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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