1115 Route 4a West Castleton, VT
$287,500
Baths 3
Square Footage 6,884
Acres 2.02
Description
Discover an exceptional investment opportunity with this versatile 4-unit multiuse building. This property features a strategic mix of two spacious offices and 2 two-bedroom open-concept apartments, providing a diverse range of potential income streams. Unlock the full potential of this property with the possibility to convert the existing office space into additional apartments, enhancing rental income and maximizing return on investment. The finished space in the basement offers even more possibilities, whether utilized as a studio, office, or transformed into an extra apartment. 1.21 acres of the property are leased to the Town of Castleton through June of 2086 for an annual amount of $1. The purpose of this lease is for a community recreation area, no structures may be built on the property. Don't miss the chance to own a property that not only offers immediate revenue but also provides strategic options for future growth. Call today to schedule a viewing and explore the endless possibilities this multiuse building presents. Building is on the National Register of Historic Places.
Listed by Casella Real Estate, Hughes Group Team
Details
MLS 4974336
Price $287,500
Status Active
DOM 428 days
Type Multi-Family
Style Other
Total Baths 3 full baths
Square Feet 6,884 sqft
Lot Size 2.02 acres
Year Built 1890
Taxes Paid $7,330
Lot & Building Features
Appliances Water Heater – Electric
Utilities Other
Construction Wood Frame, Wood Siding
Cooling Central AC
Heating Baseboard, Oil, Hot Water, Forced Air
Sewer Public
Tax Year 2023
Taxes Paid $7,330
Water Drilled Well
Basement Description Partially Finished
Foundation Stone
Lot Description Level
Roof Slate
Garage No
Map
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Financing
$
6.75%
$
$
$
per month
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This calculator only provides an estimate.