Montpelier VT Multi-Family Homes

MLS Number 4868060

• Multifamily Multi-Family
• Units 9
• Bathroom 9
• Acreage 3.39
• Square Feet 9,241

Nine good units, with plenty of parking in the heart of Montpelier. This multifamily package consists of three buildings and two building lots. 52 has four one-bedroom units. Both upstairs units have access to the full attic. Landlord pays heat for 52. Additional living space or bedrooms? The downstairs units have access to the basement for storage. 56 has a 4-bedroom and two 2-bedroom units. The 2-bedroom units were completely redone by Clar Construction in the past few years, including wood floors, new kitchens, bathrooms, heat pumps, everything. Please note that the current owner has structured such that one of the 2-bedrooms in 56 works as the "super" in exchange for rent and utilities. Tenants (except the super) pay heat and electricity for 56. 68 has two 3-bedroom units, each with access to the full attic and basement. Tenants pay heat and electricity in 68. These units are easy to rent. The property is, and usually is, fully rented. Many long term tenants, including some who have been there for 20 years or more. The buildings are in differing condition. A couple units in 52 could benefit from updating, but the rest are fine/very good. Rents have not been raised in a couple years, opportunity to increase rents throughout, even more so if rooms are added. Also included are two adjacent lots. More multis? Storage? Single family? Being offered as a package. Serious inquiries only. See attachments for financial details.

Listed by Ray Mikus of Green Light Real Estate

MLS Number 4861014

• Multifamily Multi-Family
• Acreage 72
• Utilities Other

Approved for 219 units in 2007 at City Level, sunset in 2011 but could be revived. Mix of single, multifamily, and independent living. Beautiful mix of old pastures and woodlands in the heart of Montpelier. Walking trails, stone walls, and large pine stands. Very convenient to all services, yet private and secluded. Excellent opportunity for an estate property or potential development. Access to water/power/sewer at street. Taxes are estimated based on information received in the most recent Montpelier Re-Appraisal. Access to Route 302 over a separate parcel for development purposes can also be negotiated. Broker owned. No existing building. Land only.

Listed by James Fecteau and Danny Fecteau of Fecteau Real Estate

MLS Number 4861015

• Multifamily Multi-Family
• Units 24
• Acreage 8
• Utilities Other

Development rights to construct 24 units in Montpelier in a very desirable area. 12 units were built in the early 90's and 24 units remain to be built. Call for permit status. Span # for just the units are not known as this parcel doesn't show up on the city tax map as separate from a recreation easement area. Book & page are partial information for how the parcel's development rights were obtained. Other deeds may be relevant. Square footage, garage, # bedroom units, etc are not accurate but are mandatory fields.

Listed by James Fecteau of Fecteau Real Estate