Properties Near 371 River Street Montpelier, VT

Tax bill dropped almost $3k this tax year! Unique property with many possibilities. It has an amazing 300 ft of road frontage and exposure. Live in the home and have the storage units pay your expenses. Or rent the house to tenants or a business to add to the income from the storage units. This property just went through a change of use permit (attached) from Commercial to Residential zoning. The very well maintained 1934 three-bedroom, one bathroom cape home has been getting $3,600./month with all utilities included for three tenants paying weekly. The home has been an office building for several businesses in the past. The home has hardwood floors, a main floor bedroom, living room, mud room, den, dining room, closet with stackable laundry unit, kitchen with back door access and an updated bathroom. The house does not have direct entry to the basement that is accessed by a private locked door in the lower parking area of the circular paved driveway. There are 4 inside locked storage units in the basement that bring in $240/month total. Next to the house, there are 11 storage units in a single building and they are of varying sizes. That building currently generates $755/month. All units are likely to be charging under market rates, but there are many long term renters.

Available for quick possession! Ideal Berlin property for a home occupation! High visibility location on a major State Highway part way between the Capital City of Montpelier, and Barre, with easy access to I-89. Historically used as office space on both ground level and walk-out basement. Upper two floor have been used both as additional office space but currently set up as a 6-room, 1-BR living quarters with refurbished 3/4 bath, French doors, natural trim, and recent range/oven and microwave. Plenty of good storage. Twelve parking spaces, with 3 protected spaces under a large canopy/carport. Surveyed acreage. Abutting property to the west has a right of way through parking lot as an alternative access. Completed elevation certificate shows structure is not in the Special flood hazard area. Letter of map amendment attached to listing. Elevation certificate also available. Currently permitted as Office space in Mixed Use zoning district, which does allow for single and multi-family use, as a conditional use, which would require a fairly-straightforward change of use permit.