371 River ST new Save Request In-Person Tour Request Virtual Tour
Montpelier,VT 05602
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