73 South Main Street Waterbury, Vermont 05676 MLS# 4716123

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Sold Status

$2,750,000 Sold Price

Multi Type

21 Beds

8 Baths

16,578 Sqft

This property is currently listed for sale: View Listing
Listed By Lipkin Audette Team of Coldwell Banker Hickok & Boardman - (802) 846-8800
Sold By Coldwell Banker Carlson Real Estate
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Washington County

73 South Main Street

Located in the heart of downtown Waterbury, this 20 unit apartment complex consists of 3 recently rebuilt apartment buildings. This pristine property offers a mix of 1, 2 and 3 bedroom apartments and is the perfect addition to your portfolio. Your tenants will enjoy an easy walk to all the brew pubs, restaurants and activities Waterbury has to offer, plus the Apartments provide on-site laundry, covered porches, ample parking and the ease of living in a up to date modern building. Waterbury is centrally located with easy access to I-89, and less than 30 minutes to Burlington, Montpelier and world class skiing at Stowe. Strong financials and a positive upside on the rents all in a convenient downtown location make this a solid investment!

Property Location

73 South Main Street Waterbury

Property Details

Sold Price  $2,750,000 Sold Date  Jan 27th, 2020
List Price  2,999,000 Bedrooms  21 Garage Size   Car
Cooperation Fee  Unknown Total Bathrooms  8 Year Built  2004
MLS#  4716123 Lot Size  0.86 Acres Taxes $41,597
Type  Multi-Family Days on Market  2274 Days Tax Year 2019
Units  20 Stories  2 Road Frontage  
Annual Income  $296,040 Style  Apartment Building, Multi-Family Water Frontage  
Annual Expenses  $0 Finished  16,578 Sqft Construction  No, Existing
Zoning   Mixed Use Above Grade  16,578 Sqft Seasonal  No
Total Rooms  21 Below Grade  0 Sqft List Date  Aug 31st, 2018
Gross Income  $296,040 Operating Expenses  $0 Net Income  $200,683
Expenses Includes 
Unit 1   3 Beds, 1 Baths, $1,545/Monthly Unit 2   3 Beds, 1 Baths, $1,600/Monthly
Unit 3   3 Beds, 1 Baths, $1,600/Monthly Unit 4   3 Beds, 1 Baths, $1,600/Monthly
Unit 5   2 Beds, 1 Baths, $1,345/Monthly Unit 6   3 Beds, 1 Baths, $1,470/Monthly
Unit 7   3 Beds, 1 Baths, $1,425/Monthly Unit 8   1 Beds, 1 Baths, $900/Monthly
ConstructionWood Frame
BasementInterior, Unfinished
Interior Features
Exterior Features
Exterior  Brick Veneer, Vinyl Siding Disability Features  
Foundation  Concrete, Slab - Concrete House Color  Yellow
Floors   Building Certifications  
Roof  Metal HERS Index  
DirectionsFrom Exit 10 on I-89, drive south to Waterbury on Route 2 East. 73 South Main is on the right across from the Village Market and Kinney Drugs.
Lot Description, Agricultural Prop, City Lot
Garage & Parking  No, , , Off Street
Road Frontage   Water Access  
Driveway  Paved Water Type  
Flood Zone  Yes Water Body  
Zoning  Mixed Use
School District  NA Middle  
Elementary   High  
Heat Fuel  , Gas-Lp/Bottle Excluded  
Heating/Cool  None, Baseboard, Hot Water Negotiable  
Sewer  Public Parcel Access ROW  
Water  Public ROW for Other Parcel  
Water Heater  Tank Financing  
Cable Co   Documents  
Electric  Circuit Breaker Tax ID  696-221-11632
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