Sold Status
$160,000 Sold Price
Multi Type
7 Beds
3 Baths
4,158 Sqft
Sold By IPJ Real Estate
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Addison County
Selling for $100,000 below town assessment, this classic building contains three very spacious apartments. Numerous updates include rewiring and bringing the building up to Vermont's stringent fire code, new trim and paint, new windows, newer siding, and some new appliances and bathroom fixtures. Separate meters for each apartment; tenants in apartment 3 pay for their own heat. Property includes a barn and two single car garages, not to mention three acres of park-like grounds and close proximity to the Shoreham Inn, Platt Library, school, and more. Bonus: Town water and sewer. Vermont's rental market is strong, and it would not be hard to be cashflow positive from Day One with this investment. Note showings temporarily halted; we will resume May 15. †
Property Location
Property Details
Sold Price $160,000 | Sold Date Sep 30th, 2020 | |
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List Price 189,900 | Bedrooms 7 | Garage Size 3 Car |
Cooperation Fee Unknown | Total Bathrooms 3 | Year Built 1847 |
MLS# 4443528 | Lot Size 3 Acres | Taxes $7,836 |
Type Multi-Family | Days on Market 3394 Days | Tax Year 2018 |
Units 3 | Stories 2 | Road Frontage 70 |
Annual Income $22,200 | Style Converted, Historic District | Water Frontage |
Annual Expenses $15,313 | Finished 4,158 Sqft | Construction No, Existing |
Zoning VR | Above Grade 4,158 Sqft | Seasonal No |
Total Rooms 7 | Below Grade 0 Sqft | List Date Aug 7th, 2015 |