53 North St, Montpelier, VT 05602

Description

A rare offering: a well-maintained 3-unit apartment building situated close to downtown Montpelier, the middle school, the library, and all the amenities the capital city has to offer. This property is not located in a flood plain. A versatile property that suits a wide range of buyers. Investors will appreciate the strong income potential of three established units. Option to occupy one unit while rental income from the others offsets the mortgage. The layout also lends itself beautifully to multi-generational living, allowing independent living spaces under one roof. One unit is currently vacant, offering immediate flexibility for an owner-occupant or a new tenant at market rent. The building has been carefully maintained throughout. A beautiful front porch graces the home, and Unit 1 enjoys its own private covered porch. Ample storage adds practicality and convenience for owners and tenants alike. Located in a fantastic neighborhood with convenient access to shops, restaurants, schools, and downtown, this property combines solid condition, an exceptional location, and built-in flexibility - a combination that rarely comes to market.