Bought with Jill Fraga • The Real Estate Company of Vermont, LLC
For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $2,000,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 8,832 sqft
Price per Sqft $226
MLS Listing ID 4875516
Sold Date 12/01/21
Style Multi-Family
Construction Status Existing
Year Built 1964
Annual Tax Amount $19,295
Tax Year 2021
Lot Size 0.960 Acres
Acres 0.96
Property Sub-Type Multi-Family
Property Description
Unique 13 unit apartment complex located at Chipman Park in the center of Middlebury. Three separate buildings consisting of a mix of 1, 2 & 3 bedroom apartments. This turn-key opportunity for the smart investor yields an attractive cap rate, low maintenance buildings and excellent occupancy history. Owned and impeccably maintained by the current owner for over 40 years. This is a rare opportunity to purchase this complex that is located just off the Middlebury College campus and blocks to the center of Town. Solid CAP rate and never any vacancy.
Location
State VT
County Vt-addison
Area Vt-Addison
Zoning Res
Rooms
Basement Entrance Interior
Basement Storage Space
Interior
Heating Electric
Cooling None
Flooring Hardwood, Tile, Vinyl
Exterior
Exterior Feature Vinyl Siding
Utilities Available Cable - Available, Internet - Cable
Amenities Available Trash Removal
Roof Type Shingle
Building
Lot Description City Lot
Story 2
Foundation Concrete
Sewer Public
Water Public
Construction Status Existing
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Nearby Locations
GET MORE INFORMATION