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2337 Vt Route 7, Middlebury, VT 05753

$549,000
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Active
BEDS2 BATHS3 full SQUARE FEET1,960 MLS#5089982
STATUSActive PROPERTY TYPEMulti Unit - Multiple SCHOOLAddison Central

Listing Courtesy of: IPJ Real Estate
Agency Contact: Cell: 802-989-8156
Associate Name: Amey Ryan
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Property Description

Here is a delightful opportunity to own a simply versatile property that has been carefully updated over the years. What started as a single family home has been beautifully transformed to this multi-use property. The larger section of the property includes 5 privately rented office spaces that share a conference room and a reception area as well as a full bath and small kitchenette. The total rent for these office spaces brings in over $2000 and could be even more if rents were adjusted for market rates. There are two furnished studio apartments, one on each level. The 1st floor apartment is currently rented for $1150/month and is heated with both a Rinnai heater and a heated and cooled with a heat pump. It includes a dishwasher, electric stove, stacked laundry and a 3/4 bath. This unit shares a door with one of the aforementioned office spaces so it's possible you could "capture" that room for this apartment space. The second floor unit is a true studio space with a Rinnai heater, heat pump, electric stove, fridge and 3/4 bath and rents for $1400/month. There is additional income potential - rent the 2 bay garage or add that space to one of the apartment rentals and increase the rent. The property is landscaped and has an existing sign for business name display. The parking surface is paved and this property is very tidy!

2337 Vt Route 7 | MLS# 5089982

This multi-family property located at 2337 Vt Route 7, Middlebury, VT 05753 is currently listed for sale with an asking price of $549,000. Vt Route 7 is located within the Addison Central school district. Search Middlebury real estate on www.masiellogrouprealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Bulkhead, Concrete Floor, Crawl Space, Dirt Floor, Full, Interior Stairs, Sump Pump, Exterior Access
Cooling: Mini Split
Fenced: Yes
Garage: 2
Heating: Natural Gas, Electric, Forced Air, Heat Pump, Hot Air,
Home Style: Farmhouse
Lot Size: 0.48 Acres
Roof Type: Corrugated, Other, Asphalt Shingle
Stories: 1.5
Taxes: $6,615
Year Built: 1900

Units

Unit 1:
Bathroom(s): 1
Rent: $1575.00
Unit 2:
Bathroom(s): 1
Bedrooms: 1
Rent: $1150.00
Unit 3:
Bathroom(s): 1
Bedrooms: 1
Rent: $1400.00

Amenities

Partial Fence 
Garden Space
Natural Shade
Porch
Covered Porch
Shed
Storage

Feature Descriptions

Color: Beige
Construction: Vinyl Siding
Construction Status: Existing
Days on Site: 14
Driveway: Paved
Driveway: Paved
Electric: 200+ Amp Service, Circuit Breaker(s)
Exterior: Vinyl Siding
Flood Zone: No
Flooring: Carpet, Hardwood, Softwood, Vinyl
Foundation: Poured Concrete, Stone
Foundation: Poured Concrete, Stone
Lot: Landscaped, Level, Neighbor Business
Parking: Detached, Driveway, Garage, Off Street, On-Site, Paved, Unassigned, Visitor
Roads: Paved, Public, Public Maintained Road
Sewer: 1000 Gallon, Concrete, Leach Field, On-Site Septic Ex
Sq. Ft. Total Finished: 1960
Total Stories: 1.5
Units: 3
Water: Metered, Public
Zoning: Agricultural Rural (AR)

Local Schools

High School: Middlebury Senior UHSD #3
Middle School: Middlebury Union Middle #3
Elementary School: Mary Hogan School
School District: Addison Central

Listed By / Shown By

Listed By

Agency Name: IPJ Real Estate
Agency Contact: Cell: 802-989-8156
Agent Name: Amey Ryan

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Estimated Payment

$ 1,933.21 per month $1,221.84 Principal & Interest $551.25 Property Tax $160.13 Homeowner's Insurance

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