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Large, sunny 5 (or 6) apartment unit building just outside of downtown on East State St. Great location near everything but just far enough from the center of town to provide a nice, quiet residential environment. Front has large, arch-top windows, beautiful Italianate detailing, and nice portico entries. Zoned CB2 so potential for commercial as well as residential rental. Great rental history and #'s. 4 separate entrances (3 of the 5 units have private entrances), parking for 8 vehicles with back stairs/entry off parking area, 3 story back porch with views over town, light/sunny living spaces and lots of space in general. 2 storage rooms in back and ample storage space in apartments. Newer High efficient propane boiler, modern zoned baseboard hot water heat, and lots of passive solar make this building surprisingly energy efficient. Listing agent is part owner of building. †
Property Location
36-42 East State Street Montpelier
Property Details
Sold Price $350,000
Sold Date Aug 29th, 2013
List Price 375,000
Bedrooms 11
Garage Size 0 Car
Cooperation Fee Unknown
Total Bathrooms 6
Year Built 1890
MLS# 4255560
Lot Size 0.13 Acres
Taxes $9,120
Type Multi-Family
Days on Market 4144 Days
Tax Year 2013
Units 5
Stories 3
Road Frontage 50
Annual Income $62,400
Style , Historic District
Water Frontage
Annual Expenses $0
Finished 5,730 Sqft
Construction No, Existing
Zoning CB 2
Above Grade 4,980 Sqft
Seasonal No
Total Rooms 11
Below Grade 750 Sqft
List Date Jul 18th, 2013
Gross Income $62,400
Operating Expenses $0
Net Income $0
Expenses Includes
Unit 1 2 Beds, 1 Baths, 800 SqFt, $850/Monthly
Unit 2 3 Beds, 1 Baths, 1,100 SqFt, $1,400/Monthly
Unit 3 1 Beds, 1 Baths, 550 SqFt, $650/Monthly
Unit 4 2 Beds, 1 Baths, 650 SqFt, $900/Monthly
Unit 5 3 Beds, 2 Baths, 1,200 SqFt, $1,400/Monthly
ConstructionWood Frame
Basement, Unfinished, Full, Finished
Interior Features
Exterior Features
Exterior Wood, Clapboard
Disability Features Access. Parking, 1st Floor Bedroom, 1st Floor Full Bathrm, Kitchen w/5ft Diameter, Access. Mailboxes No Step
DirectionsFrom the corner of State St. & Main St. go up East State St. toward Vermont College of Fine Arts. It's on the left about 100 yards from the main intersection in town.
Lot Description, View, Mountain View, Level, City Lot, Near Bus/Shuttle
Garage & Parking No, , , On Site, 5-10 Spaces
Road Frontage 50
Water Access
Driveway Gravel
Water Type
Flood Zone No
Water Body
Zoning CB 2
School District Montpelier School District
Middle Main Street Middle School
Elementary Union Elementary School
High Montpelier High School
Heat Fuel Heat Included, Gas-Lp/Bottle
Excluded
Heating/Cool , Baseboard, Passive Solar, Hot Water
Negotiable
Sewer Public
Parcel Access ROW
Water Public, Metered
ROW for Other Parcel
Water Heater Off Boiler, Gas-Lp/Bottle
Financing
Cable Co
Documents
Electric Circuit Breaker
Tax ID 40512612146
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† The remarks published on this webpage originate from Listed By Soren Pfeffer of Central Vermont 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.