2337 VT Route 7
Middlebury, VT 05753
$549,000
Here is a delightful opportunity to own a simply versatile property that has been carefully updated over the years. What started as a single family home has been beautifully transformed to this multi-use property. The larger section of the property includes 5 privately rented office spaces that share a conference… Read More room and a reception area as well as a full bath and small kitchenette. The total rent for these office spaces brings in over $2000 and could be even more if rents were adjusted for market rates. There are two furnished studio apartments, one on each level. The 1st floor apartment is currently rented for $1150/month and is heated with both a Rinnai heater and a heated and cooled with a heat pump. It includes a dishwasher, electric stove, stacked laundry and a 3/4 bath. This unit shares a door with one of the aforementioned office spaces so it's possible you could capture that room for this apartment space. The second floor unit is a true studio space with a Rinnai heater, heat pump, electric stove, fridge and 3/4 bath and rents for $1400/month. There is additional income potential - rent the 2 bay garage or add that space to one of the apartment rentals and increase the rent. The property is landscaped and has an existing sign for business name display. The parking surface is paved and this property is very tidy! Read Less
Courtesy of Amey Ryan, IPJ Real Estate Cell: 802-989-8156
Listing Snapshot
Days Online
5
Last Updated
Lot Size
0.48 Acres
Year Built
1900
MLS Number
5089983
Additional Details
Property Access
State Highway, Paved
Basement
Basement: Yes, Basement Access Type: Interior, Bulkhead, Concrete Floor, Crawl Space, Dirt Floor, Full, Sump Pump, Exterior Access
Building
Built in 1900, 1,960 total building sqft
Cooling
Mini Split
Heating
Heating: Electric, Forced Air, Heat Pump, Hot Air, Wall Furnace, Natural Gas
Income
Gross Income: $49,500
Lot
20,909 sqft, 0.48 acres
Property
Flood Zone: No, Road Frontage Length: 180, Road Frontage: Yes, Seasonal: No, 3 total units
Roof
Corrugated, Other, Asphalt Shingle
Sewer
1000 Gallon, Concrete, Leach Field, On-Site Septic Exists, Private, Septic
Taxes
Tax Year: 2025-2026, Tax - Gross Amount: $6,616
Utilities
Gas - Natural Available: Yes, Electric: 200+ Amp Service, Circuit Breaker(s)
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