85 COURT STREET Middlebury, VT 05753 | Multi-Family
$300,000 ![]()
Listing Courtesy of
IPJ Real Estate
Description
Join the real estate trend and invest in a two unit, residential property right in Middlebury! Close proximity to shopping, schools, trails (biking, hiking, walking) and so much more. Easy access on a main road makes this location ideal for its occupants to be able to get to work/school anytime of year. Formerly home to an insurance business, the property was converted to a duplex around 2011 and has been rented ever since. There is plenty of parking behind the building and a grassy lawn to the north with room for a garden. The basement is accessible from the 1st floor unit and from the exterior bulkhead. There is a large attic above the 2nd floor unit - perhaps an opportunity to expand the living space for that unit?! Both leases are due to expire at the end of July giving a new owner an opportunity to bring the rents into line with current market pricing. There is some exterior maintenance needed and some bulkhead work needed - priced accordingly.
