Bought with Warren Palm with BHHS Vermont Realty Group/S Burlington and Listed by The Signature Realty Group with Signature Properties of Vermont 802-872-8881

Sold

349 Route 7 South

Milton VT, 05468

$10,500,000


Sold

58 Baths

Commercial

Incredible Investment Opportunity - 58 Townhouse Units! Welcome to a game-changing investment portfolio that's about to redefine your real estate journey! This property is a goldmine, featuring 58 townhouse units, each designed for maximum comfort and convenience. Of these 58 units, 40 are thoughtfully laid out as spacious 3-bedroom, 2.5 bath homes, providing ample space for families and professionals alike. The remaining 18 units offer a 2-bedroom, 2.5 bath layout, catering to various lifestyle preferences. Every unit has an unfinished full basement, garages for secure parking, and washer/dryer hook-ups for convenience. Moreover, all utilities are separately metered, ensuring simplicity in management and added value for tenants & landlords. One of the standout features of this investment is its condo minimized development, allowing for each unit to be sold individually if desired. This flexibility opens up incredible possibilities for any real estate investor. Whether you choose to rent out these units for a steady stream of passive income or sell them individually to maximize returns, the choice is yours. Priced at approximately $200,000 per unit, this portfolio offers substantial upside potential for investors. The demand for affordable housing in this area is ever-growing, making this an opportunity you won't want to miss. Seize the moment, secure your future, and turn your real estate dreams into reality with this exceptional investment portfolio!

4975008

MLS ID

October 20, 2023

Listed

November 25, 2024

Updated

Map

349 Route 7 South
Milton VT, 05468

Interior Features

Total Bathrooms

58


Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Baseboard, Hot Water, Multi Zone, Gas - Natural

Exterior/Building Features

Lot Size

16.95 Acres


Roof

Shingle - Architectural


Sewer

Public

Other Property Details

Area Name

VT-Chittenden


Taxes

$160,247


Tax Frequency

Annually


Days on Market

96


Garage

Yes


Parking

Assigned, Garage, On-Site, Other, Paved, Visitor


View

No


Pool

No

Listing History

Date

Event

Price

8/2/2024

Sold

$10,500,000

1/24/2024

Under contract

Bought with Warren Palm with BHHS Vermont Realty Group/S Burlington and Listed by The Signature Realty Group with Signature Properties of Vermont 802-872-8881

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