7 Winter Street
Montpelier, VT 05602
$795,000
Price
9
Beds
3
Baths
4,700 Sq. Ft.
$169 / Sq. Ft.
4,700
Sq. Ft.
$169
per Sq. Ft.
Description
Well maintained 7 Unit building in sought after "Meadows" neighborhood between downtown and Hubbard park. 9% cap rate with room for increases in rents makes this an attractive investment. Tenants pay heat and electricity. Entirely updated electrical and recent updates make this a low maintenance solid investment. Super easy to rent these great units with quick walk to downtown and Hubbard park, yet tucked away on a quiet street. Owner went through and updated each apartment in the building as they...Well maintained 7 Unit building in sought after "Meadows" neighborhood between downtown and Hubbard park. 9% cap rate with room for increases in rents makes this an attractive investment. Tenants pay heat and electricity. Entirely updated electrical and recent updates make this a low maintenance solid investment. Super easy to rent these great units with quick walk to downtown and Hubbard park, yet tucked away on a quiet street. Owner went through and updated each apartment in the building as they became available over the past 14 years. Every piece of electrical replaced in that period and most of the plumbing. Extra time and care was given to updates with an eye towards quality, low maintenance and longevity. Enormous parking area gives the tenants much sought after off street parking. More than 1 unblocked parking spot per bedroom with a back yard and front yard. All the roofs other than the very upper roof have been replaced. Insulation and weatherization have been improved throughout. Pride of ownership is evident throughout this multi family. Seller is also the listing agent, a licensed real estate agent in the state of Vermont. Extremely limited assisted showing windows available. Showings 1pm to 3pm on Friday 11/22 and Monday 11/25 12pm to 2pm. More showings may happen 1st week of December. Property is smoke free, and mostly pet free. No cats or dogs. Super low maintenance yet attractive siding. Make an appointment as this one won't last.
- Listed by JC Earle • EXP Realty • Cell: 802-485-9900
Property Details for 7 Winter Street
Zoning
Residential 3000
LISTING UPDATED: 11/20/2024 09:01 PM
Property Details for 7 Winter Street
| Status | Active |
|---|---|
| MLS # | 5022765 |
| Days on Market | 3 |
| Taxes | $14,835 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi Family |
| Year Built | 1878 |
| Lot Size | 0.25 AC / 10,890 SF |
| County | Washington County |
Building Information for 7 Winter Street
Stories3Residences7Year Built1878Building Size-Lot Size0.25 AC / 10,890 SF
Property Information for 7 Winter Street
Summary
Location and General Information
- City: Montpelier
- County: VT-Washington
- Directions: From Downtown Montpelier head north on Main St. Take the second exit from the round about onto Spring St. Cross the north branch of the Winooski and take your first right on Elm St. Take your first Left onto Winter St. and the building is the 4th on the right.
- Latitude: 44.265574158474671
- Longitude: -72.571250457672122
- Road Frontage: Yes
- Seasonal: No
- State: VT
- Street Designation: Street
- Zip Code: 05602
Taxes and HOA Information
- SPAN Number: 405-126-12237
- Tax Year: 2024
- Taxes TBD: No
School Information
- School - High: Montpelier High School
- School - District: Montpelier School District
- School - Elementary: Union Elementary School
- School - Middle/Jr: Main Street Middle School
Parking
- Garage: No
- Driveway: Gravel
Property
Lot Information
- Lot - Sqft: 10890.0
- Lot Features: City Lot, Level, Rental Complex, Sidewalks, In Town, Near Paths, Neighborhood, Near School(s)
- Lot Size Acres: 0.25
- Road Frontage Length: 50.0
- Square Feet Apx Finished Above Grade: 4700.0
- Square Feet Apx Finished AG Source: Assessor
- Square Feet Apx Finished Below Grade: 0.0
- Square Feet Apx Total: 5980.0
- Square Feet Apx Total Finished: 4700.0
- Square Feet Apx Unfinished Above Grade: 0.0
- Square Feet Apx Unfinished Below Grade: 1280.0
- Square Feet Apx Unfinished BG Source: Assessor
Property and Assessments
- Current Use: No
- Property Class: Multi-Family
- Construction Status: Existing
- Easements: No
- Flood Zone: Land Only
- Foundation: Fieldstone
- PreConstruction: No
- ROW - Parcel Access: No
- Surveyed: Yes
- Year Built: 1878
Utilities
- Electric Company: GMP
- Cable Company: Xfinity
- Fuel Company: Gillespie's
- Electric: Circuit Breaker(s)
- Sewer: Public
- Water Source: Public
- Utilities: Cable, Gas - LP/Bottle, Multi Phone Lines, Telephone Available
- Separate Utilities: Yes
- Internet: Fiber Optic Internt Avail, Internet - Cable
Interior and Exterior Features
Exterior Features
- Construction Materials: Wood Frame
- Roof: Corrugated, Membrane, Shingle - Asphalt
Interior Features
- Basement: Yes
- Basement Access Type: Walk-up
- Basement Description: Concrete Floor, Unfinished
- Total Full Baths: 3
- Heating: Propane, Baseboard, Forced Air, Gas Heater, Wall Furnace
- Cooling: None
- Total Rooms Above Ground: 26
- Total Stories: 3
Multi Family
Income & Expenses Information
- Gross Income: $93,000.00
- Net Income: $72,195.00
- Operating Expense Incl: Insurance, Snow Removal, Trash, Utilities, Water/Sewer
- Operating Expense: $6,370
Multi-Family Information
- Total Units: 7
- Total 1 BR Units: 5
- Total 2 BR Units: 2
- Total 3+ BR Units: 0
Unit Information
Unit 1
- Unit 1 Baths: 1
- Unit 1 Bedrooms: 1
- Unit 1 Level Number: 1
- Unit 1 Rental Amt Freq: Monthly
- Unit 1 Status: Month to Month
- Unit 1 Rooms: 3
- Unit 1 Rental Amount: $970.00
- Unit 1 Tenant Pays: Electric, Heat
Unit 2
- Unit 2 Lease Term: Month to Month
- Unit 2 Baths: 1
- Unit 2 Rooms: 3
- Unit 2 Status: Leased
- Unit 2 Level Number: 1&2
- Unit 2 Rental Amt Freq: Monthly
- Unit 2 Bedrooms: 1
- Unit 2 Rental Amount: $1,130.00
- Unit 2 Tenant Pays: Electric, Heat
Unit 3
- Unit 3 Baths: 1
- Unit 3 Rooms: 4
- Unit 3 Level Number: 1
- Unit 3 Rental Amt Freq: Monthly
- Unit 3 Status: Leased
- Unit 3 Bedrooms: 2
- Unit 3 Rental Amount: $1,225.00
- Unit 3 Tenant Pays: Electric, Heat
Unit 4
- Unit 4 Lease Term: Annual
- Unit 4 Level Number: 1
- Unit 4 Rental Amt Freq: Monthly
- Unit 4 Rooms: 5
- Unit 4 Baths: 1
- Unit 4 Bedrooms: 1
- Unit 4 Status: Leased
- Unit 4 Rental Amount: $1,075.00
- Unit 4 Tenant Pays: Electric, Heat
Unit 5
- Unit 5 Rental Agreement: Yes
- Unit 5 Level Number: 2
- Unit 5 Rental Amt Freq: Monthly
- Unit 5 Status: Leased
- Unit 5 Baths: 1
- Unit 5 Bedrooms: 1
- Unit 5 Rooms: 4
- Unit 5 Rental Amount: $975.00
- Unit 5 Tenant Pays: Electric, Heat
Unit 6
- Unit 6 Rental Agreement: Yes
- Unit 6 Level Number: 2
- Unit 6 Baths: 1
- Unit 6 Bedrooms: 1
- Unit 6 Rooms: 5
- Unit 6 Rental Amt Freq: Monthly
- Unit 6 Rental Amount: $990.00
- Unit 6 Tenant Pays: Electric, Heat
Unit 7
- Unit 7 Bedrooms: 2
- Unit 7 Rooms: 6
- Unit 7 Baths: 1
- Unit 7 Rental Agreement: Yes
- Unit 7 Level Number: 3
- Unit 7 Rental Amt Freq: Monthly
- Unit 7 Rental Amount: $1,385.00
- Unit 7 Tenant Pays: Electric, Heat
Rental
Rent Information
- Total Leases: 7
Property History for 7 Winter 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 7 Winter Street
Taxable ValueLand$124,000Additions$489,600Total$613,600
Tax Record2021$8,964 ($747 / month)
Home Facts
Baths8.5Total Finished SqFt4,700 SqFtAbove Grade Finished SqFt4,700 SqFtStories3Lot Size10,890 SqFtStyleMulti-Family Res (5+ Units)Year Built1878CountyWASHINGTONAPN(126) 171007000
Schools near 7 Winter Street
This home is within Montpelier Roxbury Unified Union School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 4 | |||
| Public - | PK to 4 | |||
| Public - | 5 to 8 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Union Elementary School PublicPK to 4 | ||
Roxbury Village School PublicPK to 4 | ||
Main Street School Public5 to 8 | ||
Montpelier High School Public9 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.
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Listing Courtesy of EXP Realty
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 11/24/2024 04:03 AM
