlebury Union Middle #3
Elementary  Mary Hogan School High  Middlebury Senior UHSD #3
Heat Fuel  , Oil, Gas-Lp/Bottle Excluded  
Heating/Cool  None, Baseboard, Hot Water Negotiable  
Sewer  Public Parcel Access ROW  
Water  Public ROW for Other Parcel  
Water Heater  Electric Financing  
Cable Co  Xfinity Documents  Property Disclosure, Deed
Electric  Circuit Breaker Tax ID  387-120-10132
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† The remarks published on this webpage originate from Listed By Amey Ryan 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.