Fantastic investment opportunity in an accessible Morrisville neighborhood! This well-maintained 3-unit apartment building offers steady income potential. The 3-story building offers a 1-BR unit on the 3rd floor and two 2-BR units on the 1st & 2nd floors. Each apartment has a blend of pine floors and carpeting. Some newer windows can be found throughout, as well as foam insulation and newer boiler. The laundry room is an added bonus for tenants, as well as the convenient location, which is ideally situated in a highly walkable area, close to schools, dining, shopping, and so much more. This property has been in the current owner's family for years and has a strong, proven rental history. In a central village neighborhood and with established tenancy, this property is a solid addition to anyone's portfolio.
Whether you're looking to grow your investment portfolio or offset your mortgage by living in one unit and renting the other, this well-maintained duplex offers exceptional flexibility in a convenient Morrisville location. Situated on a .20-acre corner lot at the intersection of Randolph Road and Laporte Road, the property is less than a half mile from downtown Morrisville with easy access to local shops, restaurants, outdoor recreation, and nearby ski resorts. The first-floor apartment offers warm hardwood floors, two bedrooms, a spacious kitchen, a full bathroom, and both a covered front porch and a screened back porch - perfect for enjoying Vermont's changing seasons. Upstairs, the bright three-bedroom apartment has been thoughtfully updated with new flooring, fresh paint, new kitchen appliances, and a sun-filled living room featuring skylights. A screened porch off one of the bedrooms creates an inviting space to unwind. Each unit includes a garage bay, with shared access to the driveway and backyard. Recent improvements, including a new oil tank, updated exterior doors, plumbing fixtures, and fresh paint, provide added peace of mind. With potential for future conversion to a four-unit property (subject to buyers/agents to do their own due diligence), this versatile property is full of possibilities. Less than 15 minutes to Stowe! Schedule your showing today and see everything this investment has to offer!
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