Listing courtesy of Martha Lange, BHHS Vermont Realty Group/Montpelier Phone: 802-223-6302
371 River Street, Montpelier, VT, 05602
9 rooms
3 beds
1 Full baths
1934
Cape
1,316 sqft
Unique property with many possibilities. It has amazing road frontage and exposure with approx. 300 feet of road frontage. Live in the home and havethe storage units pay your expenses. Or rent the house to tenants or a business to add to the income from the storage units. This property just went through a change ofuse permit (attached) from Commercial to Residential zoning. The sellers also filed a grievance with the City regarding the assessment...TBD The very well maintained 1934three-bedroom, one bathroom cape home is currently being used for tenant rental and has been getting $2,600./month with all utilities included. The tenant is leaving 6/2,so it's ready for you to put in your own tenants or move in yourself. The home has been an office building for several businesses in the past. The home has hardwoodfloors, a main floor bedroom, living room, mud room, den, dining room, closet with stackable laundry unit, kitchen with back door access and an updated bathroom. Thehouse does not have direct entry to the basement that is accessed by a private locked door in the lower parking area of the circular paved driveway. There are 4 insidelocked storage units in the basement that bring in $240/month total. Next to the house, there are 11 storage units in a single building and they are of varying sizes. Thatbuilding currently generates $755/month. The leases are month to month. All units are likely to be charging under market rates, but there are many long term renters.
Status:
Active
Type:
Single-family residential
Zoning:
Residential and Commercia
Frontage:
300
Heating:
Hot Air
Cooling:
None
Basement:
Storage - Assigned, Storage - Locked, Unfinished, Walkout
Acreage:
1.12
Est. Taxes:
$121,652
Assessment
$523,300
Lot Description:
City Lot,Corner,Rental Complex
MLS #:
5040756