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Listed by Ray Mikus of Green Light Real Estate
Picture perfect three unit building on iconic Central Street is ready for its new owner. Each unit is three bedrooms, townhouse style, and the tenants pay their own utilities. That's right--tenants pay heat, electricity, hot water, and even their water/sewer. Makes it really easy to keep track of the finances! The front two units have hardwood floors, and an easy layout. Each has its own basement for storage. One unit has the laundry in its basement, the other has it in a first floor mudroom. The back unit was added after the original construction, and has a different, more modern feel. Unit B(the back unit is Unit B) has three bedrooms, and a nice open upstairs featuring a large living room with a double facing brick fireplace, and an eat-in kitchen. This back unit also has a large, private back deck, great basement storage, and a carport. Overall, the building is in very good condition, including vinyl siding, brand new roof, and systems that are in good condition. At present, since the owner doesn't pay utilities, the net operating income is more than $22,000, and there could easily be room to improve those numbers. This solid investment or owner-occupant property is conveniently located on desirable Central Street, between Norwich University and the Common, and near schools and recreation. Easy access to Montpelier and 89. These units are always in HIGH demand.

Property Details of 161 Central Street

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Copyright 2021 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the IDX Program of NEREN. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated July 29, 2021.

 

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