184 Elm St, Montpelier, VT 05602
- $1,100,000
- 5,180
- SqFt
Listing courtesy of Kelly Realty Group from KW Vermont-Stowe. (Phone: 802-922-6146)
- List Price
- $1,100,000
- Status
- ACTIVE
- MLS#
- 5107021
- Living Area
- 5,180
- Lot Size
- 12,197
- Acres
- 0.28
- Year Built
- 1850
Property Description
Prime Montpelier Multifamily Investment Opportunity | 6 Units | 100% Occupied | Turnkey Condition. An exceptional opportunity to acquire a fully occupied six unit multifamily property on Elm Street in the heart of Montpelier, Vermont. This turnkey, income producing asset features renovated units, modern kitchens and bathrooms, strong rental demand, and immediate income from established tenancy. The property's outstanding location is within easy walking distance of downtown restaurants, shops, cafes, entertainment, employment centers, and everyday amenities. As Vermont's capital city, Montpelier benefits from a diverse and established tenant base supported by State Government, Central Vermont Medical Center, National Life Group, Cabot Creamery, educational institutions, professional services, and local businesses. Well maintained and fully occupied, the property offers investors a stabilized income producing asset with the scale and operational efficiency of six units, along with potential for continued rent growth and long term appreciation. An elevation certificate is available and does not require flood insurance, providing an additional advantage for ownership and financing. A rare opportunity to acquire a turnkey, higher end six unit investment in one of Vermont's most desirable rental markets.
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Additional Information
- Taxes
- $17,411
- Listing Agent
- Kelly Realty Group
- Listing Office
- KW Vermont-Stowe
- Style
- Multi-Family
- School District
- Montpelier School District
- Elementary School
- Union Elementary School
- Middle School
- Main Street Middle School
- High School
- Montpelier High School
- Electric
- Circuit Breakers
- Utilities
- Cable Available
- Basement
- Bulkhead, Crawl Space, Partial, Unfinished
- Foundation
- Stone
- Sewer
- Public Sewer
- Roof
- Other, Rolled Hot Mop, Shingle, Standing Seam
- Zoning
- Mixed Use Residential
- Water
- Public
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