84 BENEDICT LANE Middlebury, VT 05753 | Multi-Family
$2,000,000 ![]()
Closed
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13248 sqft.
Listing Courtesy of
Vermont Real Estate Company
Description
Unique 13 unit apartment complex located at Chipman Park in the center of Middlebury. Three separate buildings consisting of a mix of 1, 2 & 3 bedroom apartments. This turn-key opportunity for the smart investor yields an attractive cap rate, low maintenance buildings and excellent occupancy history. Owned and impeccably maintained by the current owner for over 40 years. This is a rare opportunity to purchase this complex that is located just off the Middlebury College campus and blocks to the center of Town. Solid CAP rate and never any vacancy.
Property Details
List Price
$2,300,000
Sold Price
$2,000,000
List Date
2021-08-02
Sold Date
2021-12-01
MLS ID
4875516
Status
Closed
Property Type
Multi-Family
County
VT-Addison
Days on Market
74
structure
AG Finished Area
8832.0
basement
Yes
cooling
None
flooring
Hardwood, Tile, Vinyl
foundation details
Concrete
garage y n
No
heating
Electric
living area
13248.0
living area units
Square Feet
new construction
Existing
Parking Features
Dirt, Paved
roof
Shingle
stories
2
year built
1964
characteristics
Acres
0
lot size area
0.96
Lot SqFt
41818.0
lot size units
Acres
# of Units
13
road frontage type
Public
road surface type
Public
hoa
HOA Amenities
Trash Removal
tax
tax annual amount
19295.28
tax year
2021
zoning
Res
financial
gross income
208620.0
net operating income
176704.0
operating expense
31915.0
contract
foreclosure y n
No
compensation
Buyer Agency Comp.
2.5
Buyer Agency Comp. Type
%
Non-Rep Comp.
2.5
Compensation Disclaimer
The listing broker's offer of compensation is made only to other real estate licensees who are participant members of the PRIMEMLS.
This listing was last updated on 3/18/2024 7:00:52 AM (UTC)
