Listing Provided Courtesy Of:
Flex Realty Group with Flex Realty.
Address
235 River Road Essex, VT
Price
$ 449,900
Property Attributes
  • MLS#4865482
  • TypeMulti-Family
  • CountyCHITTENDEN
  • CityEssex
  • AreaChittenden
  • Zip05452
  • StyleMulti-Family
  • Price$ 449,900
  • Bedrooms4
  • Full Bathrooms4
  • Half Bathrooms0
  • Sqr Footage5400
  • Lot Size2.2 Acres
Listing Provided Courtesy Of:
Flex Realty Group with Flex Realty.
Data Source:
Northern New England Real Estate Network (NNEREN) - 85 - NH
Property Description

Great opportunity exists with this 4 unit multifamily property located in Essex on a corner lot with over 2 acres of land! "The barn" as its referred to is approximately 5400 square feet (30 x 90 feet) all with a "country rustic" feel. There are 4 apartments in the building on the upper level all with private entrances. The first level of the barn is currently used for owners storage with space to hold 4-6 vehicles. All units are one bedroom with an additional room for use as office space, etc. Apartments 2 and 3 are in the back and have private decks. Each unit also has washer and dryer hook-ups. Each unit is heated by a natural gas direct vent heater. There is a large yard and woods that allows each unit to have some outdoor space, gardening spot, etc as well as a huge parking lot that provides plenty of easy parking for tenants as well as visitors. The property is also directly on the bus line making it very convenient for tenants. The gross monthly income for all units is nearly $3500 and the rents are considered below market rate with room to increase. All units currently rented with month to month leases.

Elementary School Middle School High School
Essex Elementary School Essex Middle School Essex High
Price History
6/9/2021 Listed $499,900
7/14/2021 5% - $475,000
8/4/2021 6% - $449,900

General Features

Basement No
Construction Wood Frame
Construction Status Existing
Cooling None
Electric Circuit Breaker(s)
Elementary School Essex Elementary School
Flood Zone No
Garage Yes
Heating Gas Heater - Vented
High School Essex High
Listing Area VT-Chittenden
Middle School Essex Middle School
Net Income 31055
Parking Parking Spaces 6+, Unpaved
Price Per Sq Ft 166.63
Road Frontage Yes
Roof Metal
School District Essex School District
Sewer Public
Status Active
Stories 2
Style Multi-Family
Total Heat Units 4
Unit 1 Level Number 2
Unit 2 Level Number 2
Unit 3 Level Number 2
Unit 4 Level Number 2
Utilities Other
Water Public
Water Heater Electric
Year Built 1900
Zoning Residential

Interior Features

Heating Fuel Gas - Natural
Sqft-apx Fin Above Grade 2700
Sqft-apx Total 5400
Sqft-apx Total Finished 2700
Sqft-apx Unfn Below Grade 2700
Total 1 Br Units 4
Total Full Baths 4
Total Number of Units 4
Total Ranges 4
Total Refrigerators 4
Total Water Heaters 4
Unit 1 Apx Sqft 650
Unit 1 Bedrooms 1
Unit 1 Rooms 3
Unit 2 Apx Sqft 650
Unit 2 Bedrooms 1
Unit 2 Rooms 3
Unit 3 Apx Sqft 650
Unit 3 Bedrooms 1
Unit 3 Rooms 3
Unit 4 Apx Sqft 650
Unit 4 Bedrooms 1
Unit 4 Rooms 3

Exterior Features

Unit 1 Baths 1
Unit 2 Baths 1
Unit 3 Baths 1
Unit 4 Baths 1
Driveway Gravel
Exterior Wood
Foundation Concrete
Garage Capacity 4
Garage Type Under
Lot Description City Lot, Corner, Sloping
Lot Size Area 2.2
Road Frontage Length 222
Roads Paved, Public
Total Gas Meters 5

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 05452

Statistics provided by Inside Real Estate

Price
AVG $450K
$450K
Visits
AVG 63
62
Year Built
AVG 1900
1900

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