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282, 288, 294 Barre StreetMontpelier, VT 05602Price: $1,625,000

  • Price: $1,625,000
  • Est. Mortgage of $/month
  • 39 Days on Market
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$
%
$/month over payments
Federal 30-year interest rate: 2.8% last updated on Jul 29, 2021
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $1,625,000List Price
  • 15Bathrooms
  • 1.38Acreage
  • 9,627Square Feet

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Listed by The Malley Group of KW Vermont
Rare opportunity to invest in a Montpelier oasis! Tucked away behind mature trees, this three-building complex totals 15 units. These well-maintained apartments are easy to rent and have comfortable cash flow with below-market rents and practically zero vacancy rate. For 20 years, all tenants have qualified as non-smokers with no pets and good credit. The prior owner had excellent upkeep & maintenance practices managed by two talented personnel who took care of the property for years. The current owner has continued this level of property upkeep with the same reliable employees. Across the street, the brand-new Bar Hill facility offers an elegant & active bar scene with weekend food trucks. Hunger Mountain Coop is just 2 minutes away. The property is adjacent to Sabin's Pasture, used by many for hiking and cross-country skiing. A great location: near lakes & rivers for canoeing & kayaking; 30 minutes from Stowe and Sugarbush; close to Vermont College of Fine Art; 30 minutes or less to Norwich, Goddard, Vermont Tech and CCV. In 2020, the city invested in a new bike path right outside of your tenants' front door, which runs south into the heart of Montpelier and north to connect with other trail systems. The properties are listed in the Urban Center 3 Zone which supports high density development. This “campus” of three buildings has a great cash flow, makes this investment convenient to manage, and has great potential for current and future opportunities! Showings begin 6/25/21

Property Details of 282, 288, 294 Barre Street

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Copyright 2021 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the IDX Program of NEREN. 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. Data last updated July 30, 2021.

 

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