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Listing Provided By Jason Saphire with www.EntryOnly.com
$1,600,000
46-48 North Street, Royalton, VT 05068
3 Beds
3 Baths
8,500 sqft

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Listing Provided By Jason Saphire with www.EntryOnly.com
16 Unit Residential Building next to Vermont Law School near the center of South Royalton. Two buildings totaling fifteen 1-bed apartments, one 2-bed apartment, 8 storage units, trash/recycling shed, and coin-op laundry room. Off street parking space for tenants. Older, renovated building has 8 units - owner pays all utilities except phone/tv/internet. Second building built 8 years ago - owner pays heat and hot water, tenants pay the rest of utilities. Propane and commercial wood pellet boilers provide heat and hot water. Town water and septic. All fully occupied with signed leases through July 31, 2022. The apartments are in high demand in the area and are always rented by the end of April for the upcoming lease year. Utility futures installed for four additional units to be built on the property. Income and expense reports available. More information and showings upon request.
  • Price:
  • $1,600,000
  • Bedrooms:
  • 3
  • Full Baths:
  • 3
  • Square Footage:
  • 8,500
  • Acreage:
  • 1.00
  • Year Built:
  • 1950
  • Listing ID #:
  • 4868139
  • Street Address:
  • 46-48 North Street
  • City:
  • Royalton
  • State:
  • Vermont
  • Postal Code:
  • 05068
  • County:
  • Windsor
  • Listing Status:
  • Active
  • Listing Type:
  • ResidentialAttached
  • Basement Access:
  • Interior
  • Basement Description:
  • Bulkhead, Concrete, Crawl Space, Dirt
  • Building Color:
  • Yellow
  • Construction Description:
  • Modular Prefab, Wood Frame
  • Construction Status:
  • Existing
  • Exterior Features:
  • Balcony, Porch, Shed
  • Finished Above Ground Square Footage:
  • 8500
  • Finished Square Feet:
  • 8500
  • Flooring:
  • Laminate, Softwood, Vinyl
  • Foundation:
  • Concrete, Fieldstone
  • Has Basement:
  • Yes
  • Interior Features:
  • Programmable Thermostat
  • Number Of Units:
  • 16
  • Siding:
  • Clapboard, Metal, Wood
  • Stories:
  • 2
  • Style:
  • Apartment Building, Multi-Family
  • Total Building Square Footage:
  • 9300
  • Type Of Roof:
  • Metal
  • Unfinished Above Ground Square Footage:
  • 500
  • Unfinished Basement Square Footage:
  • 300
  • Unit1 Bathrooms:
  • 1
  • Unit1 Bedrooms:
  • 1
  • Unit1 Square Footage Range:
  • 700
  • Unit1 Total Rooms:
  • 3
  • Unit2 Bathrooms:
  • 1
  • Unit2 Bedrooms:
  • 1
  • Unit2 Square Footage Range:
  • 750
  • Unit2 Total Rooms:
  • 4
  • Unit3 Bathrooms:
  • 1
  • Unit3 Bedrooms:
  • 1
  • Unit3 Square Footage Range:
  • 550
  • Unit3 Total Rooms:
  • 4
  • Year Built:
  • 1950
  • Gross Income:
  • 207000
  • Net Operating Income:
  • 191080
  • Operating Expense:
  • 65000
  • Lot Description:
  • City Lot, Corner
  • Lot Square Footage:
  • 43560
  • Road Frontage:
  • 134
  • Road Type:
  • Paved, Public
  • Days On Market:
  • 158
  • Included In Sale:
  • Additional Buildings, Land/Building, Silo
  • Restrictions:
  • # Of Occupants, Other, Pets - Cats Allowed, References
  • Price Per Square Foot:
  • 188.24
  • Property Taxes:
  • $15,920
  • Tax Year:
  • 2020
  • Driveway:
  • Common/Shared, Gravel
  • Parking Description:
  • Off Street, Unassigned, Unpaved
  • Electricity:
  • Circuit Breaker(s)
  • Existing Water:
  • Metered, Public Water - On-Site
  • Heating:
  • Baseboard, Direct Vent, Hot Water, Individual, Wood Boiler
  • Heating Fuel:
  • Gas - Lp/Bottle, Pellet
  • Sewage Type:
  • 500 Gallon, 1250 Gallon, Public Sewer On-Site
  • Water Heater:
  • Gas - Lp/Bottle, On Demand
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Provided By Jason Saphire with www.EntryOnly.com
  • VMONT

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