156 Main Street Ludlow VT Multi Family For Sale $1690000

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156 Main Street Ludlow VT
Listed by John Napier TPW Real Estate

Description:

In the heart of the ever-popular Ludlow, Vermont, sits an 11,409 square foot commercial building with 7,566 square feet of finished space. Built in 1990, it is situated in a prime location on Main Street in the center of the village providing it with excellent visibility, walkability, and proximity to Ludlow's charming boutiques and local dining. It is full of investment possibilities with seven apartments and two commercial spaces. The two commercial spaces are located on the first floor overlooking Main Street, with flexibility to convert to one large unit. There are 3 two-bedroom apartments and 4 one-bedroom apartments. Each apartment has a furnished kitchen and a full bathroom. The property itself has been well maintained and has a complete fire suppression sprinkler system. There is ample parking, with an onsite parking lot for 15 vehicles as well as on-street parking. The building's exterior is vinyl-sided with wood trim and the windows are double pane. This property definitely has income potential when fully leased at market rents, including a previously occupied commercial space at approximately $40,000 annually. The property is projected to support gross income of approximately $150,000. This presents a clear lease-up and value-add opportunity for a new owner to stabilize operations and unlock the asset's full income potential. This is an investor's dream as it sits minutes from Vail-owned Okemo Mountain Resort, which offers year-round recreation, Fox Run Golf Course, and a number of lakes for boating, swimming and fishing. Located in Southern Vermont, Ludlow is easily accessible from major Northeastern cities. This property offers a turn-key chance to become a part of one of Vermont's most desirable communities. It is a must see! Operating Expenses : Heat,Insurance,Maintenance,Snow Removal,Water/Sewer

Annual Expenses

Taxes: $13,821

Income

Appliances : Domestic Water Heater | Water Heater off Boiler

Unit Information:

UNIT 1

Beds: 2
Baths: 1
Rooms: 4
Sq.Ft.: 685
Level: 1
Info : CO Detector,Dishwasher,Oil Heat,Heat Included,Hot Water,Electric Range,Refrigerator,Smoke Detector,Storage
Tenant Pays : Electric,Internet Service
Lease Term : Month to Month
Signed Lease : Yes
Status : Leased

UNIT 2

Beds: 1
Baths: 1
Rooms: 3
Sq.Ft.: 550
Level: 1
Info : CO Detector,Dishwasher,Oil Heat,Heat Included,Hot Water,Electric Range,Refrigerator,Smoke Detector,Storage
Tenant Pays : Electric,Internet Service
Lease Term : Month to Month
Signed Lease : Yes

UNIT 3

Beds: 2
Baths: 1
Rooms: 4
Sq.Ft.: 665
Level: 2
Style : C-two bedroom unit 2nd fl
Info : CO Detector,Dishwasher,Oil Heat,Heat Included,Hot Water,Electric Range,Refrigerator,Smoke Detector,Storage
Tenant Pays : Electric,Internet Service
Lease Term : Other
Signed Lease : No
Status : Vacant

UNIT 4

Beds: 1
Baths: 1
Rooms: 3
Sq.Ft.: 500
Level: 2
Info : CO Detector,Dishwasher,Oil Heat,Heat Included,Hot Water,Electric Range,Refrigerator,Smoke Detector,Storage
Tenant Pays : Electric,Internet Service
Lease Term : Month to Month
Status : Leased

UNIT 5

Beds: 1
Baths: 1
Rooms: 3
Sq.Ft.: 510
Level: 2
Info : CO Detector,Dishwasher,Oil Heat,Heat Included,Hot Water,Electric Range,Refrigerator,Smoke Detector,Storage
Signed Lease : No

UNIT 6

Beds: 1
Baths: 1
Rooms: 3
Sq.Ft.: 510
Style : F-one bedroom unit 2nd fl
Info : CO Detector,Dishwasher,Oil Heat,Heat Included,Hot Water,Electric Range,Refrigerator,Smoke Detector,Storage
Lease Term : Month to Month
Signed Lease : Yes
Status : Leased

UNIT 7

Beds: 2
Baths: 1
Sq.Ft.: 740
Info : CO Detector,Dishwasher,Oil Heat,Heat Included,Hot Water,Electric Range,Refrigerator,Smoke Detector,Storage
Tenant Pays : Electric,Internet Service

Construction Information:

Roof: Bitumen | Membrane
Seasonal: No

Heating: Oil | Baseboard | Hot Water | Multi Zone
Cooling: None
Electric: 100 Amp Service | 200+ Amp Service
Trash: Tenant
Utilities: Cable Available | Telephone Available
Electric Meters: 10
Water: Public Water On-Site
Sewer: Public Sewer On-Site

Additional Information

Taxes $13,821
Assesed Value Not Reported

Schools

565 Maple Street, White River Junction, Vermont. 05001 802-295-1355
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