184 Elm Street, Montpelier, VT 05602
9
7|Townhouse
INR ₹120,994,328
USD $1,450,000
Published on: 16 Apr 2024
Last updated on: 13 Jun 2024
Property ID: 110091365506
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Multi-Family - Montpelier, VT
184 Elm Street, Montpelier, VT 05602
Turn key, stabilized, fully leased, renovated and well-maintained six unit apartment building for sale in downtown Montpelier. Three 2-bedroom units, and three 1-bedroom units, all with laundry and hardwood floors. Units have been renovated with granite countertops, stainless appliances, renovated bathrooms, floors, paint, and much more. Units 1 and 2 share the front porch, and have a shared laundry. Units 3 and 4 enter from the side, and units 5 and 6 are newly built in a converted carriage barn. Strong rental history. Tenants pay their own utilities. Units 1-4 heat with an oil furnace and Units 5-6 have heat pumps and mini-splits. NOI $87,000 makes this a solid 6% cap rate for a high quality building. Assigned off street parking for each unit. Nice backyard as well, for tenants to enjoy. Barn is part of this property as well, and has areas clearly marked off for tenants to use as storage. **Please note that the structure did NOT flood in July 2023. Land is in the 1% flood hazard zone, but LOMA is in place attesting that the building is outside of the flood zone.** Incredibly convenient to downtown Montpelier’s restaurants and shopping. 48 hours notice for showings please, no exceptions.
Property Details
Basic Info
Indoor Feature
Outdoor Feature
Basic Info
Property Type
Townhouse
Listing Status
Active
Land Size
12,196.81 sq ft
Building Size
5,084.00 sq ft
Year Built
1850
Rooms
9 bedroom(s), 7 bathroom(s), 1 basement(s)
Architecture Style
Other
Building Unit Count
6
Num Floors
2
County
Washington
Provider
Green Light Real Estate
Brokerage Office Name
Green Light Real Estate
Brokerage Office Phone
(802) 225-6425
Address
184 Elm Street, Montpelier, VT 05602
Floorplans and tours
3D Tour
Nearby Schools
| Type | School name | District name |
|---|---|---|
| Elementary | Union Elementary School | Montpelier School District |
| High | Montpelier High School | Montpelier School District |
| Juniorhigh | Main Street Middle School | Montpelier School District |
| Middle | Main Street Middle School | Montpelier School District |
Tax History
| Year | Tax amount | |
|---|---|---|
| 2023 | USD $15466.2 | INR ₹1,290,567* |
*Converted price in your currency provided by Open Exchange Rates. Exchange rates are subject to continuous change. Neither makaan.com nor its affiliates guarantee that the conversion reflects current conversion rates and are not responsible for any inaccuracies. makaan.com recommends that you independently verify any information before relying on it.
Contact Agent
Ray Mikus
Contact Agent
Contact Agent
Email enquiry to Green Light Real Estate
Ray Mikus
63 Barre Street., Montpelier, VT 05602
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Property ID: 110091365506
Data provided by Green Light Real Estate, MLS #: 4991351
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