123 Thomas LaneStowe, VT 05672MLS Number 4652924
- Price: $650,000The price has recently decreased
- Est. Mortgage of $/month
- 10 Days on Market
|Price||Down Payment||Interest Rate||Years|
Est. Mortgage: $/month
Federal 30-year interest rate: 4.03% last updated on 2017-07-13
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
- 150Road Frontage
Great Investment Opportunity for a Landlord with ability to expand. This 6 unit Multi-family built in 1972 was gutted & redone in the 1980's so many issues that might have surfaced have been replaced such as plumbing & wiring. The 6 units undergo continued maintenance upon vacancies. There is a coin operated washer & dryer on premises while Unit 3, the owners unit has its own washer & dryer. Each unit pays its electricity and propane for their gas stoves & gas water heaters. Owner pays for the oil to operate the boiler for the heat throughout the building. Building is conveniently located with frontage on Cliff St if one wants to walk to lower village or driveway off Thomas Lane for an easy walk to the post office, village or ice rink. Extensive financial information available after signing a Confidentially Agreement. The building also includes the laundry room of about 165 sq.ft., the Furnace Room of about 106 sq. ft., Two attached sheds, one 12 x 20 & the other is 10 x 16. There is also a closed storage unit of 12 x 16 ft. with an overhead door and concrete floor. The carport for 4 vehicles is 26"x 40"with an open front side. Building is served by a drilled well which yields about 179 gallons a minute and is treated for iron. The roofs have been replaced pat in 2010 & part in 2016. In addition to the six units existing the zoning would permit an additional 4 units to be constructed and seller had design such a plan a few yars ago but did not seek permits.
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- Elementary SchoolStowe Elementary School
- High SchoolStowe Middle/High School
- Junior HighStowe Middle/High School
- Road Frontage150
- APX Fin AG Sqft2544
- Heat FuelOil
- Property TypeMulti-Family
- RoadsPaved, Public
- Square Feet3996
- ExteriorClapboard, Wood Siding
- RoofShingle - Asphalt
- Exterior ColorBrown
- Exterior AmenitiesDeck, Fence - Partial, Outbuilding, Private Dock
- Parking Spaces4
- Broker NameStowe Area Realty LLC
- Agent NameLibby
- Delayed ShowingsNo
- Number of Photos13
- View Count4
- # of 1 Bedrooms5
- # of 2 Bedrooms1
- StreetThomas Lane
- Building Number123
- Flood Zone Y/NNo
- Lot DescriptionCorner, Landscaped, Walking Trails
- APX Fin Below Grade1452
- ElectricCircuit Breaker(s), Underground
- WaterDrilled Well
- Heat SystemBaseboard, Hot Water
- FinancingAll Financing Options
- Unit 2 Rent Amount$785
- Unit 4 Rent amount$825
- Unit 5 Rent amount$805
- Date Listed08/11/2017
- List Price$650,000
- MLS Number4652924
- Seasonal Y/NNo
- Total Baths7
- Year Built1972
- Water HeaterGas - LP/Bottle, Separate
- BasementFinished, Full
- FloorsCarpet, Vinyl
- Unit 1 Bath1
- Unit 1 Bedrooms1
- Unit 1 Floor LocationBasement
- Unit 1 Total Rooms3
- Unit 2 Bath1
- Unit 2 Bedrooms1
- Unit 2 Total Rooms3
- Unit 3 Bath2
- Unit 3 Bedrooms2
- Unit 3 Total Rooms4
- Unit 4 Total Rooms3
- Unit 5 Baths1
- Unit 5 Bedrooms1
- Unit 6 Baths1
- Unit 6 Bedrooms1
. 2 Bathroom 2333 Square Feet 0.11 Acreage Year Built in 1922.
Tenants pay their own heat!! Two heating systems and the tenants pay their own electricity and fuel. Great investment opportunity or live in one unit and let the rent from the other offset your expenses. 2 car garage can produce additional income. Unit 1 pays $550 a month and Unit 2 pays $575. More
. 0 Bathroom 3172 Square Feet 0.5 Acreage Year Built in 1900.
Classic Village Multi-Family on Main Street in Franklin. Wonderful investment income property with 2 spacious 1-bedroom apartments on the first floor and 1 very large 3-bedroom apartment on the 2nd floor. Very good rental history. Downstairs apartments were renovated in 2011. Very large backyard for tenants to enjoy. An excellent, well maintained country investment property. More
. 2 Bathroom 1476 Square Feet 0.11 Acreage Year Built in 1891.
NICE AREA, GREAT BARN STORAGE OPPORTUNITY, EASY MONEY! NEW ENGLANDER STYLE WITH OPEN PORCH- Lots of parking plus the barn! THIS TWO FAMILY offers a townhouse style apartment with 2 bedrooms upstairs, new bathroom sink, toilet, kitchen cabinets, kitchen sink and interior fully painted in 2015. Rear unit is Garden style with 3 bedrooms, 3rd bedroom could easily convert to enable larger living room area. This apartment has a new sink and toilet in the bath. Stove and refrigerator in both apartments stay. Both units have washer dryer hook ups. NEW ROOF 2011, FENCED IN YARD/DRIVEWAY. LEASE UNIT 1 JULY, LEASE UNIT 2 THRU SEPT. BARN IS RENTED FOR $100/MONTH FOR STORAGE. UNITS WASHER DRYER HOOK UPS. More
. 0 Bathroom 2360 Square Feet 0.28 Acreage Year Built in 1906.
TRIPLE TREAT>LIVE IN THIS DELIGHTFUL 3 BEDRM 1 1/2 BATH MAIN FLOOR 1520 SQ. FT. HOME & HAVE THE OTHER TWO 1 BEDRM APTS. PAY ALMOST ALL OF YOUR HOUSE DEBT. ($1075 INCOME EA. MO. & BOTH PAY THEIR OWN UTILITIES, HAVE THEIR OWN ENTRANCES AND PARKING AREA SINCE THERE IS A DRIVEWAY ON WOODLAND & MEMORIAL DRIVE. THE MAIN FLOOR RADIATES QUALITY & CHARM WITH A DELIGHTFUL OPEN CONCEPT WITH 7 SPACIOUS ROOMS, SOLAR LITE SOLARIUM OFF THE FORMAL DINING RM. NICE SIZE CORNER LOT WITH A 2 STORY TWO CAR GARAGE. PLUS OWNER WILL PAY A PORTION OF YOUR CLOSING COSTS. AT JUST $144,900 YOU CAN LIVE IN STYLE FOR WAY LESS THAN YOU EVER IMAGINED WOULD BE POSSIBLE. TOTAL SQ. FTAGE INCLUDING 2 APTS. = 2,360. TRULY A SPECTACULAR OWNER OCCUPY SITUATION WITH GREAT FINANCING OPPORTUNITIES THAT MAY REQUIRE THAT YOU WILL ONLY NEED HALF A % OF YOUR OWN MONEY!!! More
. 7 Bathroom 4550 Square Feet 0.73 Acreage Year Built in 1900.
Great opportunity if you are looking for an investment property. Well kept 7 unit apartment complex. Fully rented. Currently one of the owners lives in unit 4 and her son lives in unit 5 so the rents listed are what they would be. Management fee listed is an estimation based on 10% of expected gross income (total rental with those 2 apartments being rented to others. Owners didn't have annual maintenance fee so there is an estimate of $4000.00 a year included in figures. Owners are relocating and want to sell this investment. Boiler approx. 8 years old, HW- 6 years old. Lots of $$$ was spent updating this building in the past 8 years. Check it out! Potential buyers must be pre-qualified by a bank or show proof of their ability to purchase in order to make an appointment to preview the interior of the building. More
. 4 Bathroom 3127 Square Feet 0.21 Acreage Year Built in 1901.
This 3-unit Victorian has two spacious, 3-bedroom townhouse style units and a 2-bedroom flat. Hardwood floors, new vinyl replacement windows (only a few left to change out), separate utilities including 3 hot water boilers. Constructed on a granite foundation, this property is within walking distance to downtown and there's also ample parking on site. More
. 0 Bathroom 4080 Square Feet 0.11 Acreage Year Built in 1911.
This is an income producing property in a commercial zone. It offers 5 units and they're in good condition. There is hardwired smoke/carbon monoxide detectors, each unit has their own heat and there are 4 covered porches. More
. 0 Bathroom 2260 Square Feet 0.13 Acreage Year Built in 1908.
Convenience at its best ... Located in close proximity to all of the downtown amenities, this well maintained duplex is fully occupied offering a spacious apartment with its own covered porch on each floor. Off street parking, a 2-car garage and a storage room in each unit. A great investment property and/or ideal for owner occupants to subsidize your living expenses! More
. 0 Bathroom 2040 Square Feet 0.22 Acreage Year Built in 1890.
2 unit apartment building, consistent rental history. One unit currently occupied. Separate utilities to each unit paid by tenants. Brand new furnaces for both units in 2014. On street parking. Sloping, deep lot with good size lawn in back. Both units are in good condition, 2BA/1BA down; 3 BR/1BA up, good size rooms. Good income opportunity. For the renter looking to own, this is a good opportunity to transition. Live in one unit, rent out the other for income. More
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