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46-48 North Street

Royalton, VT 05068
  • $1,600,000
  • STATUS: Active
  • ON SITE: 169 Days
  • MLS #: 4868139
$1,600,000
  • 3
    BEDS
  • 1
    ACRES
  • 16
    BATHS
  • 0
    1/2 BATHS
  • 8,500
    SQFT
  • $188
    $/SQFT
Type:
Multi-Family
Built:
1950
County:
Area:

School Ratings & Info

Description

16 Unit Residential Building next to Vermont Law School near the center of South Royalton. Two buildings totaling fifteen 1-bed apartments, one 2-bed apartment, 8 storage units, trash/recycling shed, and coin-op laundry room. Off street parking space for tenants. Older, renovated building has 8 units - owner pays all utilities except phone/tv/internet. Second building built 8 years ago - owner pays heat and hot water, tenants pay the rest of utilities. Propane and commercial wood pellet boilers provide heat and hot water. Town water and septic. All fully occupied with signed leases through July 31, 2022. The apartments are in high demand in the area and are always rented by the end of April for the upcoming lease year. Utility futures installed for four additional units to be built on the property. Income and expense reports available. More information and showings upon request.

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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/118598569
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46-48 North Street Royalton, VT 05068

  • Price: $1,600,000
  • Status: Active
  • On Site: 169 Days
  • MLS #: 4868139
3
Beds
16
Baths
0
½ Baths
1
Acres
8,500
SQFT
$188
$/SQFT
1950
Built
County:
Windsor
Area:
Royalton
Property Description
16 Unit Residential Building next to Vermont Law School near the center of South Royalton. Two buildings totaling fifteen 1-bed apartments, one 2-bed apartment, 8 storage units, trash/recycling shed, and coin-op laundry room. Off street parking space for tenants. Older, renovated building has 8 units - owner pays all utilities except phone/tv/internet. Second building built 8 years ago - owner pays heat and hot water, tenants pay the rest of utilities. Propane and commercial wood pellet boilers provide heat and hot water. Town water and septic. All fully occupied with signed leases through July 31, 2022. The apartments are in high demand in the area and are always rented by the end of April for the upcoming lease year. Utility futures installed for four additional units to be built on the property. Income and expense reports available. More information and showings upon request.
Exterior Features

Area Description Business DistrictCommercial ZoningIn TownNear ShoppingNeighborhoodVillageNear Public TransportatnNear Railroad Color Yellow Construction Modular PrefabWood Frame Driveway Common/SharedGravel Exterior ClapboardMetalWood Exterior Features BalconyPorchShed Has Garage No Lot Description City LotCorner Parking Off StreetUnassignedUnpaved Road Frontage Yes Road Frontage Length 134 Roads PavedPublic Roof Metal Style Apartment BuildingMulti-Family

Interior Features

Basement Access Type Interior Basement Description BulkheadConcreteCrawl SpaceDirt Cooling Other Flooring LaminateSoftwoodVinyl Foundation ConcreteFieldstone Has Basement Yes Heating BaseboardDirect VentHot WaterIndividualWood Boiler Total Heated Units 7 Total Ranges 16 Total Refrigerators 16 Total Water Heaters 4 Unit1 Approx Sq Ft 700 Unit1 Baths 1 Unit2 Approx Sq Ft 750 Unit2 Baths 1 Unit3 Approx Sq Ft 550 Unit3 Baths 1 Water Heater Gas - Lp/BottleOn Demand

Property Features

Construction Status Existing Easements No Electric Circuit Breaker(S) Flood Zone No Gross Income 207000 Heat Fuel Gas - Lp/BottlePellet Possession Leases Pre Construction No Restrictions # Of OccupantsOtherPets - Cats AllowedReferences Seasonal No Separate Utilities Yes Sewer 500 Gallon1250 GallonPublic Sewer On-Site Tax Gross Amount 15920 Tax Year 2020 Taxes Tbd No Total Electric Meters 14 Total Gas Meters 0 Total Leases 16 Total1 Bed Units 15 Total2 Bed Units 1 Total3 Plus Bed Units 0 Trash CansPrivate Unit1 Info Heat IncludedRange - ElectricRefrigerator Unit1 Rental Amount 1250 Unit1 Tenant Pays Internet ServiceOtherTv Service Unit2 Info DeckHeat IncludedRange - ElectricRefrigerator Unit2 Rental Amount 1150 Unit2 Tenant Pays Internet ServiceOtherTv Service Unit3 Info Heat IncludedRange - ElectricRefrigerator Unit3 Rental Amount 1050 Unit3 Tenant Pays Internet ServiceOtherTv Service Utilities CableGas - Lp/BottleInternet - Fiber OpticPhone Water MeteredPublic Water - On-Site Zoning N/A

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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.
 
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