2337 Vt Route 7, Middlebury, VT 05753

$489,000
1,960
SqFt

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Listing courtesy of Amey M Ryan from IPJ Real Estate. (Cell: 802-989-8156)

List Price
$489,000
Status
ACTIVE
MLS#
5089982
Price Change
▼ $40,000 1787175361
Living Area
1,960
Lot Size
20,909
Acres
0.48
Year Built
1900

Property Description

Here is a delightful opportunity to own a simply versatile property that has been carefully updated over the years. What started as a single family home has been beautifully transformed to this multi-use property. The larger section of the property includes 5 private office spaces that share a conference room and a reception area as well as a full bath and small kitchenette. The total rent for three of these office spaces currently brings in $1200 and could be even more if rents were adjusted for market rates and the two, currently empty, other offices were rented. There are two furnished studio apartments, one on each level. The 1st floor apartment is currently rented for $1150/month and is heated with both a Rinnai heater and a heated and cooled with a heat pump. It includes a dishwasher, electric stove, stacked laundry and a 3/4 bath. This unit shares a door with one of the aforementioned office spaces so it's possible you could "capture" that room for this apartment space. The second floor unit is a true studio space with a Rinnai heater, heat pump, electric stove, fridge and 3/4 bath and rents for $1400/month. There is additional income potential - rent the 2 bay garage or add that space to one of the apartment rentals and increase the rent. The property is landscaped and has an existing sign for business name display. The parking surface is paved and this property is very tidy!

Additional Information

Taxes
$6,721
Listing Agent
Amey M Ryan
Listing Office
IPJ Real Estate
Style
Farmhouse
School District
Addison Central
Elementary School
Mary Hogan School
Middle School
Middlebury Union Middle #3
High School
Middlebury Senior UHSD #3
Exterior Features
Partial Fence, Garden, Natural Shade, Porch, Covered Porch, Shed, Storage
Electric
Service - 201 to 600 Amps, Circuit Breakers
Utilities
Phone Available
Basement
Bulkhead, Concrete, Crawl Space, Dirt Floor, Full, Interior Stairs, Sump Pump, Exterior Entry
Foundation
Poured Concrete, Stone
Sewer
1000 Gallon, Concrete, Leach System, Septic Tank, Private Sewer, Septic Tank
Roof
Corrugated, Other, Asphalt
Zoning
Agricultural Rural (AR)
Water
Meter In, Public

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Calculator source: Real Geeks

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