03 Cedar Street Montpelier, Vermont 05602 MLS# 4844293

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Sold Status

$1,200,000 Sold Price

Multi Type

12 Beds

6 Baths

7,919 Sqft

Listed By Craig Santenello of Vermont Life Realtors
Sold By Lipkin Audette Team of Coldwell Banker Hickok and Boardman

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This offering represents a rare opportunity to own a newly built apartment building in the heart of Montpelier. Constructed in 2015, all six of the 2 bedroom units are complete with the amenities that renters cant resist: central A/C, in-unit laundry, covered off street parking, private deck, sound dampening walls, natural light, western exposure, energy efficiency, storage space and views. As an investor, every dollar spent needs to justify itself. The new construction and location of this 5 year old building is positioned to garner higher rental rates, better tenants, and stronger loyalty while at the same time providing the security of static maintenance costs for years to come. †

Property Location

03 Cedar Street Montpelier

Property Details

Essentials

Sold Price $1,200,000		Sold Date Apr 16th, 2021
List Price 1,199,000	Bedrooms 12	Garage Size 5 Car
Cooperation Fee Unknown	Total Bathrooms 6	Year Built 2015
MLS# 4844293	Lot Size 0.21 Acres	Taxes $24,894
Type Multi-Family	Days on Market 1405 Days	Tax Year 2021
Units 6	Stories 3	Road Frontage 68
Annual Income $0	Style Apartment Building	Water Frontage
Annual Expenses $0	Finished 7,919 Sqft	Construction No, Existing
Zoning HDR	Above Grade 7,620 Sqft	Seasonal No
Total Rooms 12	Below Grade 299 Sqft	List Date Jan 16th, 2021

Expenses

Gross Income $0	Operating Expenses $0	Net Income $0

Expenses Includes

Unit Size & Rent

Unit 1 2 Beds, 1 Baths, 1,250 SqFt, $1,600/Monthly	Unit 2 2 Beds, 1 Baths, 1,250 SqFt, $1,625/Monthly
Unit 3 2 Beds, 1 Baths, 1,250 SqFt, $1,750/Monthly	Unit 4 2 Beds, 1 Baths, 1,250 SqFt, $1,750/Monthly
Unit 5 2 Beds, 1 Baths, 1,250 SqFt, $1,750/Monthly	Unit 6 2 Beds, 1 Baths, 1,250 SqFt, $1,750/Monthly

Building

ConstructionWood Frame, Steel Frame
BasementWalkout, Concrete
Interior Features
Exterior Features

Exterior Vinyl	Disability Features
Foundation Poured Concrete	House Color
Floors Tile	Building Certifications
Roof Membrane	HERS Index

Property

Directions
Lot Description, City Lot
Garage & Parking Yes, , , Garage, Off Street, Assigned, 6+ Parking Spaces, Covered

Road Frontage 68	Water Access
Driveway Paved	Water Type
Flood Zone No	Water Body
Zoning HDR

Schools

School District Montpelier School District	Middle Main Street Middle School
Elementary Union Elementary School	High Montpelier High School

Utilities

Heat Fuel , Electric	Excluded
Heating/Cool Mini Split, Electric, Mini Split	Negotiable
Sewer Public	Parcel Access ROW
Water Public	ROW for Other Parcel
Water Heater Electric, Tank, Separate	Financing
Cable Co	Documents Building Plans, Certificate CC/CO, Deed, Lease Agreements, Survey, Property Disclosure, Property Disclosure, State Wastewater Permit, Survey, Town Permit
Electric Circuit Breaker	Tax ID 405-126-10934

† The remarks published on this webpage originate from Listed By Craig Santenello of Vermont Life Realtors 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.