7 Winter
Montpelier, VT 05602
- – beds
- – baths
- 4,700 sqft
- 10,890 sqft lot
- $169 per sqft
- 1878 build
- – on site
Well maintained 7 Unit building in sought after "Meadows" neighborhood between downtown and Hubbard park. 9% cap rate with room for increases in rents makes this an attractive investment. Tenants pay heat and electricity. Entirely updated electrical and recent updates make this a low maintenance solid investment. Super easy to rent these great units with quick walk to downtown and Hubbard park, yet tucked away on a quiet street. Owner went through and updated each apartment in the building as they became available over the past 14 years. Every piece of electrical replaced in that period and most of the plumbing. Extra time and care was given to updates with an eye towards quality, low maintenance and longevity. Enormous parking area gives the tenants much sought after off street parking. More than 1 unblocked parking spot per bedroom with a back yard and front yard. All the roofs other than the very upper roof have been replaced. Insulation and weatherization have been improved throughout. Pride of ownership is evident throughout this multi family. Seller is also the listing agent, a licensed real estate agent in the state of Vermont. Extremely limited assisted showing windows available. Showings 1pm to 3pm on Friday 11/22 and Monday 11/25 12pm to 2pm. More showings may happen 1st week of December. Property is smoke free, and mostly pet free. No cats or dogs. Super low maintenance yet attractive siding. Make an appointment as this one won't last.
Listing courtesy of PRIME_MLS / JC Earle / EXP Realty / Cell: 802-485-9900
Last checked:
Checking…
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Last updated Nov 21, 2024
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MLS# 5022765 —
The Building
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Year Built:1878
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Pre-Construction:No
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Construction Status:Existing
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Construction Materials:Wood Frame
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Architectural Style:Apartment Building
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Roof:Corrugated, Membrane, Shingle - Asphalt
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Foundation:Fieldstone
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Total Stories:3
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Total Units:7
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Approx SqFt Total:5980
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Approx SqFt Total Finished:4,700 Sqft
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Approx SqFt Finished Above Grade:4,700 Sqft
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Approx SqFt Finished Below Grade:0 Sqft
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Approx SqFt Unfinished Below Grade:1280
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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:Concrete Floor, Unfinished
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Basement Access Type:Walk-up
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Room 5 Type:Leased
Room Dimensions
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Room 2 Dimensions:3 Sqft
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Room 4 Dimensions:0 Sqft
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Room 21 Dimensions:2
Location
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Directions:From Downtown Montpelier head north on Main St. Take the second exit from the round about onto Spring St. Cross the north branch of the Winooski and take your first right on Elm St. Take your first Left onto Winter St. and the building is the 4th on the right.
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Latitude:44.265574158474671
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Longitude:-72.571250457672122
The Property
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Property Class:Multi-Family
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Seasonal:No
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Lot SqFt:10,890 Sqft
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Lot Acres:0 Sqft
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Zoning:Residential 3000
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Driveway:Gravel
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Road Frontage:Yes
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Road Frontage Length:50 Sqft
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Flood Zone:Land Only
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ROW - Parcel AccessNo
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Lot Features:City Lot, Level, Rental Complex, Sidewalks, In Town, Near Paths, Neighborhood, Near School(s)
Listing Agent
- Contact info:
- Office phone:
- (802) 448-0615
Taxes
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Tax Year:2024
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Taxes TBD:No
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Tax - Gross Amount:$14,835
Beds
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Bedrooms - Level 1:1
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Bedrooms - Level 4:3
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Bedrooms - Basement:5
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Total 2 Bedroom Units:2
Baths
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Total Full Baths:3
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Full Baths Size:0 Sqft
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Three Quarter Baths:5
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Three Quarter Baths Size:2 Sqft
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Half Baths Size:26 Sqft
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Quarter Baths:2
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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:169.15
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Foreclosed/Bank-Owned/REO:No
Heating & Cooling
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Heating:Propane, Baseboard, Forced Air, Gas Heater, Wall Furnace
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Fuel Company:Gillespie's
Utilities
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Utilities:Cable, Gas - LP/Bottle, Multi Phone Lines, Telephone Available
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Separate Utilities:Yes
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Sewer:Public
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Electric:Circuit Breaker(s)
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Cable Company:Xfinity
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Water Source:Public
Schools
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Elementary School:Union Elementary School
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Middle Or Jr High School:Main Street Middle School
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High School:Montpelier High School
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School District:Montpelier School District
The Community
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Condo Name:Monthly
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Marina Name:Monthly
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Covenants:No
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Easements:No
Extra Units
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Unit 1 Rooms:3
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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:2
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Unit 3 Baths:1
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Unit 4 Bedrooms:1
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Unit 4 Baths:1
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Unit 5 Rooms:4
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Unit 5 Bedrooms:1
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Unit 5 Baths:1
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Unit 6 Bedrooms:1
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Unit 6 Baths:1
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Unit 7 Rooms:6
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 |
---|---|---|---|---|
11/20/24
Nov 20, 2024
|
Listed / Active | PRIME_MLS | $795,000 |