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About This Home

This 2-bedroom, 3-bathroom residential multi family at 2337 VT Route 7 in Middlebury, VT is listed for $549,000 ($280 per sqft). Built in 1900, the home offers 1,960 sqft of living space on a 0.48 acres lot.

Agent 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 privately rented office spaces that share a conference room and a reception area as well as a full bath and small kitchenette.

The total rent for these office spaces brings in over $2000 and could be even more if rents were adjusted for market rates. 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!

Key Features

  • Built in 1900
  • 0.48 acre lot
  • 1.5 stories
  • 2 parking spaces

Property Details

2 stories
3 full
2 spaces
1900

Amenities

HardwoodBasement

Monthly Cost Estimate

$2,936/mo

20% down · 6.5% · 30 years

Principal$397
Interest$2,379
Insurance$160

Estimates only. Actual payments may vary.

Location

2337 VT Route 7

Middlebury, VT 05753

Property Details

Flooring

CarpetHardwoodVinylWood

Parking

GaragePaved or Surfaced

Heating

Electric (Heating)Forced AirHeat Pump (Heating)Natural GasWall Furnace

Cooling

Zoned

Appliances

RangeRefrigerator

Questions & Answers

This 2-bedroom, 3-bathroom residential multi family at 2337 VT Route 7 is listed at $549,000 ($280/sqft). The estimated monthly payment is $2,379 based on 20% down at 6.5% interest.

Key features include: Built in 1900, 0.48 acre lot, 1.5 stories, 2 parking spaces.

This property is listed by Amey Ryan and can be reached at 8023884242x203 or amey@middvermontrealestate.com.

AR

Amey Ryan

Agent at IPJ Real Estate

8023884242x203

Listed by IPJ Real Estate · View on Broker Site

MLS# 5089982· Source: listhub· Updated 12 days ago

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2337 VT Route 7, Middlebury, VT 05753

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