279 RIVER STREET Montpelier, VT 05602 | Multi-Family
$269,000 ![]()
Listing Courtesy of
Green Light Real Estate
Description
Solid Montpelier three-unit on the market! Consists of three floors of apartments. The first floor is a nicely updated two bedroom unit. Second floor is also nicely updated, and also two bedrooms. The third floor is a one bedroom unit with a long term tenant. It's a good unit, just hasn't been updated quite as recently. Tenants pay their own heat. Unit 3 pays its own electric, Units 1 and 2 share a meter and electric is included. The expensive investments have been made to this building already including vinyl siding, replacement windows, architectural shingle roof, spray foam in basement, electrical, and more. Off-street parking in back. Gross rents are $26,700 with over $16,000 in net operating income. Easy access to downtown Montpelier, Barre, shopping/restaurants along the Barre-Montpelier Road, Berlin Corners, 89, and the hospital. Operating expenses in listing includes property taxes.
