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Northfield,VT 05663
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,296 sqft
Price per Sqft $172
MLS Listing ID 5015849
Bedrooms 2
Full Baths 2
Year Built 1900
Annual Tax Amount $3,241
Tax Year 2024
Lot Size 10,890 Sqft
Property Description
Great duplex in a nice Northfield village location. Low maintenance, turn key rental or owner occupy one unit and rent out the other. Granite counter tops in both kitchens! New kitchen in 1st floor apartment. New (2019) triple pain windows throughout (including proper egress), 2 new Rinnai heaters (2020), 2 new water heaters. Seller updated electrical, fixed plumbing and insulated basement. Previous ownerr jacked up building and poured new foundation, rebuilt floor system and installed standing seam roof. Quiet neighborhood with short walk to downtown Northfield. Town owned land on 3 of 4 sides. Lease out long term or furnish them and rent them out to visiting nurses at the walkable Mayo clinic. Most recent rental figures (7/24) were $1,175 per month 2nd floor unit and $1,070 1st floor unit (longer term tenant). Current projected long term market rent would be $1,250 or more including heat and electricity. Projected Furnished Finder would be $1,500 per unit per month including everything. The seller is the listing agent, a licensed real estate agent in VT. The property is in the Flood Zone. A recent quote obtained for potential buyers info was for $3,000 annual flood insurance yielding $250,000 worth of property coverage and $25,000 worth of lost rental income. Create steady income or get a leg onto the real estate ladder. Affordable utilities: Annual Water/Sewer = $1,157.37, Heat = $959.93 Electricity = $1,154.18. Utilities are easily separateds.
Location
State VT
County Vt-washington
Area Vt-Washington
Zoning Res B
Rooms
Basement Entrance Walk-up
Interior
Heating Gas - LP/Bottle
Cooling None
Flooring Softwood
Exterior
Utilities Available Cable,Gas - LP/Bottle,Multi Phone Lines,Satellite,Telephone Available,Phone
Roof Type Metal
Building
Story 2
Foundation Concrete
Sewer Public
Schools
Elementary Schools Northfield Elementary School
Middle Schools Northfield Middle High School
High Schools Northfield High School
School District Northfield School District