31 Granite St, Barre, VT 05641

Description

This is not just a duplex; this is a Cash Flow property! This is one of the most affordable ways to own a cash-flowing duplex in Central Vermont, with major flood mitigation already done for you. Key Updates and Features include, New Roof (2020): The property features a new roof installed in 2020 with a standard guarantee on shingles, ensuring long-term durability and protection against the elements. New Windows (2022): All living spaces in both the upstairs and downstairs units have new windows installed in 2022, providing improved energy efficiency, natural light, and modern aesthetics. Flood Resistant Utility Room & Mechanical Upgrades (2023): In response to the 2023 flood, the utility room was added above flood stage. Significant upgrades include new electrical panels, a new furnace boiler, and a new hot water heater for the upstairs apartment is now conveniently located in the utility room for added safety and accessibility. Downstairs Apartment Renovations (2023): Kitchen: New cupboards, stove, and dishwasher installed in 2023 for a modern cooking experience. Laundry: Washer and dryer included; the washer is brand new, while the dryer is secondhand. Bedrooms: Two bedrooms with closets offer ample storage, plus one large room currently used as a bedroom (without a closet). Upstairs Apartment Improvements: Newly installed shower in 2023 for added comfort. Seller has gotten a flood estimate! An owner-occupied duplex will run, on average, approximately $1,200/year. If the duplex is purely an investment property and will be fully rented, rates are a bit higher, estimating around $1,600-$1,800/year range.