Properties Near 485 Jersey Heights Morristown, VT

485 Jersey Heights presents a rare, substantially shovel-ready residential investment opportunity in Morrisville. The property includes an existing 3-bedroom, 1-bath ranch-style single-family home plus approvals for a new 9-unit multifamily residential building on the rear portion of the property. The existing home offers immediate rental, owner-occupant, or interim income potential while the approved multifamily project is developed. The proposed rear building is approved for nine 1-bedroom residential units, creating a potential 10-unit residential property when combined with the existing single-family home. Zoning approval, state wastewater/potable water approval, subdivision/site documentation, and access-related permission/documentation are in place, subject to stated permit conditions. Site plan and permit package available for review. The property is located in Morristown’s High Density Residential district and offers a compelling opportunity for a builder, investor, or developer seeking an approved small multifamily project in a tight rental market. Total unit count reflects the existing single-family residence plus the approved/proposed 9-unit multifamily building; only the single-family residence currently exists. Buyer to perform due diligence regarding permits, plans, approvals, construction costs, utility connections, and all municipal/state requirements. Listing Broker is a member of the ownership LLC.

So much potential to explore in this village property in a high visibility location! This property with a footprint of 6000+/- sq ft is a fantastic investment opportunity, currently permitted for eight 2-BR units. You could potentially utilize the first floor as a home business and enjoy living space on the second floor- you couldn't ask for an easier commute! The first floor offers large open rooms, making for fantastic office space, and upstairs you will find 3 bedrooms, a full bath, and an open kitchen/living/dining area. The enclosed front porch and second floor deck are great outdoor spaces for unwinding in warm weather. The attached garage boasts plenty of storage room in the lofted area above, and could potentially be used as commercial space with proper permits in place. The paved parking lot fits 10+ vehicles- plenty of parking for tenants or business clients. Don't miss out on this remarkable chance to expand your business portfolio in a great location with municipal water & sewer!