NOT LISTED FOR SALE

11 Mountain Commons Rd Mendon, VT 05701

3 Beds
10 Baths
10,900 Sq Ft
2.7 Acres

Last Sold September 30, 2021

Last sale price $512,500 $47 Per Sq Ft

8 Days on Market

Highlights

  • Ski Accessible
  • 2.7 Acre Lot
  • Wooded Lot
  • Barstow Memorial School Rated A-
  • Mountain View
  • 1 Car Detached Garage

About This Home

As of September 2021

10 Units on 2.7 Acres, Great income generator investment property, only 2 miles from Pico & Killington Ski areas, minutes to Rutland and shopping also, potential commercial store fronts, condominium resale, seasonal rentals or apartments, Perfect for someone to live in the ranch house and collect rents on the other 9 units as an income, Rents for UNTES 9 ( Ranch) is $1300 & unit 10 rent is $950 . NOI is $ 63,929 which includes professional management fee, 11.6 Cap rate Previous owner had delegated 4 units to Killington employees which can generate potentially more income. For More infromation Call Mike Kalil 802-342-8899 or email mike.kalilrealestate@gmail.com

Last Agent to Sell the Property

Mike Kalil

Watson Realty & Associates License #081.0095645 Listed on: 05/04/2021

Last Buyer's Agent

Mike Kalil

Watson Realty & Associates License #081.0095645 Listed on: 05/04/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,662

Year Built

  • Built in 1930

Lot Details

  • 2.7 Acre Lot
  • Lot Sloped Up
  • Wooded Lot

Parking

  • 1 Car Detached Garage
  • Gravel Driveway

Property Views

  • Mountain Views
  • Countryside Views

Home Design

  • Concrete Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Wood Siding
  • Vinyl Siding

Interior Spaces

  • 10 Full Bathrooms
  • 2-Story Property
  • Interior Basement Entry

Schools

  • Barstow Memorial Elementary And Middle School
  • Choice High School

Utilities

  • Baseboard Heating
  • Heating System Uses Gas
  • 200+ Amp Service
  • Dug Well
  • Electric Water Heater
  • Septic Tank
  • High Speed Internet
  • Phone Available

Community Details

Overview

  • 10 Units

Recreation

  • Trails
  • Ski Accessible

Building Details

  • Operating Expense $52,171
  • Gross Income $116,100
  • Net Operating Income $63,929

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,662

Year Built

Built in 1930

Lot Details

0

Parking

1

Listing Details

  • Status Detail: Closed
  • Style: Multi-Family
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 47.02
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 11900
  • Sq Ft - Apx Total Finished: 11900
  • Year Built: 1930
  • Remarks Public: 10 Units on 2.7 Acres, Great income generator investment property, only 2 miles from Pico & Killington Ski areas, minutes to Rutland and shopping also, potential commercial store fronts, condominium resale, seasonal rentals or apartments, Perfect for someone to live in the ranch house and collect rents on the other 9 units as an income, Rents for UNTES 9 ( Ranch) is $1300 & unit 10 rent is $950 . NOI is $ 63,929 which includes professional management fee, 11.6 Cap rate Previous owner had delegated 4 units to Killington employees which can generate potentially more income.
  • List Agent: 21713
  • L O1 Homesnapcom: Yes
  • S O1 Homesnapcom: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Concrete Floor
  • Sq Ft - Apx Finished AG: 10900
  • Sq Ft - Apx Finished BG: 1000

Exterior Features

  • Construction: Wood Frame
  • Driveway: Gravel
  • Exterior: Vinyl, Wood
  • Foundation: Concrete
  • Road Frontage: Yes
  • Roads: Public
  • Roof: Shingle - Asphalt

Garage/Parking

  • Garage Capacity: 1
  • Garage: Yes
  • Garage Type: Detached

Utilities

  • Electric: 200 Amp, Circuit Breaker(s)
  • Sewer: Public, Septic
  • Water: Dug Well
  • Water Heater: Electric
  • Heating Fuel: Gas - LP/Bottle
  • Heating: Baseboard, Hot Air
  • Utilities: Dsl, Phone

Fee Information

  • Tax Class: Non-Homestead

Schools

  • School District: Barstow Joint School District
  • Elementary School: Barstow Memorial School
  • Middle School: Barstow Memorial School
  • High School: Choice
  • Elementary School: Barstow Memorial School
  • High School: Choice

Lot Info

  • Lot Sq Ft: 117612
  • Lot Acres: 2.7
  • Lot Description: Country Setting, Major Road Frontage, Mountain View, Rental Complex, Ski Area, Trail/Near Trail, View, Wooded
  • Surveyed: Unknown
  • Zoning: Residential & Commercial
  • Deed Book: 95
  • Deed Page: 470
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 116100
  • Net Income: 63929
  • Total Full Baths: 10
  • Total Units: 10
  • Total1 Bedroom Units: 3
  • Total2 Bedroom Units: 4
  • Total3 Plus Bedroom Units: 3

Tax Info

  • Tax Gross Amount: 11662
  • Tax Year: 2021

MLS Schools

  • School District: Barstow Joint School District
  • School Middle Jr: Barstow Memorial School

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2021 09/30/21 Sold $512,500 -6.8% $43 / Sq Ft
05/12/2021 05/12/21 Pending -- -- --
05/04/2021 05/04/21 For Sale $550,000 -- $46 / Sq Ft
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Mike Kalil

    Seller's Agent in 2021

    Mike Kalil

    Watson Realty & Associates

    (802) 342-8899

    9 in this area

    106 Total Sales

    Mike Kalil
    Section Image
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Map

Source: PrimeMLS

MLS Number: 4859043

PrimeMLS
Vermont Rutland County Mendon 05701

11 Mountain Commons Rd, Mendon, VT

This home is located at 11 Mountain Commons Rd, Mendon, VT 05701 since 04 May 2021. This property was built in 1930. 11 Mountain Commons Rd is a home located in Rutland County with nearby schools including Barstow Memorial School.

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