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Courtesy of Flex Realty Group of Flex Realty.

235 River Road

Essex, VT 05452
  • $449,900
  • STATUS: Active
  • ON SITE: 183 Days
  • MLS #: 4865482
UPDATED: 134 min ago
$449,900
  • 4
    BEDS
  • 2.2
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 2,700
    SQFT
  • $167
    $/SQFT
Type:
Multi-Family
Built:
1900
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

Great opportunity exists with this 4 unit multifamily property located in Essex on a corner lot with over 2 acres of land! "The barn" as its referred to is approximately 5400 square feet (30 x 90 feet) all with a "country rustic" feel. There are 4 apartments in the building on the upper level all with private entrances. The first level of the barn is currently used for owners storage with space to hold 4-6 vehicles. All units are one bedroom with an additional room for use as office space, etc. Apartments 2 and 3 are in the back and have private decks. Each unit also has washer and dryer hook-ups. Each unit is heated by a natural gas direct vent heater. There is a large yard and woods that allows each unit to have some outdoor space, gardening spot, etc as well as a huge parking lot that provides plenty of easy parking for tenants as well as visitors. The property is also directly on the bus line making it very convenient for tenants. The gross monthly income for all units is nearly $3500 and the rents are considered below market rate with room to increase. All units currently rented with month to month leases.

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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 displayed on this 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 2021-12-09T00:05:32.573.
www.thehickeyrealestategroup.com/homes/118037929
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235 River Road Essex, VT 05452

  • Price: $449,900
  • Status: Active
  • On Site: 183 Days
  • Updated: 134 min ago
  • MLS #: 4865482
4
Beds
4
Baths
0
½ Baths
2.2
Acres
2,700
SQFT
$167
$/SQFT
1900
Built
County:
Chittenden
Area:
Essex
Elementary School:
Essex Elementary School
Middle School:
Essex Middle School
High School:
Essex High
School District:
Essex School District
Property Description
Great opportunity exists with this 4 unit multifamily property located in Essex on a corner lot with over 2 acres of land! "The barn" as its referred to is approximately 5400 square feet (30 x 90 feet) all with a "country rustic" feel. There are 4 apartments in the building on the upper level all with private entrances. The first level of the barn is currently used for owners storage with space to hold 4-6 vehicles. All units are one bedroom with an additional room for use as office space, etc. Apartments 2 and 3 are in the back and have private decks. Each unit also has washer and dryer hook-ups. Each unit is heated by a natural gas direct vent heater. There is a large yard and woods that allows each unit to have some outdoor space, gardening spot, etc as well as a huge parking lot that provides plenty of easy parking for tenants as well as visitors. The property is also directly on the bus line making it very convenient for tenants. The gross monthly income for all units is nearly $3500 and the rents are considered below market rate with room to increase. All units currently rented with month to month leases.
Exterior Features

Construction Wood Frame Driveway Gravel Exterior Wood Garage Type2 Under Has Garage Yes Lot Description City LotCornerSloping Parking Parking Spaces 6+Unpaved Road Frontage Yes Road Frontage Length 222 Roads PavedPublic Roof Metal Style Multi-Family

Interior Features

Cooling None Foundation Concrete Has Basement No Heating Gas Heater - Vented Total Heated Units 4 Total Ranges 4 Total Refrigerators 4 Total Water Heaters 4 Unit1 Approx Sq Ft 650 Unit1 Baths 1 Unit2 Approx Sq Ft 650 Unit2 Baths 1 Unit3 Approx Sq Ft 650 Unit3 Baths 1 Unit4 Approx Sq Ft 650 Unit4 Baths 1 Water Heater Electric

Property Features

Construction Status Existing Electric Circuit Breaker(S) Flood Zone No Gross Income 40800 Heat Fuel Gas - Natural Possession At Closing Pre Construction No Seasonal No Separate Utilities Yes Sewer Public Taxes Tbd Yes Total Electric Meters 5 Total Gas Meters 5 Total Leases 0 Total1 Bed Units 4 Total2 Bed Units 0 Total3 Plus Bed Units 0 Unit1 Rental Amount 850 Unit1 Tenant Pays ElectricHeatHot Water Unit2 Rental Amount 850 Unit2 Tenant Pays ElectricHeatHot Water Unit3 Rental Amount 850 Unit3 Tenant Pays ElectricHeatHot Water Unit4 Rental Amount 850 Unit4 Tenant Pays ElectricHeatHot Water Utilities Other Water Public Zoning Residential

Courtesy of Flex Realty Group of Flex Realty.


© 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 displayed on this 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 2021-12-09T00:05:32.573.
 
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