41 EXCHANGE STREET Middlebury, VT 05753 | Multi-Family
$425,000 ![]()
Listing Courtesy of
IPJ Real Estate
Description
Excellent opportunity to invest in a well-maintained and updated apartment house in a college town. Many improvements over the years include: new kitchens, new appliances, some new flooring, some refinished flooring, replaced siding & trim/roof, rebuilt all porches. Added spray foam insulation in many areas, some spaces gutted to studs and updated. Converted to natural gas heating (rented burner), repointed chimney from the roofline and added chimney cap, paved the driveway, enclosed a mudroom for 1st floor apartment, graded the lawn, added a partial fence for privacy, added drainage around the house. The two car detached garage has been spray foam insulted, new roof, propane heat and two newer garage doors (one with automatic opener) and three sides have been replaced with fiberboard siding. House was pre-inspected and several plumbing and electrical issues have been or will be corrected. State of Vermont Fire Safety Inspection scheduled for 1/13, EMP compliant. Owner is listing broker. Showings BEGIN on THURSDAY, JANUARY 6th. Seller would prefer to rent back the garage until end of summer 2022.
