467 VT Route 12 Northfield, Vermont 05664 MLS# 4868703

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Sold Status

$312,500 Sold Price

Multi Type

11 Beds

8 Baths

6,198 Sqft

Listed By Brian Armstrong of KW Vermont
Sold By KW Vermont

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A license to print MONEY? Here it is! A 7 unit multi-family property with excellent rental history, this gorgeous Victorian has been well maintained by the same family owners for 56 years. Next door to the local landmark, Rustic Restaurant and Bar, (Please see MLS # 4868731), the owner’s intent is to sell both properties together. The listed price is for both properties conveying as a package. Priced to sell, this is an outstanding opportunity to pick up TWO operating; income-producing properties with great exposure right on busy Route 12 just two miles from Norwich University, 10 miles from the state capital and 15 miles to the only known floating bridge in North American. Deals like this do not come around often. Profit in the pocket! †

Property Location

467 VT Route 12 Northfield

Property Details

Essentials

Sold Price $312,500		Sold Date Apr 4th, 2022
List Price 638,000	Bedrooms 11	Garage Size Car
Cooperation Fee Unknown	Total Bathrooms 8	Year Built 1882
MLS# 4868703	Lot Size 2 Acres	Taxes $8,256
Type Multi-Family	Days on Market 1247 Days	Tax Year 2019
Units 7	Stories 3	Road Frontage 330
Annual Income $42,296	Style Victorian	Water Frontage
Annual Expenses $0	Finished 6,198 Sqft	Construction No, Existing
Zoning Mixed - Use	Above Grade 6,198 Sqft	Seasonal No
Total Rooms 11	Below Grade 0 Sqft	List Date Jun 23rd, 2021

Expenses

Gross Income $42,296	Operating Expenses $0	Net Income $19,964

Expenses Includes

Unit Size & Rent

Unit 1 2 Beds, 1 Baths, $500/Monthly	Unit 2 2 Beds, 1 Baths, $500/Monthly
Unit 3 1 Beds, 1 Baths, $475/Monthly	Unit 4 3 Beds, 2 Baths, $400/Monthly
Unit 5 1 Beds, 1 Baths, $525/Monthly	Unit 6 1 Beds, 1 Baths, $500/Monthly
Unit 7 1 Beds, 1 Baths, $500/Monthly

Building

ConstructionWood Frame
BasementInterior, Other
Interior Features
Exterior Features

Exterior Clapboard	Disability Features
Foundation Stone	House Color Tan
Floors Vinyl, Carpet, Hardwood	Building Certifications
Roof Membrane	HERS Index

Property

DirectionsFrom exit 5 I89 take VT-64w for 2.7 miles. Take right onto VT 12N for 3.7 miles. The property will be on the left. From Montpelier take VT 12S for 8.1 miles. The property will be on the right.
Lot Description, Level, Rural Setting
Garage & Parking No, , , 6+ Parking Spaces

Road Frontage 330	Water Access
Driveway Gravel	Water Type
Flood Zone Unknown	Water Body
Zoning Mixed - Use

Schools

School District NA	Middle Northfield Middle High School
Elementary Northfield Elementary School	High Northfield High School

Utilities

Heat Fuel , Gas-Lp/Bottle	Excluded
Heating/Cool None, Hot Water	Negotiable
Sewer Septic, Septic	Parcel Access ROW
Water Public	ROW for Other Parcel
Water Heater Gas-Lp/Bottle	Financing
Cable Co	Documents
Electric 60 Amp	Tax ID 441-139-11650

† The remarks published on this webpage originate from Listed By Brian Armstrong of KW Vermont 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.