365 Vermont Route 243 new Save Request In-Person Tour Request Virtual Tour
Troy,VT 05859
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,700 sqft
Price per Sqft $101
MLS Listing ID 5047387
Bedrooms 6
Full Baths 2
Construction Status Existing
Year Built 1930
Lot Size 0.570 Acres
Acres 0.57
Property Description
DUPLEX FOR SALE! 12 minutes from Jay Peak Resort. Perfect for owner occupied, investor, AirBnb / VRBO, or anyone looking to build equity. Pro-forma cap rate of ~7% (w/professional management) or ~8.3% (self-managed) - figures are projected only. In excellent shape and move-in-ready. Perched atop a hill with excellent curb appeal, this commanding 2-story duplex has side-by-side units with separate utilities, 2 generators, and a full basement. You won't find a more solid duplex in the area - built as a Custom's Building in the 1930's by the Federal Government and designed to survive harsh winters. Each unit is nearly identical in terms of footprint, style/finishes, and layout. Interior pics are from Unit 2. Each unit totals 2025 SF, featuring 1350 SF finished, and an unfinished 675 SF basement. On the main level is the kitchen, formal dining room, and large living room with wood fireplace. The 2nd floors each have 3 large bedrooms, a stylish full bathroom, and a big linen closet in the hallway. Floors are all hardwood with the exception of the kitchens, bathrooms, and basement. Basements are large and spacious with high ceilings - great for storage! Each unit has a covered deck. Most appliances are included in the sale (see "Items Excluded"). Tenant has lived in Unit 1 for 20 years and is currently on a friendly MTM lease to provide a buyer with flexibility. Tenant is open to signing a market-rate lease with the new owner. Wood fireplaces need unknown repairs to be functional.
Location
State VT
County Vt-orleans
Area Vt-Orleans
Zoning Village District (Troy)
Rooms
Basement Entrance Interior
Basement Bulkhead,Concrete,Concrete Floor,Daylight,Full,Stairs - Interior,Storage Space,Unfinished,Interior Access,Exterior Access,Stairs - Basement
Interior
Cooling None
Flooring Combination,Hardwood,Laminate,Tile
Exterior
Garage Description Driveway,Parking Spaces 1 - 10,Unpaved
Utilities Available Other,Phone
Roof Type Other,Shingle - Asphalt
Building
Story 2
Foundation Block,Concrete
Sewer Public
Architectural Style Colonial,Georgian
Construction Status Existing
Schools
Elementary Schools Troy School
Middle Schools North Country Junior High
High Schools North Country Union High Sch
School District Orleans Essex North