325 North River StreetSwanton, VT 05488MLS Number 4610848

  • Price: $299,000
  • 264 Days on Market
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Federal 30-year interest rate: 4.03% last updated on Jul 13, 2017
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  • 10Acreage
  • 1970Year Built
  • 3744Square Feet
  • 19200Vacancy

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9 Unit apartment building with a 2 car garage on 10 acres. This property was once a motel and was converted to weekly rentals by the current owner. With no vacancies it has the potential to gross over $86,000 in it's current configuration. It currently has nine 1 br efficiency apartments and a 2 car garage. The rents are $200 a week and include all utilities. This property has the potential to make great money for an active investor who keeps these units full. This property has a well and septic so your not paying thousands a year in water sewer bills to a municipality. 4 of the units were completely rebuilt / remodeled in the early 2000's. The 2 car garage offers an opportunity for additional income or a workshop for you to use. It's rural location is a plus for those tenants looking to get out of the city. These large properties don't come on the market often so don't miss this opportunity.

Listed by Shawn Cheney of KW Vermont/St. Albans

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More Info

Basic Information

  • Modification Date07/24/2017
  • List Price$299,000
  • Date Listed2016-12-01T00:00:00
  • StatusACT
  • MLS Number4610848

Interior

  • BasementApartments, Concrete, Concrete Floor, Crawl Space, Dirt Floor, Unfinished

Location

  • Zip05488
  • StateVT
  • Building Number325
  • TownSwanton
  • CountyFranklin
  • StreetNorth River

Exterior

  • ExteriorVinyl

Utilities

  • FuelGas - LP/Bottle, Kerosene
  • Heating CoolingAlternative Heat Stove, Floor Furnace, Forced Air, Hot Air, Individual, Multi Zone

Building

  • Square Feet3744
  • Year Built1970
  • Vacancy19200
  • Units9

Property

  • Property TypeCommercial Sale
  • Road Frontage410
  • Zoningcommercial or res
  • Lot Sqft435600
  • TypeMulti-Family
  • Acreage10

Other

  • Broker NameKW Vermont/St. Albans
  • Agent NameCheney
  • bloggingYes
  • Book202
  • Page548-549
  • Delayed ShowingsNo
  • Number of Photos39
Larkin Realty
Office: 802-864-7444
410 Shelburne Road
Burlington, VT 05401
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Copyright 2017 Northern 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. Subject to errors, omissions, prior sale, change or withdrawal without notice. This web site is updated daily.

 

 

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