Milton, VT 05468,349 Route 7 South
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Milton, VT 05468,349 Route 7 South
Milton, VT 05468,349 Route 7 South
Milton, VT 05468,349 Route 7 South
Milton, VT 05468,349 Route 7 South
Listed by The Signature Realty Group • Signature Properties of Vermont
Bought with Warren Palm • BHHS Vermont Realty Group/S Burlington

$10,500,000

Est. payment /mo

$12,000,000

12.5%
Est.Price: ?

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349 Route 7 South Milton, VT 05468

16.95 Acres Lot

SOLD DATE : 08/01/2024

Key Details

Sold Price $10,500,000

Property Type Commercial

Sub Type Development,Investment,Multi-Family,Opportunity

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 4975008

Sold Date 08/01/24

Annual Tax Amount $160,246

Tax Year 2023

Lot Size 16.950 Acres

Acres 16.95

Property Description

Incredible Investment Opportunity - 58 Townhouse Units! Welcome to a game-changing investment portfolio that's about to redefine your real estate journey! This property is a goldmine, featuring 58 townhouse units, each designed for maximum comfort and convenience. Of these 58 units, 40 are thoughtfully laid out as spacious 3-bedroom, 2.5 bath homes, providing ample space for families and professionals alike. The remaining 18 units offer a 2-bedroom, 2.5 bath layout, catering to various lifestyle preferences. Every unit has an unfinished full basement, garages for secure parking, and washer/dryer hook-ups for convenience. Moreover, all utilities are separately metered, ensuring simplicity in management and added value for tenants & landlords. One of the standout features of this investment is its condo minimized development, allowing for each unit to be sold individually if desired. This flexibility opens up incredible possibilities for any real estate investor. Whether you choose to rent out these units for a steady stream of passive income or sell them individually to maximize returns, the choice is yours. Priced at approximately $200,000 per unit, this portfolio offers substantial upside potential for investors. The demand for affordable housing in this area is ever-growing, making this an opportunity you won't want to miss. Seize the moment, secure your future, and turn your real estate dreams into reality with this exceptional investment portfolio!

Location

State VT

County Vt-chittenden

Area Vt-Chittenden

Zoning Mixed

Rooms

Basement Entrance Interior

Basement Full, Stairs - Interior, Unfinished

Interior

Heating Gas - Natural

Cooling None

Exterior

Garage Assigned, Garage, On-Site, Other, Paved, Visitor

Garage Description Assigned, Garage, On-Site, Other, Paved, Visitor

Utilities Available Cable

Roof Type Shingle - Architectural

Building

Foundation Poured Concrete

Sewer Public

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PrimeMLS

Corina Cisneros

Broker Associate/ Owner | License ID: 069247

+1(603) 273-6160

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