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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