Mad River Valley Real Estate
281-285 River Street, Montpelier, VT
List Price: $750,000
Bedrooms:
Bathrooms: 0
Sq. Ft.: 3896
Acres: 5.86
Mad River Valley Real Estate
5513 Main St, Waitsfield, VT 05673
Phone: 802-496-5000
Email: info@mrvre.com
Website: www.mrvre.com
Property Description
Rare opportunity to own a Montpelier commercial/multi-family property on a 5.86 acre parcel. Conveniently located at the junction of Route 2 and Route 302, which provides excellent accessibility. This property consists of three separate buildings. One building contains 6 apartments: two 2-bedroom units, three efficiency units and one 1-bedroom unit. There is also a 2-bedroom cottage. The third building is vacant and in need of rehabilitation. This building previously consisted of 8 studio apartments. With existing tenants and room for expansion, this property provides a steady income stream. The vacant building allows for customization and value enhancement. Seize this opportunity to unlock the full potential of this property. Whether you're an investor, developer, or entrepreneur, there's so much you can achieve here! Seller is a Licensed Vermont Real Estate Broker.
Property Details
Basic Information
- MLS Number:
- 4997608
- List Price:
- $750,000
- Bathrooms:
- 0
Location
- Street:
- River Street
- Building Number:
- 281-285
- City:
- Montpelier
- State:
- VT
- Zip:
- 05602
- County:
- Washington
- School District:
- Montpelier School District
- Elementary School:
- Union Elementary School
- Middle School:
- Main Street Middle School
- High School:
- Montpelier High School
Property
- Acres:
- 5.86
- Lot Description:
- Hilly,
Level,
Major Road Frontage,
Sloping,
Trail/Near Trail
- Zoning:
- EG - Eastern Gateway
- Driveway:
- Crushed Stone,
Dirt,
Paved
- Roads:
- Paved,
Public
- Property Type:
- RI
Building
- Year Built:
- 1900
- Floors:
- Hardwood,Laminate,Vinyl
- Basement:
- Interior
- Foundation:
- Concrete,Granite,Stone
- Style:
- Bungalow,Multi-Family
- Construction:
- Wood Frame,Vinyl Siding
- Square Feet:
- 3896
Exterior
- Roof:
- Rolled,Shingle - Architectural
Utilities
- Electric:
- Circuit Breaker(s)
- Heating Fuel:
- Gas - LP/Bottle,
Oil
- Cooling:
- None
- Sewer:
- Public
Legal
- Surveyed:
- Unknown
Amenities
- Garage Spaces:
- 0
Other
- Broker Name:
- William Raveis Barre
- Agent Name:
- Michelle Hebert
- Office Phone:
- 802-479-3366
- Status:
- Active
- Latitude:
- 44.245826
- Longitude:
- -72.550258
Photos
Listed by Michelle Hebert of William Raveis Barre
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, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 7/2/2024.
Mortgage calculator source: iHomefinder. Schools info source: GreatSchools. WalkScore source: WalkScore. Market Report Source: iHomefinder with data from PrimeMLS, Inc.