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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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2337 Vt Route 7 , Middlebury, VT 05753
$489,000
Est. Payment: $1,086.67/mo
2 Bed
3 Bath
1960 Sqft
Status: Active | Days on site: 91
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House 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!

Highlights

Listed by Amey M Ryan , 802-388-4242 IPJ Real Estate , 802-388-4242.

Property Type

Multi-Family

Lot/Acreage
0.48

Year Built

1900

County

Addison

School District

Addison Central

Listing ID

5089982

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:2
  • Bathrooms:3
  • Full Bathrooms:
Air Cond:Mini Split
Fireplaces:
Floor:Carpet,Hardwood,Softwood,Vinyl
Above Ground Sq Ft:1960
Basement:Yes,Bulkhead,Concrete Floor,Crawl Space,Dirt Floor,Full,Interior Stairs,Sump Pump,Exterior Access

Exterior Features

Lot:Existing
Zoning:Agricultural Rural (AR)
Roof:Corrugated,Other,Asphalt Shingle
Others:
  • Additional:Partial Fence, Garden Space, Natural Shade, Porch, Covered Porch, Shed, Storage
Sewer:1000 Gallon,Concrete,Leach Field,On-Site Septic Exists,Private,Septic
Parking Features:Detached,Driveway,Garage,Off Street,On-Site,Paved,Unassigned,Visitor
Principal Interest
$1,087
Taxes
$551

Home Price

$489,000

Loan Details

30 yrs
%

Down Payment

20%
$97,800
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,086.67

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,086.67 $551.29 $0.00 $1,637.96
Yearly $13,040.00 $6,615.52 $0.00 $19,655.52
Total $391,200.00 $198,465.60 $0.00 $589,665.60

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Middlebury, VT).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.