Montpelier VT Multi-Family Homes

MLS Number 4755808

• Multifamily Multi-Family
• Units 8
• Acreage 0.16
• Square Feet 4,624

Yes, you're reading that right, 8 units in Montpelier all under one (new 2018) roof! Right on the North Branch River (but not in the flood zone) and a stone's throw from town, this location means one thing, EASY to rent. But don't take my word for it, look at the facts. This 8-unit cash cow has a history of nearly 0% vacancy over the last fifteen years and annual rentals totaling over $85,000. If you've been looking for a good investment opportunity, here it is! It doesn't get much better than this. So you can keep track, there are two 2-bedroom units, three 1-bedroom units, two studios and an efficiency. Recent comparable sales: 156 Elm Street (4 Unit; Sold at 6.09% Cap Rate). 59 College Street (3 Unit; Sold at 5.6% Cap Rate). Many units due for a rent increase, which would easily push the Cap Rate above 7%. Factor in appreciation and reduction in principal overtime and you'll enjoy a substantial and stable return. Can be purchased as part of a portfolio with 108 East State Street MLS#: 4755809/4755857. List Agent is related to sellers.

Listed by Hannah Dawson of Green Light Real Estate

MLS Number 4755857

• Multifamily Multi-Family
• Units 4
• Acreage 0.25
• Square Feet 4,250

Originally a historic carriage house, this 4-unit property is ALL modern on the inside. Completely renovated in 2012 there's nothing that's not new. New electric, new plumbing (even a sprinkler system), new water heater, new individual Rinnai heaters, new appliances…new new new! With high end finishes comes high end rentals. This is an investors dream. Manage this property yourself with ease for maximum income, or even pick a unit to live in and rent out the rest. The back decks look out onto roughly 8 acres of undeveloped woods and the front looks out onto the College Green. There's no sweeter spot. But don't take my word for it, come and see for yourself! List Agent is related to sellers.

Listed by Hannah Dawson of Green Light Real Estate

MLS Number 4737544

• Multifamily Multi-Family
• Units 10
• Bathroom 10
• Acreage 1.25
• Square Feet 7,548

An amazing opportunity! Beautifully maintained fully furnished 10-unit apartment building a stone's throw from the center of down town Montpelier. Excellent rental history and exceptional maintenance practices. In the last ten years of ownership, exterior and all interiors have been painted, a new boiler installed, slate roof regularly monitored and addressed if needed, fiberglass insulation added through entire attic and all hardwood floors refinished. There are seven single bedroom apartments and three two-bedroom apartments. Seven of the ten units are fully furnished including all kitchen accessories. Unbeatable in location, a one-minute walk puts you in the heart of town surrounded by every convenience. Tenants enjoy a private off-street paved parking lot. There is six-bay detached garage that can be used for storage or utilized for additional income. Rarely does an investment as perfect and incredible as this come on the market in the middle of the capital city - don't miss it! *The data sheet does not offer room to describe units 9 and 10. Both are on the third floor and offer two bedrooms and one full bath. One is furnished and one not. Utilities are included in the furnished apartment. Both rent for $1400/month.

Listed by Jenny Flower of New England Landmark Realty LTD

MLS Number 4431185

• Multifamily Multi-Family
• Acreage 72

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 of Fecteau Real Estate