Attention investors! Classic historic building, with mixed commercial/office and residential use, in a convenient downtown Montpelier location. The unit mix includes three 1-bedroom apartments, and an assortment of small private offices and suites. Potential to expand the residential use. Some units are leased and some vacant, offering flexible opportunity for the future owner. Charming historic wood details, nice natural light, small shared backyard, and river views. Flood protection measures in place, including raised boiler and electric panel. New boiler and mansard roof within the last year. Agent is related to the seller.
Dive into an extraordinary opportunity with this beautifully transformed triplex! Meticulously renovated down to the studs, every element has been upgraded, featuring brand-new mechanical systems, top-notch insulation, complete basement waterproofing, and modern drywall. With the addition of a fabulous skylight and other fine details, these units are primed to be irresistibly charming! Here's the icing on the cake: perched high on the desirable east side of State Street, this property has remained unfazed by the flooding that has affected much of Montpelier over the past two years. There is a significant shortage of livable rental properties in the vibrant downtown area. Seize this unique c
Exceptional opportunity to purchase a four unit multi family in the heart of downtown Montpelier! Completely renovated in 1984, including a poured concrete foundation and new electric and plumbing, this income producing property is ready for new ownership after over 40 years. Three of the four units have beautiful hardwood flooring throughout as well as assigned off street parking. Convenient to all amenities: public transportation, shopping, dining/bars, hospital and the I89 corridor. A perfect candidate for a 1031 exchange. This offering has been thoughtfully cared for over the decades and will be the perfect fit for the discerning investor.
$649,000
5 beds4 baths2,793 sq ft
43 E State St, Montpelier, VT 05602
0.24 acre lot • 2 garage spots • Walker's paradise
Charming, adorable, cute…this home is all that and more. Set up on a hill, this home is NOT in a flood zone. Walkable to downtown, Hunger Mountain Co-op and Shaw's Grocery in addition to banks, 2 movie theatres, lots of coffee shops, restaurants, pharmacy, schools, parks, and state offices to name a few. So many improvements have been made since 2016: removed carpeting and refinished all the hardwood floors, tiled kitchen floor, remodeled bathroom, replaced sewer line, added drainage. Multiple weatherization and Efficiency Vermont remodeling has been done: water heater, insulation, dryer vent, bathroom vent, all lightbulbs replaced with energy efficient bulbs, stove, refrigerator, wa
Well maintained 7 Unit building in sought after "Meadows" neighborhood between downtown and Hubbard park. 9% cap rate with room for increases in rents makes this an attractive investment. Tenants pay heat and electricity. Entirely updated electrical and recent updates make this a low maintenance solid investment. Super easy to rent these great units with quick walk to downtown and Hubbard park, yet tucked away on a quiet street. Owner went through and updated each apartment in the building as they became available over the past 14 years. Every piece of electrical replaced in that period and most of the plumbing. Extra time and care was given to updates with an eye towards quality,
Discover this exceptional 7-unit apartment building, ideally situated just moments from downtown Montpelier. This property features newer windows and offers ample parking, making it an attractive choice for tenants. With its prime location, you'll benefit from easy access to local amenities, shops, and restaurants, enhancing its appeal for renters. Whether you're a seasoned investor or looking to expand your portfolio, this building presents a fantastic opportunity to capitalize on Montpelier's thriving rental market. Don't miss your chance to own a piece of this vibrant community! Contact us today for more details and to schedule a viewing.
Turn key, stabilized, fully leased, renovated and well-maintained six unit apartment building for sale in downtown Montpelier. Three 2-bedroom units, and three 1-bedroom units, all with laundry and hardwood floors. Units have been renovated with granite countertops, stainless appliances, renovated bathrooms, floors, paint, and much more. Units 1 and 2 share the front porch, and have a shared laundry. Units 3 and 4 enter from the side, and units 5 and 6 are newly built in a converted carriage barn. Strong rental history. Tenants pay their own utilities. Units 1-4 heat with an oil furnace and Units 5-6 have heat pumps and mini-splits. NOI $87,000 makes this a solid 6% cap rate for a high qual