42 River Street Milton, VT

$439,000
Beds 5
Baths 2
Square Footage 2,107
Acres 1.46
Photo of 42 River Street Milton VT 05468




Description

Seize this exceptional opportunity to own a duplex in the heart of Milton Village, perfect for investors or those seeking an affordable owner-occupied property. Situated on a sprawling 1.46-acre lot, this property offers two units: a cozy 2-bedroom and a spacious 3-bedroom, both with solid rental income potential. The expansive backyard is a rare find, offering ample space for future development, whether you're considering adding more units or simply enhancing the outdoor living space. The property’s central location in Milton Village means you're close to local amenities, shops, and public transportation, making it highly desirable for tenants and owners alike. With good rental income and the potential for expansion, this property is not just a home but a strategic investment in a growing community. Whether you're looking to capitalize on the existing structure or explore development possibilities, this duplex offers versatility and value in a prime location. Don’t miss out on this rare chance to invest in Milton Village!


Listed by RE/MAX North Professionals, Darcy Handy

Details

MLS 5011604
Price $439,000
Status Active
DOM 109 days
Type Multi-Family
Style Duplex
Beds 5
Total Baths 2 full baths
Square Feet 2,107 sqft
Lot Size 1.46 acres
Year Built 1950
Taxes Paid $5,817

Lot & Building Features

Appliances Water Heater – Electric, Water Heater – Tank, Water Heater – Owned
Utilities Cable
Construction Vinyl Siding, Wood Frame
Cooling None
Heating Baseboard, Natural Gas
Sewer Public
Tax Year 2024
Taxes Paid $5,817
Water Drilled Well
Basement Description Bulkhead, Unfinished, Stairs - Exterior, Partial, Exterior Access, Crawl Space, Concrete Floor, Concrete
Foundation Block, Concrete
Lot Description Level, Wooded, Major Road Frontage
Roof Shingle - Asphalt
Features Exterior Deck
Garage No

Unit Features

Unit 1 Baths 1
Unit 1 Bedrooms 2
Unit 1 Lease Term Annual
Unit 1 Rental Agreement Yes
Unit 1 Rental Amount 1600.00
Unit 1 Rental Amt Freq Monthly
Unit 1 Status Leased
Unit 1 Tenant Pays Electric, Heat
Unit 2 Baths 2
Unit 2 Bedrooms 3
Unit 2 Rental Agreement No
Unit 2 Status Vacant

Schools

Elementary School Milton Elementary School
Junior High School Milton Jr High School
Senior High School Milton Senior High School

Multi-Family Home for Sale: 42 River Street, Milton, VT 05468

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Financing

$
20%
1.3252277904328%
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.


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