161 Central StreetNorthfield, VT 05663MLS Number 4871298

  • Price: $345,000
  • Est. Mortgage of $/month
  • 20 Days on Market
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Federal 30-year interest rate: 2.78% last updated on Jul 22, 2021
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
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  • 0.13Acreage
  • 3Bathrooms
  • 1850Year Built
  • 4,532Square Feet

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Listed by Ray Mikus of Green Light Real Estate
Picture perfect three unit building on iconic Central Street is ready for its new owner. Each unit is three bedrooms, townhouse style, and the tenants pay their own utilities. That's right--tenants pay heat, electricity, hot water, and even their water/sewer. Makes it really easy to keep track of the finances! The front two units have hardwood floors, and an easy layout. Each has its own basement for storage. One unit has the laundry in its basement, the other has it in a first floor mudroom. The back unit was added after the original construction, and has a different, more modern feel. Unit B(the back unit is Unit B) has three bedrooms, and a nice open upstairs featuring a large living room with a double facing brick fireplace, and an eat-in kitchen. This back unit also has a large, private back deck, great basement storage, and a carport. Overall, the building is in very good condition, including vinyl siding, brand new roof, and systems that are in good condition. At present, since the owner doesn't pay utilities, the net operating income is more than $22,000, and there could easily be room to improve those numbers. This solid investment or owner-occupant property is conveniently located on desirable Central Street, between Norwich University and the Common, and near schools and recreation. Easy access to Montpelier and 89. These units are always in HIGH demand.

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More Info

Basic Information

  • StatusACT
  • Property TypeMulti-Family
  • List Price$345,000
  • Date Price Change07/23/2021
  • MLS Number4871298
  • MLS StatusActive

Property

  • Acreage0.13
  • Parking Spaces2
  • Square Feet4,532
  • APX Fin AG Sqft4,532
  • Road Frontage150
  • RoadsPaved, Public
  • Lot DescriptionCity Lot, Landscaped, Level, Sidewalks

Amenities

  • Exterior AmenitiesDeck

Location

  • TownNorthfield
  • StateVT
  • Zip05663
  • CountyWashington
  • ZoningVillage Center District
  • Elementary SchoolNorthfield Elementary School
  • Junior HighNorthfield Middle High School
  • High SchoolNorthfield High School
  • Flood Zone Y/NNo

Exterior

  • ExteriorVinyl
  • RoofShingle - Architectural
  • Exterior ColorWhite

Utilities

  • Heat FuelOil
  • Heat SystemHot Air, Hot Water
  • UtilitiesCable - Available, High Speed Intrnt -Avail
  • WaterPublic
  • Water HeaterElectric, Off Boiler, Oil
  • ElectricCircuit Breaker(s)
  • SewerPublic

Building

  • Year Built1850
  • Building ConstructionWood Frame
  • StyleApartment Building
  • Units3
  • Unit 1 Bath1
  • Unit 1 Bedrooms3
  • Unit 2 Bath2
  • Unit 2 Bedrooms3
  • Unit 3 Bath1
  • Unit 3 Bedrooms3
  • # of 3 Bedrooms3
  • Bathroom3
  • Total Baths3
  • BasementConcrete, Full, Stairs - Exterior, Unfinished
  • FoundationConcrete, Stone

Other

  • Taxes$7,916
  • Seasonal Y/NNo
  • Unit 1 Deposit$850
  • Unit 2 Rent Amount$1,150
  • Unit 3 Rent Amount$850
  • View Count3

Your Local Office

Brian French Real Estate

Brian French Real Estate

1993 Williston Road,
South Burlington, VT 05403
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Copyright 2021 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 July 29, 2021.

 

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