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184 Elm Street, Montpelier, VT 05602

$1,100,000
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BEDS9 BATHS7 full SQUARE FEET5,180 MLS#5107021
STATUSActive PROPERTY TYPEMulti Unit - Multiple SCHOOLMontpelier

Listing Courtesy of: KW Vermont-Stowe
Agency Contact: Phone: 802-922-6146
Associate Name: Kelly Realty Group
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Property Description

Prime Montpelier Multifamily Investment Opportunity | 6 Units | 100% Occupied | Turnkey Condition. An exceptional opportunity to acquire a fully occupied six unit multifamily property on Elm Street in the heart of Montpelier, Vermont. This turnkey, income producing asset features renovated units, modern kitchens and bathrooms, strong rental demand, and immediate income from established tenancy. The property's outstanding location is within easy walking distance of downtown restaurants, shops, cafes, entertainment, employment centers, and everyday amenities. As Vermont's capital city, Montpelier benefits from a diverse and established tenant base supported by State Government, Central Vermont Medical Center, National Life Group, Cabot Creamery, educational institutions, professional services, and local businesses. Well maintained and fully occupied, the property offers investors a stabilized income producing asset with the scale and operational efficiency of six units, along with potential for continued rent growth and long term appreciation. An elevation certificate is available and does not require flood insurance, providing an additional advantage for ownership and financing. A rare opportunity to acquire a turnkey, higher end six unit investment in one of Vermont's most desirable rental markets.

184 Elm Street | MLS# 5107021

This multi-family property located at 184 Elm Street, Montpelier, VT 05602 is currently listed for sale with an asking price of $1,100,000. Elm Street is located within the Montpelier school district. Search Montpelier real estate on www.masiellogrouprealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Bulkhead, Crawl Space, Partial, Unfinished
Cooling: Individual, Mini Split
Heating: Oil, Mini Split
Home Style: Multi-Family
Lot Size: 0.28 Acres
Roof Type: Other, Rolled, Shingle, Standing Seam
Stories: 2.0
Taxes: $17,411
Year Built: 1850

Units

Unit 1:
Bathroom(s): 2
Bedrooms: 2
Rent: $2200.00
Unit 2:
Bathroom(s): 1
Bedrooms: 2
Rent: $1750.00
Unit 3:
Bathroom(s): 1
Bedrooms: 2
Rent: $2000.00
Unit 4:
Bathroom(s): 1
Bedrooms: 1
Rent: $1750.00
Unit 5:
Bathroom(s): 1
Bedrooms: 1
Rent: $1800.00
Unit 6:
Bathroom(s): 1
Bedrooms: 1
Rent: $1850.00

Feature Descriptions

Construction: Wood Frame, Clapboard Exterior
Days on Site: 17
Driveway: Gravel
Driveway: Gravel
Electric: Circuit Breaker(s)
Exterior: Wood Frame, Clapboard Exterior
Flood Zone: No
Foundation: Stone
Foundation: Stone
Lot: Landscaped, Sidewalks, In Town, Near Shopping, Neighborhood, Near Hospital, Near School(s)
Roads: Public Maintained Road
Sewer: Public
Sq. Ft. Total Finished: 5180
Total Stories: 2
Units: 6
Water: Public
Zoning: Mixed Use Residential

Local Schools

High School: Montpelier High School
Middle School: Main Street Middle School
Elementary School: Union Elementary School
School District: Montpelier

Listed By / Shown By

Listed By

Agency Name: KW Vermont-Stowe
Agency Contact: Phone: 802-922-6146
Agent Name: Kelly Realty Group

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Estimated Payment

$ 4,219.87 per month $2,448.12 Principal & Interest $1,450.92 Property Tax $320.83 Homeowner's Insurance

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