485 Jersey Heights Road
Morristown, VT 05661
$699,000
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… Read More 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. Read Less
Courtesy of Graham Mink, Mink Realty 802-505-6633
Listing Snapshot
Days Online
2
Last Updated
Lot Size
0.48 Acres
Year Built
1983
MLS Number
5090627
Additional Details
Basement
Basement: No
Building
Built in 1983, 1,344 total building sqft
Lot
20,909 sqft, 0.48 acres
Property
Flood Zone: No, Current Use: No, Road Frontage: Yes, Seasonal: No, 10 total units
Roof
Asphalt Shingle
Sewer
Public
Taxes
Tax - Gross Amount: $5,284
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Nikolas Amicone
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