Investors take note - you don’t want to miss out on this unique opportunity. Built in 1783, this former farmhouse has been reconfigured and modernized to create seven bright, comfortable apartments with charming touches from the original farmhouse, like exposed beams. There are four 2-bedroom apartments and three 1-bedroom apartments, ranging in size from 600 to 1,200 square feet, with separate electric and heat for each unit. Set on 16+ country acres, the grounds are beautifully landscaped, with vegetable garden space available to tenants. With both residential and commercial zoning, the historic 50'x100', three-story post & beam barn could be transformed into a venue space, rented out as storage space, or designed for other uses, and there is further development potential for the land. The buildings sit on over 16 acres of mainly open land with lovely hay fields and pasture. Set your imagination free and imagine the possibilities. Located just minutes from I-91 and only 6 miles from North Country Hospital and downtown Newport, this location would be a draw for those working in the Derby/Newport area and beyond. Quality rentals are in high demand, and there is likely room to increase revenue given that rents have increased in recent years. Schedule an appointment today to come see this special property. One seller is a VT Licensed Real Estate Agent.
Listing courtesy of PRIME_MLS / Nicholas Maclure / Century 21 Farm & Forest
Last checked:
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Last updated Aug 30, 2023
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MLS# 4921106 —
The Building
Year Built:
1783
Pre-Construction:
No
Construction:
Wood Frame
Construction Status:
Existing
Style:
Farmhouse, Multi-Family, Multi-Level, Post and Beam
Take I-91 North to Exit 28 and turn right onto Route 5 and turn left at the 3-way stop sign. The property is about 2 miles on the right, as you head down the hill.
Latitude:
44.981054999999976
Longitude:
-72.110422728836056
The Property
Property Class:
Multi-Family
Seasonal:
No
Lot Description:
Country Setting, Farm, Farm - Horse/Animal, Field/Pasture, Hilly, Landscaped, Major Road Frontage, Mountain View, Open, Rolling, Stream, View
Lot SqFt:
712,642 Sqft
Lot Acres:
16 Sqft
Zoning:
Commercial & R2
Exterior Features:
Barn, Deck, Garden Space, Natural Shade, Other - See Remarks, Outbuilding, Storage
Driveway:
Circular, Gravel, Paved
Roads:
Paved, Public
Road Frontage:
Yes
Road Frontage Length:
300 Sqft
ROW - Parcel Access
No
Listing Agent
Contact info:
Office phone:
(802) 334-1200
Taxes
Tax Year:
2021
Taxes TBD:
No
Tax - Gross Amount:
$9,559.87
Beds
Bedrooms - Level 1:
1
Bedrooms - Level 3:
625
Bedrooms - Level 4:
6
Bedrooms - Basement:
3
Total 2 Bedroom Units:
4
Baths
Total Full Baths:
6
Full Baths Size:
0 Sqft
Three Quarter Baths:
6
Three Quarter Baths Size:
2 Sqft
Half Baths Size:
30 Sqft
Quarter Baths:
1
Unit 1 Baths:
2
Unit 2 Baths:
2
The Listing
Price Per SqFt:
129.55
Foreclosed/Bank-Owned/REO:
No
Heating & Cooling
Heating:
Baseboard, Direct Vent, Energy Star System, Forced Air, Hot Water, Individual, Monitor Type
Heat Fuel:
Gas - LP/Bottle, Oil
Total Heat Units:
7
Water Heater:
Off Boiler, Oil, On Demand, Owned, Tank
Fuel Company:
Fred's Energy
Utilities
Utilities:
Internet - Cable, Telephone At Site
Separate Utilities:
Yes
Sewer:
1500+ Gallon, Concrete, Leach Field, Leach Field - Mound, Mound, On-Site Septic Exists, Septic Design Available
GreatSchools scores are based on a scale from 1 to 10, where 10 is above average. The school service areas are not definitive and should only be used as guidance.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Sale history
Date
Event
Source
Price
% Change
12/23/22
Dec 23, 2022
Sold
PRIME_MLS
$740,000
-12.8%
10/13/22
Oct 13, 2022
Sold Subject To Contingencies
PRIME_MLS
$849,000
7/15/22
Jul 15, 2022
Listed / Active
PRIME_MLS
$849,000
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Multifamily
Sold
on 12/23/2022
$740,000
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Listing provided by broker:
Nicholas Maclure
Century 21 Farm & Forest
Listing Agents and Buyer’s Agents represent the two sides of a real estate transaction. As a Seller of a home, your Listing Agent represents your interests and will advise, consult and follow your instructions to sell your property at the best possible price and terms.
If you’re a Buyer, a Buyer’s Agent advises you throughout the transaction, helping you get the best deal and advocating for you. The Buyer’s Agent commission is also paid by the Seller, so the Buyer never sees a bill for their service.
Many first time Buyers believe they can work without a Buyer’s Agent and instead use the same agent as the Seller. When both Buyer and Seller use the same agent, known as “dual agency”, it can sometimes save on fees, but it also puts the agent in a conflict of interest, not fully representing either party.
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Listing Courtesy of: PRIME_MLS
and Century 21 Farm & Forest.
Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. 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.
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Last updated Aug 30, 2023
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