156 Elm Street Montpelier, Vermont 05602 MLS# 4701635

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Sold Status

$362,000 Sold Price

Multi Type

6 Beds

4 Baths

3,750 Sqft

Listed By Timothy Heney of
Sold By Heney Realtors - Element Real Estate (Montpelier)

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With four units including two, 1-bedroom apartments, one 3-bedroom apartment, and an office unit this 3,750+/- square foot building was originally constructed around 1910 as a duplex and then converted to four units later. Each unit has a covered porch and each has its own oil hot air furnace. Hot water is provided by three propane hot water heaters. Unit 2 (the owner's office space) and Unit 1 shared one hot water heater because the office use was so minimal. These can be separated if one prefers. The lot is level. A gravel driveway to the rear portion of the land provides access to parking and the garages. The barn has two garage bays plus a free standing one-car garage is on site. Centrally located and zoned mixed use residential, this solid investment opportunity will not be available long. †

Property Location

156 Elm Street Montpelier

Property Details

Essentials

Sold Price $362,000		Sold Date Aug 24th, 2018
List Price 362,000	Bedrooms 6	Garage Size 3 Car
Cooperation Fee Unknown	Total Bathrooms 4	Year Built 1900
MLS# 4701635	Lot Size 0.24 Acres	Taxes $8,086
Type Multi-Family	Days on Market 2346 Days	Tax Year 2018
Units 4	Stories 1/2/1900	Road Frontage
Annual Income $39,960	Style Multi-Family	Water Frontage
Annual Expenses $0	Finished 3,750 Sqft	Construction No, Existing
Zoning MixedUseRes/Design Review	Above Grade 3,750 Sqft	Seasonal No
Total Rooms 6	Below Grade 0 Sqft	List Date Jun 20th, 2018

Expenses

Gross Income $39,960	Operating Expenses $0	Net Income $25,398

Expenses Includes

Unit Size & Rent

Unit 1 1 Beds, 1 Baths, $880/Monthly	Unit 2 1 Beds, 1 Baths, $600/Monthly
Unit 3 1 Beds, 1 Baths, $850/Monthly	Unit 4 3 Beds, 1 Baths, $1,000/Monthly

Building

ConstructionWood Frame
BasementInterior, Apartments, Unfinished, Unfinished
Interior Features
Exterior Features

Exterior Clapboard, Wood Siding	Disability Features
Foundation Stone	House Color Tan
Floors Vinyl, Carpet	Building Certifications
Roof Shingle-Asphalt, Membrane	HERS Index

Property

DirectionsFrom State Street turn onto Elm Street. Property on left just before the Spring Street intersection.
Lot Description, Level, City Lot, Sidewalks, Street Lights
Garage & Parking Yes, Storage Above, , Unpaved, Garage, 5 Parking Spaces, Unpaved

Road Frontage	Water Access
Driveway Gravel, Common/Shared	Water Type
Flood Zone Yes	Water Body
Zoning MixedUseRes/Design Review

Schools

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

Utilities

Heat Fuel , Oil, Gas-Lp/Bottle	Excluded
Heating/Cool None, Space Heater, Gas Heater, Space Heater	Negotiable
Sewer Public, Metered	Parcel Access ROW
Water Public, Metered	ROW for Other Parcel
Water Heater Gas-Lp/Bottle	Financing
Cable Co	Documents
Electric 100 Amp, Circuit Breaker, 60 Amp	Tax ID 405-126-10568

† The remarks published on this webpage originate from Listed By Timothy Heney of 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.