45 Court Street
Middlebury, VT 05753
$697,000
Price
5
Beds
3
Baths
3,120 Sq. Ft.
$223 / Sq. Ft.
3,120
Sq. Ft.
$223
per Sq. Ft.
Description
Collect $5840 per month from fully leased apartments ! Historic Victorian Multifamily Home in Downtown Middlebury, VT Discover a piece of history with this charming Victorian multifamily home, built in 1840, located in the heart of downtown Middlebury. This well-maintained property features three distinct units: a 1-bedroom and a 2-bedroom on the ground level, and a spacious 2-bedroom with large bonus rooms on the upper floors. All apartments are fully leased with quality tenants generating $5840...Collect $5840 per month from fully leased apartments ! Historic Victorian Multifamily Home in Downtown Middlebury, VT Discover a piece of history with this charming Victorian multifamily home, built in 1840, located in the heart of downtown Middlebury. This well-maintained property features three distinct units: a 1-bedroom and a 2-bedroom on the ground level, and a spacious 2-bedroom with large bonus rooms on the upper floors. All apartments are fully leased with quality tenants generating $5840 income per month. All tenants have an on time payment history. Property Highlights Investment Opportunity: This property offers a solid return on investment in a high-demand rental market. Recent Upgrades: Enjoy modern living with renovated lower-level apartments with open concept designs, blending contemporary comfort with historic charm. Prime Location: Situated within walking distance to local shops, restaurants, and cultural attractions, making it highly desirable for tenants. Well-Maintained: The property has been carefully maintained to preserve its historic character while incorporating modern amenities. This is a rare opportunity to own a historic gem in Middlebury, offering both stability and growth potential. Don't miss out on this exceptional investment in a vibrant community. For more information or to schedule a viewing, contact us today!
- Listed by Deborah Fortier • KW Vermont
Property Details for 45 Court Street
Parking
Driveway, On-Site, Parking Spaces 5, Paved
Water ViewNo
Waterfront PropertyNo
ZoningGC-General Comm
LISTING UPDATED: 11/01/2024 02:33 PM
Property Details for 45 Court Street
| Status | Active |
|---|---|
| MLS # | 4999633 |
| Days on Market | 167 |
| Taxes | $7,039 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi Family |
| Year Built | 1840 |
| Lot Size | 0.20 AC / 8,712 SF |
| County | Addison County |
Building Information for 45 Court Street
Stories2Residences3Year Built1840Building Size-Lot Size0.20 AC / 8,712 SF
Property Information for 45 Court Street
Summary
Location and General Information
- Area Description: Business District, Commercial Zoning, In Town, Near Shopping, Near Public Transportatn, Near Hospital
- City: Middlebury
- County: VT-Addison
- Directions: On the East side of US Rt7 (Court St) just north of the Sunoco station.
- Latitude: 44.010711134866504
- Longitude: -73.163108728836065
- Road Frontage: Yes
- Seasonal: No
- State: VT
- Street Designation: Street
- Map: 25:17
- Zip Code: 05753
Taxes and HOA Information
- SPAN Number: 387-120-10420
- Tax Year: 2024
- Taxes TBD: No
School Information
- School - High: Middlebury Senior UHSD #3
- School - District: Addison Central
- School - Elementary: Middlebury ID #4 School
- School - Middle/Jr: Middlebury Union Middle #3
Parking
- Garage: No
- Driveway: Gravel
Property
Lot Information
- Lot - Sqft: 8712.0
- Lot Features: Landscaped, Level, Major Road Frontage, Sidewalks
- Lot Size Acres: 0.2
- Road Frontage Length: 82.0
- Square Feet Apx Finished Above Grade: 3120.0
- Square Feet Apx Finished AG Source: Measured
- Square Feet Apx Finished Below Grade: 0.0
- Square Feet Apx Finished BG Source: Public Records
- Square Feet Apx Total: 4368.0
- Square Feet Apx Total Finished: 3120.0
- Square Feet Apx Unfinished Above Grade: 0.0
- Square Feet Apx Unfinished AG Source: Measured
- Square Feet Apx Unfinished Below Grade: 1248.0
- Square Feet Apx Unfinished BG Source: Public Records
- Water Body Access: No
Property and Assessments
- Current Use: No
- Property Class: Multi-Family
- Construction Status: Existing
- Easements: Yes
- Flood Zone: No
- Foundation: Stone
- PreConstruction: No
- ROW - Length: 175
- ROW - Parcel Access: Yes
- ROW - Width: 10
- ROW to other Parcel: Yes
- Surveyed: Unknown
- Year Built: 1840
Utilities
- Electric Company: GMP
- Cable Company: Comcast(xfinity)
- Fuel Company: Vermont Gas
- Electric: 100 Amp
- Sewer: Public
- Water Source: Public
- Utilities: Cable, Gas - On-Site, Underground Utilities
- Total Gas Meters: 1
- Total Electric Meters: 1
- Separate Utilities: No
- Internet: High Speed Intrnt -Avail, Internet - Cable
Interior and Exterior Features
Exterior Features
- Color: Blue
- Construction Materials: Clapboard Exterior, Wood Exterior
- Features - Exterior: Deck, Porch - Covered
- Roads: Paved, Public
- Roof: Shingle - Asphalt, Slate
- Total Ranges: 3
Interior Features
- Appliances: Water Heater – Off Boiler
- Basement: Yes
- Basement Access Type: Interior
- Basement Description: Concrete Floor, Dirt, No Tenant Access, Stairs - Interior, Sump Pump, Unfinished, Interior Access
- Total Full Baths: 3
- Flooring: Carpet, Combination, Laminate, Softwood, Vinyl
- Heat Fuel: Electric, Gas - Natural
- Heating: Baseboard, Floor Furnace, Heat Pump, Hot Water, Multi Zone
- Cooling: Mini Split
- Total Refrigerators: 3
- Total Rooms Above Ground: 16
- Total Stories: 2.5
- Total Water Heaters: 1
- Trash: Owner, Recycle
Multi Family
Income & Expenses Information
- Gross Income: $64,680.00
- Net Income: $44,586.00
- Operating Expense Incl: Heat, Insurance, Maintenance, Other, Sewer, Snow Removal, Trash, Utilities, Water/Sewer
- Operating Expense: $20,093
Multi-Family Information
- Total Units: 3
- Total 1 BR Units: 1
- Total 2 BR Units: 2
- Total 3+ BR Units: 0
- Total Heat Units: 3
Unit Information
Unit 1
- Unit 1 Style: Two bedroom rental
- Unit 1 Baths: 1
- Unit 1 Bedrooms: 2
- Unit 1 Lease Term: Annual
- Unit 1 Level Number: 1
- Unit 1 Rental Amt Freq: Monthly
- Unit 1 Status: Leased
- Unit 1 Apx Sqft: 759.0
- Unit 1 Rooms: 5
- Unit 1 Rental Amount: $1,950.00
- Unit 1 Tenant Pays: TV Service
- Unit 1 Info: Air Conditioner, Appliances Included, CO Detector, Deck, Dishwasher, Dryer, Heat - Natural Gas, Heat Included, Hot Water, Kitchen Island, Laundry Hookup, Microwave, Mudroom, Porch, Range - Electric, Refrigerator, Smoke Detector, Washer
Unit 2
- Unit 2 Lease Term: Month to Month
- Unit 2 Style: One bedroom rental
- Unit 2 Baths: 1
- Unit 2 Rooms: 4
- Unit 2 Status: Leased
- Unit 2 Level Number: 1
- Unit 2 Rental Amt Freq: Monthly
- Unit 2 Apx Sqft: 741.0
- Unit 2 Bedrooms: 1
- Unit 2 Rental Amount: $1,490.00
- Unit 2 Info: Air Conditioner, Appliances Included, Deck, Dryer, Heat - Natural Gas, Heat Included, Hot Water, Kitchen Island, Laundry Hookup, Microwave, Mudroom, Porch, Range - Electric, Refrigerator, Smoke Detector, Washer, Water Heater
- Unit 2 Tenant Pays: TV Service
Unit 3
- Unit 3 Lease Term: Annual
- Unit 3 Baths: 1
- Unit 3 Rooms: 6
- Unit 3 Level Number: 2
- Unit 3 Rental Amt Freq: Monthly
- Unit 3 Status: Leased
- Unit 3 Style: Two bedrooms with Bonus Room
- Unit 3 Apx Sqft: 1595.0
- Unit 3 Bedrooms: 2
- Unit 3 Rental Amount: $2,400.00
- Unit 3 Info: Appliances Included, CO Detector, Deck, Dishwasher, Dryer, Heat - Natural Gas, Heat Included, Hot Water, Laundry Hookup, Microwave, Range - Gas, Refrigerator, Smoke Detector, Washer, Water Heater
- Unit 3 Tenant Pays: TV Service
Rental
Rent Information
- Total Leases: 3
Property History for 45 Court Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 45 Court Street
Taxable ValueLand$76,800Additions$202,400Total$279,200
Tax Record2022$6,681 ($557 / month)
Home Facts
Beds2Baths2Total Finished SqFt2,702 SqFtAbove Grade Finished SqFt2,702 SqFtLot Size8,712 SqFtStyleSingle Family ResidenceYear Built1840CountyADDISONAPN(120) 025017.000
Schools near 45 Court Street
This home is within Addison Central Unified School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Private - | 8 to 12 |
Rating | School | Distance |
|---|---|---|
Middlebury Id #4 School PublicPK to 5 | ||
Middlebury Union Middle School Public6 to 8 | ||
Middlebury Senior Uhsd #3 Public9 to 12 | ||
The Gailer School Private8 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
Similar Homes
Sorry, we can't find any similar homes at this time. Please check back later.
Similar Sold Homes
Sorry, we can't find any similar sold homes at this time. Please check back later.
Homes for Sale near Middlebury Center
Neighborhoods
Cities
No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of KW Vermont
Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 11/22/2024 07:59 AM
