12 Parsonage
Starksboro, VT 05487
- – beds
- – baths
- 1,970 sqft
- ~1 acre lot
- $177 per sqft
- 1850 build
- – on site
More homes
Discover an exceptional investment opportunity with this well-maintained 3 unit building. This property offers three 1 bedroom/1 bathroom units, making it an ideal choice for savvy investors seeking consistent rental income and impressive returns. With its strategic location halfway between Burlington and Middlebury, excellent tenant history, and eco-friendly features, this apartment building presents an enticing prospect for both seasoned investors and home buyers struggling with low inventory trends. Another standout feature of this apartment building is its large landscaped yard, providing tenants with a beautiful outdoor space to relax and enjoy. In addition to its excellent location and tenant demand, this property boasts solar panels, which provide economical electricity to tenants, reduce their utility costs, and generate a revenue stream for the owner, enhancing the property's overall profitability and appeal to environmentally-conscious renters. Speaking of revenue streams, there is also a couple coin op washer/dryers in the basement common area for tenants to use. This apartment building is not just a property; it's a gateway to a lucrative investment opportunity. The combination of its prime location, strong tenant demand, and additional revenue streams makes it a compelling choice for investors looking to diversify their portfolio. The generous 11% cap rate further underscores its investment potential, making it a standout option in today's real estate market.
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Last updated Sep 17, 2024
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MLS# 5009063 —
The Building
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Year Built:1850
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Pre-Construction:No
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Construction Status:Existing
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Construction Materials:Wood Frame, Wood Siding
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Architectural Style:Multi-Family
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Roof:Metal, Shingle - Asphalt
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Foundation:Concrete, Stone
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Total Stories:2
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Total Units:3
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Approx SqFt Total:2738
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Approx SqFt Total Finished:1,970 Sqft
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Approx SqFt Finished Above Grade:1,970 Sqft
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Approx SqFt Finished Below Grade:0 Sqft
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Approx SqFt Unfinished Below Grade:768
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Approx SqFt Unfinished Building Source:Assessor
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Approx SqFt Finished Above Grade Source:Assessor
Interior
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Basement:Yes
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Basement Description:Full, Unfinished, Exterior Access
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Basement Access Type:Walkout
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Flooring:Carpet, Laminate, Vinyl
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Room 5 Type:Leased
Location
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Latitude:44.224440311575428
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Longitude:-73.057012728836057
The Property
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Property Class:Multi-Family
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Seasonal:No
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Lot SqFt:43,560 Sqft
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Lot Acres:1 Sqft
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Zoning:res
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Exterior Features:Deck, Porch - Covered
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Driveway:Crushed Stone
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Roads:Paved
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Lot Features:Corner, Landscaped, Level
Listing Agent
- Contact info:
- Office phone:
- (802) 399-2860
Taxes
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Tax Year:2023
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Taxes TBD:No
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Tax - Gross Amount:$4,416.18
Beds
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Bedrooms - Level 4:4
Baths
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Unit 1 Baths:1
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Unit 2 Baths:1
The Listing
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Price Per SqFt:177.66
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Foreclosed/Bank-Owned/REO:No
Heating & Cooling
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Heating:Direct Vent
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Heat Fuel:Gas - LP/Bottle
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Fuel Company:Jackman's of Bristol
Utilities
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Utilities:Cable - Available
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Separate Utilities:Yes
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Sewer:Private, Septic
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Electric:100 Amp, Circuit Breaker(s), Pre-Wired for Renewables
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Cable Company:Xfinity
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Water Source:Public
The Community
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Covenants:Unknown
Parking
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Parking:Parking Spaces 6+
Extra Units
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Unit 1 Rooms:4
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Unit 1 Bedrooms:1
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Unit 2 Bedrooms:1
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Unit 3 Rooms:4
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Unit 3 Bedrooms:1
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Unit 3 Baths:1
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Unit 1 Info:Ceiling Fan, CO Detector, Deck, Heat - Gas, Hot Water, Range - Electric, Refrigerator, Smoke Detector
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Unit 2 Info:CO Detector, Heat - Gas, Hot Water, Porch, Range - Gas, Smoke Detector
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Unit 3 Info:Porch, Range - Electric, Refrigerator, Smoke Detector
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
8/14/24
Aug 14, 2024
|
Sold Subject To Contingencies | PRIME_MLS | ||
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8/9/24
Aug 9, 2024
|
Listed / Active | PRIME_MLS | ||
|
8/9/24
Aug 9, 2024
|
Listed / Active | PRIME_MLS | $258,000 |
