233 S MAIN STREET Rochester, VT 05767 | Commercial Sale | Investment, Multi-Family
$595,000 ![]()
Listing Courtesy of
Killington Pico Realty
Description
The Green Valley Complex is a mixed use investment property comprised of three buildings, including 10 one-bedroom residential apartments, a commercial retail/service unit and a free-standing medical professional building. The 4330 square foot Green Valley building, #233, offers seven 1BR apartments and a common coin-operated laundry room. Each unit has a living room, kitchen, bedroom and full bathroom; heat is oil-fired baseboard hot water. The 3540 square foot Carriage House, #237, offers three 1BR apartments, including a completely renovated garden level unit plus a recently remodeled hair salon. The Carriage House is heated by propane-fired baseboard hot water. The 1360 square foot clinic, #235, is a stand-alone medical building with lobby, reception desk, two exam rooms, two offices, bathroom and boiler room; the clinic is heated with propane fired radiant floor heat and employs a mini-split heat pump system for heat and air conditioning. The property is served by municipal water and sewer and the entire complex is in compliance with VT Fire and Safety regulations. All 12 units are currently leased, including a three year lease with option to renew for the medical clinic; heat and electric are included; tenants pay for cable and internet. With over $100K of documented improvements in the past three years and strong financials, this property represents an exceptional investment opportunity for both cash flow and long term appreciation.
