MLS Number 4967341
- Units 4
- Acreage 0.4
- Square Feet 4,592
Incredible investment opportunity in charming Vergennes! This four unit apartment building has been lovingly maintained by the same owner for decades with low-maintenance profitability in mind. The building has been updated with vinyl siding and windows, a metal roof, newer natural gas heat, solar panels, carpet-free units, and a massive 5+ car garage with storage above that would make an amazing workshop! The current owner has easily leased these for decades - long term tenants that have all been moved into month-to-month leases so a new buyer has options (though they all want to stay). The income on this property speaks for itself - with a pair of 2 br units, one 1 br plus den, and a 3 br/2ba, this property would bring $60k+ per year to an investor's portfolio. Or live in one of the units and have your money working for you! There is ample off-street parking, and a cute yard with a small playground and garden area. Located just 2 short blocks behind the main business district of Vermont's Smallest (and arguably most charming) City, easy walking distance to the shops and restaurants. 30 minutes to Burlington and less than 20 minutes to Middlebury. What an opportunity!
Listed by Sandy Palmer of Vermont Real Estate Company