Bought with Trish Sawyer with New England Landmark Realty LTD and Listed by Tony Walton with New England Landmark Realty LTD 802-233-4107

Sold

55 South Main Street

Waterbury VT, 05676

$575,000


$144.69 per sqft

Sold

3,974 sqft

Commercial

Built in 1850

Discover a unique investment opportunity in the heart of Waterbury Main Street. This 3974 SQFT commercial property boasts six versatile units - two residential and four commercial business spaces, ensuring a diverse revenue stream. The property has an outstanding rental history, reflecting its desirability among tenants. Notably, it remained unaffected during the recent summer floods. The basement experienced water intrusion during Hurricane Irene. The building has central heating, with five units' separate electric meters. Residential spaces include a studio apartment and a single-bedroom unit, providing comfortable living quarters. The commercial spaces offer plentiful room for various businesses. Although the property may require some updates, this investment presents a unique opportunity for the new owner to enhance its value. Rents are currently priced under the market average. The property also provides generous parking and abundant storage space, adding further convenience for residential and commercial tenants. Income numbers are available upon request for those interested. This property is an exceptional opportunity to acquire a multi-use asset in a prime location.

4983284

MLS ID

January 26, 2024

Listed

April 26, 2024

Updated

Map

55 South Main Street
Waterbury VT, 05676

Interior Features

Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Baseboard, Hot Water, Multi Zone, Oil

Exterior/Building Features

Lot Size

0.53 Acres


Roof

Metal, Slate


Sewer

Metered

Other Property Details

Area Name

VT-Washington


Taxes

$9,125


Tax Frequency

Annually


Days on Market

1


Garage

No


Parking

Driveway, Off Street, Parking Spaces 6


View

No


Pool

No


Buyer Agency Compensation

3%

Listing History

Date

Event

Price

4/26/2024

Sold

$575,000

1/27/2024

Pending

Bought with Trish Sawyer with New England Landmark Realty LTD and Listed by Tony Walton with New England Landmark Realty LTD 802-233-4107

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