Homes for sale - 371 River ST, Montpelier, VT 05602

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Kris Labrake

krislabrake@kw.com +1(603) 715-6866

Listed by Martha Lange • BHHS Vermont Realty Group/Montpelier

$ 395,000

Est. payment | -/mo

1.12 Acres Lot

Save

$ 395,000

Est. payment | -/mo

Save

1.12 Acres Lot

Key Details

Property Type Commercial

Sub Type Business,Investment,Office,Other

Listing Status Active

Purchase Type For Sale

MLS Listing ID 5040674

Year Built 1934

Annual Tax Amount $12,651

Tax Year 2024

Lot Size 1.120 Acres

Acres 1.12

Property Sub-Type Business,Investment,Office,Other

Property Description

Unique property with many possibilities. It has amazing road frontage and exposure with approx. 300 feet of road frontage. Live in the home and have the storage units pay your expenses. Or rent the house to tenants or a business to add to the income from the storage units. This property just went through a change of use permit (attached) from Commercial to Residential zoning. The sellers also filed a grievance with the City regarding the assessment...TBD The very well maintained 1934 three-bedroom, one bathroom cape home is currently being used for tenant rental and has been getting $2,600./month with all utilities included. The tenant is leaving 6/2, so it's ready for you to put in your own tenants or move in yourself. The home has been an office building for several businesses in the past. The home has hardwood floors, a main floor bedroom, living room, mud room, den, dining room, closet with stackable laundry unit, kitchen with back door access and an updated bathroom. The house does not have direct entry to the basement that is accessed by a private locked door in the lower parking area of the circular paved driveway. There are 4 inside locked storage units in the basement that bring in $240/month total. Next to the house, there are 11 storage units in a single building and they are of varying sizes. That building currently generates $755/month. The leases are month to month. All units are likely to be charging under market rates, but there are many long term renters.

Location

State VT

County Vt-washington

Area Vt-Washington

Zoning Residential

Rooms

Basement Entrance Walkout

Basement Concrete, Concrete Floor, Full, Other, Storage - Assigned, Storage - Locked, Walkout, Exterior Access

Interior

Inclusions Additional Buildings, Land/Building, Outbuilding

Equipment CO Detector, Smoke Detector

Exterior

Parking Features Off Street, Parking Spaces 6+, Paved

Garage Description Off Street, Parking Spaces 6+, Paved

Utilities Available Cable - At Site

Waterfront Description No

View Y/N No

View No

Roof Type Metal

Building

Foundation Concrete

Sewer Public

GET MORE INFORMATION

Kris Labrake

REALTOR® | Lic# 070372

krislabrake@kw.com

+1(603) 715-6866

85 S Main St, Concord, NH, 03301, USA

371 River ST Montpelier, VT 05602

Kris Labrake

Key Details

Location

Rooms

Interior

Exterior

Building

371 River ST