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Listing courtesy of PRIME_MLS / Ray Mikus / Green Light Real Estate

184 Elm

Montpelier, VT 05602

– beds
– baths
5,084 sqft
12,197 sqft lot
$285 per sqft
1850 build
– on site

Turn key, stabilized, fully leased, renovated and well-maintained six unit apartment building for sale in downtown Montpelier. Three 2-bedroom units, and three 1-bedroom units, all with laundry and hardwood floors. Units have been renovated with granite countertops, stainless appliances, renovated bathrooms, floors, paint, and much more. Units 1 and 2 share the front porch, and have a shared laundry. Units 3 and 4 enter from the side, and units 5 and 6 are newly built in a converted carriage barn. Strong rental history. Tenants pay their own utilities. Units 1-4 heat with an oil furnace and Units 5-6 have heat pumps and mini-splits. NOI $87,000 makes this a solid 6% cap rate for a high quality building. Assigned off street parking for each unit. Nice backyard as well, for tenants to enjoy. Barn is part of this property as well, and has areas clearly marked off for tenants to use as storage. **Please note that the structure did NOT flood in July 2023. Land is in the 1% flood hazard zone, but LOMA is in place attesting that the building is outside of the flood zone.** Incredibly convenient to downtown Montpelier’s restaurants and shopping. 48 hours notice for showings please, no exceptions.

Listing courtesy of PRIME_MLS / Ray Mikus / Green Light Real Estate

Last checked: Checking… • Last updated Nov 1, 2024 •

MLS# 4991351 —

The Building

Year Built:

1850
Pre-Construction:

No
Construction Status:

Existing
Construction Materials:

Wood Frame, Wood Siding
Architectural Style:

New Englander
Roof:

Shingle - Asphalt
Foundation:

Concrete
Total Stories:

2
Total Units:

6
Approx SqFt Total:

6084
Approx SqFt Total Finished:

5,084 Sqft
Approx SqFt Finished Above Grade:

5,084 Sqft
Approx SqFt Finished Below Grade:

0 Sqft
Approx SqFt Unfinished Below Grade:

1000
Approx SqFt Unfinished Building Source:

Estimated
Approx SqFt Finished Above Grade Source:

Assessor

Interior

Basement:

Yes
Basement Description:

Bulkhead, Full, Unfinished
Basement Access Type:

Walkout
Room 5 Type:

Leased

Room Dimensions

Room 21 Dimensions:

2

Location

Directions:

Very easy to find, downtown Montpelier. GPS is all you need, not to be glib.
Latitude:

44.264378208021078
Longitude:

-72.572024419643398

The Property

Property Class:

Multi-Family
Seasonal:

No
Lot SqFt:

12,197 Sqft
Lot Acres:

0 Sqft
Zoning:

Mixed Use Res.
Driveway:

Gravel
Roads:

Paved, Public
Road Frontage:

Yes
Road Frontage Length:

70 Sqft
Flood Zone:

Land Only
Lot Features:

City Lot, Level, Sidewalks

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Taxes TBD:

No
Tax - Gross Amount:

$16,933.56

Beds

Total 2 Bedroom Units:

3

Baths

Full Baths Size:

0 Sqft
Three Quarter Baths Size:

1 Sqft
Unit 1 Baths:

2
Unit 2 Baths:

1

The Listing

Virtual Tour
Unbranded Tour URL:

Virtual Tour
Unbranded Tour URL 2:

https://my.matterport.com/show/?m=PrYBSmLbLdd&brand=0&mls=1&
Price Per SqFt:

285.21
Foreclosed/Bank-Owned/REO:

No

Heating & Cooling

Heating:

Heat Pump, Steam, Mini Split
Heat Fuel:

Electric, Oil
Cooling:

Mini Split

Utilities

Utilities:

Cable - Available
Separate Utilities:

Yes
Sewer:

Public
Electric:

Circuit Breaker(s)
Cable Company:

Comcast
Water Source:

Public

Schools

Elementary School:

Union Elementary School
Middle Or Jr High School:

Main Street Middle School
High School:

Montpelier High School
School District:

Montpelier School District

The Community

Condo Name:

Monthly
Marina Name:

Monthly
Covenants:

Unknown
Easements:

Yes

Parking

Parking:

Driveway, Reserved

Extra Units

Unit 1 Bedrooms:

2
Unit 2 Bedrooms:

2
Unit 3 Bedrooms:

2
Unit 3 Baths:

1
Unit 4 Bedrooms:

1
Unit 4 Baths:

1
Unit 5 Bedrooms:

1
Unit 5 Baths:

1
Unit 6 Bedrooms:

1
Unit 6 Baths:

1

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
4/15/24 Apr 15, 2024	Listed / Active	PRIME_MLS	$1,450,000
7/10/14 Jul 10, 2014	Sold	PRIME_MLS

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This multifamily located in North Street, Montpelier, VT 05602 is currently for sale for $1,450,000. 184 Elm is a 5,084 square foot multifamily with – beds and – baths that has been on Estately for 221 days. 184 Elm is in the North Street neighborhood of Montpelier and has a WalkScore® of 81, making it very walkable. This multifamily is in the attendance area of Roxbury Village School.

Listing Courtesy of: PRIME_MLS and Green Light Real Estate.

Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.