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Listed by Amey M Ryan • IPJ Real Estate • Cell: 802-989-8156
$549,000
Est. payment /mo
0.48 Acres Lot
New
2337 VT Route 7 Middlebury, VT 05753
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 5089983
Year Built 1900
Annual Tax Amount $6,615
Tax Year 2025
Lot Size 0.480 Acres
Acres 0.48
Property Description
Here is a delightful opportunity to own a simply versatile property that has been carefully updated over the years. What started as a single family home has been beautifully transformed to this multi-use property. The larger section of the property includes 5 privately rented office spaces that share a conference room and a reception area as well as a full bath and small kitchenette. The total rent for these office spaces brings in over $2000 and could be even more if rents were adjusted for market rates. There are two furnished studio apartments, one on each level. The 1st floor apartment is currently rented for $1150/month and is heated with both a Rinnai heater and a heated and cooled with a heat pump. It includes a dishwasher, electric stove, stacked laundry and a 3/4 bath. This unit shares a door with one of the aforementioned office spaces so it's possible you could "capture" that room for this apartment space. The second floor unit is a true studio space with a Rinnai heater, heat pump, electric stove, fridge and 3/4 bath and rents for $1400/month. There is additional income potential - rent the 2 bay garage or add that space to one of the apartment rentals and increase the rent. The property is landscaped and has an existing sign for business name display. The parking surface is paved and this property is very tidy!
Location
State VT
County Vt-addison
Area Vt-Addison
Zoning Agricultural Rural (AR)
Rooms
Basement Entrance Interior
Basement Bulkhead, Concrete Floor, Crawl Space, Dirt Floor, Full, Sump Pump, Exterior Access
Interior
Cooling Mini Split
Inclusions Land/Building, Other, Outbuilding
Exterior
Utilities Available Telephone at Site
Roof Type Corrugated,Other,Asphalt Shingle
Building
Sewer 1000 Gallon, Concrete, Leach Field, On-Site Septic Exists, Private, Septic
Others
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NEARBY SCHOOL & BUSINESS
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