Montpelier VT Multi-Family Homes

MLS Number 4891323

• Multifamily
• Units 1
• Square Feet 4,137
• Acreage 0.31

This property represents a great investment opportunity right in the heart of Montpelier! Within walking distance of all city amenities, this building is ADA accessible and completely renovated to preserve its historic character. A total rehab of the building was completed when the current owners purchased the property, which took over a year to finish and includes considerable investment into making the barn a fully furnished space with radiant heat flooring. This 4,200 square foot building is fully insulated. With thirteen parking spaces and commercial zoning, it is an ideal place for a dentist office, law firm, or company office space. All aspects of the building were renovated and brought up to code, including electrical upgrades and wiring the building for four units, plumbing for four units, hydronic heating systems, new roof, reinforced and insulated foundation and basement, new boiler, updated fire alarm and sprinkler system, new water line, new insulation, interior ramp for ADA compliance (fully removable), saving the dilapidated barn, and installing leveled plywood through most of the main house first floor by carefully screwing down to the existing original pine floor system to allow future owners the opportunity to have access to the original pine floors. For the highest value, this property could be turned into a four unit multi-family. Properties don't go on the market in this location and of this value very often, so don't miss this rare opportunity.

Listed by Krista Harness of Green Light Real Estate

MLS Number 4868060

• Multifamily
• Units 9
• Bathroom 9
• Square Feet 9,241
• Acreage 3.39

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 4861015

• Multifamily
• 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