20 West Main StreetRichmond, VT 05477MLS Number 4794096

  • Sale Price: $315,000
  • 9 Days Since Sale
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Federal 30-year interest rate: 2.8% last updated on Oct 22, 2020
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20 West Main Street Richmond VT 05477
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  • 0.23Acreage
  • 6Bathrooms
  • 1823Year Built
  • 2,982Square Feet

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Listed by Flex Realty Group of Flex Realty

Listing Sold by Coldwell Banker Hickok and Boardman
Great opportunity for an investor exists in this 6 unit commercially zoned apartment house right in the heart of Richmond! Built not long after the Round Church, this historic property is situated directly on route 2 by the corner of Bridge St. and is conveniently located with off street parking and just a short walk to restaurants, shops and plenty of other local amenities. With low annual expenses, this property is waiting for the next owner to take it over and build some equity with updates to the units and structure itself which could allow more opportunity to substantially increase monthly rents and cash flow. Current rents are below market for the area. There are 3 one bedroom units to go along with 3 studios making it very easy to rent. Each unit has an assigned parking space and tenants currently pay heat and electricity. The property enjoys quick access to I-89 and is only a short drive to Bolton Valley Ski Resort and so much more!

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More Info

Basic Information

  • Virtual TourView Tour
  • StatusSLD
  • Property TypeMulti-Family
  • List Price$349,900
  • Date Price Change07/29/2020
  • MLS Number4794096
  • MLS StatusClosed
  • Sale Date10/20/2020

Interior

  • FloorsCarpet, Vinyl, Wood

Exterior

  • ExteriorBrick, Wood
  • RoofMetal

Utilities

  • Heat FuelGas - Natural
  • Heat SystemWall Furnace
  • WaterPublic
  • Water HeaterElectric
  • ElectricCircuit Breaker(s)
  • SewerPublic

Location

  • TownRichmond
  • StateVT
  • Zip05477
  • CountyChittenden
  • ZoningCommercial
  • Elementary SchoolRichmond Elementary School
  • Junior HighCamels Hump Middle USD 17
  • High SchoolMt. Mansfield USD #17
  • Flood Zone Y/NNo

Property

  • Acreage0.23
  • Parking Spaces
  • Square Feet2,982
  • APX Fin AG Sqft2,982
  • Road Frontage67
  • RoadsPublic
  • Lot DescriptionCity Lot

Other

  • Taxes$6,317
  • Seasonal Y/NNo
  • TrashOwner
  • Unit 1 Deposit$795
  • Unit 2 Rent Amount$650
  • Unit 3 Rent Amount$745
  • Unit 4 Rent amount$745
  • Unit 5 Rent amount$795
  • View Count4

Building

  • Year Built1823
  • Building ConstructionWood Frame
  • StyleApartment Building
  • Units6
  • Unit 1 Bath1
  • Unit 1 Bedrooms1
  • Unit 1 Floor Location1
  • Unit 1 Total Rooms2
  • Unit 2 Bath1
  • Unit 2 Bedrooms1
  • Unit 2 Floor Location1
  • Unit 2 Total Rooms1
  • Unit 3 Bath1
  • Unit 3 Bedrooms1
  • Unit 3 Floor Location1
  • Unit 3 Total Rooms2
  • Unit 4 Bath1
  • Unit 4 Floor Location1
  • Unit 4 Total Rooms2
  • Unit 5 Baths1
  • Unit 5 Bedrooms1
  • Unit 6 Baths1
  • Unit 6 Bedrooms1
  • # of 1 Bedrooms6
  • Bathroom6
  • Total Baths6
  • BasementDirt Floor, Stairs - Exterior, Unfinished, Exterior Access
  • FoundationStone
Jim Campbell Real Estate
Jim Campbell Real Estate
1100 VT Rte. 242
Jay, VT 05859
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Copyright 2020 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web 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 October 28, 2020.

 

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