$395,000

371 River Street , Montpelier, VT 05602

 
Bedrooms:3 beds
Bathrooms:1 baths
Residential:1,316 sqft
Lot:1.12
Year Built:1934
Listing Status:Active

Listing Agent

Martha Lange
http://www.VTREGroup.com
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We cannot obtain a street view for this location. Please See Google Maps for any possible street views and other mapping views.
Loan Amount:
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Description

Unique property with many possibilities. It has amazing road frontage and exposure with approx. 300 feet of road frontage. Live in the home and havethe storage units pay your expenses. Or rent the house to tenants or a business to add to the income from the storage units. This property just went through a change ofuse permit (attached) from Commercial to Residential zoning. The sellers also filed a grievance with the City regarding the assessment...TBD The very well maintained 1934three-bedroom, one bathroom cape home is currently being used for tenant rental and has been getting $2,600./month with all utilities included. The tenant is leaving 6/2,so it's ready for you to put in your own tenants or move in yourself. The home has been an office building for several businesses in the past. The home has hardwoodfloors, a main floor bedroom, living room, mud room, den, dining room, closet with stackable laundry unit, kitchen with back door access and an updated bathroom. Thehouse does not have direct entry to the basement that is accessed by a private locked door in the lower parking area of the circular paved driveway. There are 4 insidelocked storage units in the basement that bring in $240/month total. Next to the house, there are 11 storage units in a single building and they are of varying sizes. Thatbuilding currently generates $755/month. The leases are month to month. All units are likely to be charging under market rates, but there are many long term renters.

Detailed Items

Other Information

371 River Street, Montpelier, VT, 05602 is a residential listing of 1,316 sqft on a lot of 1.12. This residential listing has 3 bedrooms, and 1 baths. The map for this location can be viewed on Google maps at Google maps to property371 River Street, Montpelier, VT
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