NOT LISTED FOR SALE

18 Depot St Cambridge, VT 05464

8 Beds
-- Bath
4,352 Sq Ft
0.43 Acres

Last Sold May 31, 2022

Last sale price $448,000 $103 Per Sq Ft

53 Days on Market

Highlights

  • Corner Lot
  • Baseboard Heating
  • Wood Siding
  • Detached Garage
  • High Speed Internet
  • 2-minute walk to Jeffersonville Historic District

About This Home

As of May 2022

A great investment property in a popular ski town at the base of Smugglers Notch! This four-unit multi-family building is on the corner of Depot & Main St in the quaint village of Jeffersonville. The property has a 3-bedroom unit and two 2-bedroom units in the main building, and a 1-bedroom in the detached unit. There have been many recent improvements to the property, including the building being weatherized, a new furnace installed in September '21, new stoves and refrigerators in three of the units, and a renovation of two bathrooms. The detached unit also has new flooring in kitchen, new windows in living room, a new on-demand hot water heater, and a new exterior entrance/stairway. Just under five miles from Smugglers Notch Ski Resort and 45 minutes from Burlington, and in an area that is walkable to all that the village has to offer, convenience is a given! With a solid rental history in a terrific location, this investment property is a great opportunity! Great potential for adding more units on this oversize lot in a Town with no zoning!

Last Listed By

Trombley & Day Group

BHHS Vermont Realty Group/Morrisville-Stowe License #081.0004093 Listed on: 02/07/2022

BHHS Vermont Realty Group/Morrisville-Stowe

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $5,623

Year Built

  • Built in 1880

Lot Details

  • 0.43 Acre Lot
  • Corner Lot
  • Lot Sloped Up

Home Design

  • Stone Foundation
  • Wood Frame Construction
  • Metal Roof
  • Wood Siding
  • Vertical Siding
  • Shingle Siding

Interior Spaces

  • 2-Story Property

Flooring

  • Carpet
  • Laminate

Unfinished Basement

  • Walk-Up Access
  • Dirt Floor

Parking

  • Detached Garage
  • Gravel Driveway

Utilities

  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Heating System Uses Oil
  • Water Heater
  • High Speed Internet
  • Cable TV Available

Community Details

Overview

  • 4 Units

Building Details

  • Operating Expense $18,880
  • Gross Income $40,900
  • Net Operating Income $22,020

Property Details

Home Type

Apartment

Est. Annual Taxes

$5,623

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Apartment Building
  • Directions: From RTE 15 & 108 at flashing light: Go South on 108 (Main St.), follow around to right. Property is on right at corners of Main & Depot St. See sign.
  • Flood Zone: Unknown
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 102.94
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 5778
  • Sq Ft - Apx Total Finished: 4352
  • Year Built: 1880
  • Remarks Public: A great investment property in a popular ski town at the base of Smugglers Notch! This four-unit multi-family building is on the corner of Depot & Main St in the quaint village of Jeffersonville. The property has a 3-bedroom unit and two 2-bedroom units in the main building, and a 1-bedroom in the detached unit. There have been many recent improvements to the property, including the building being weatherized, a new furnace installed in September '21, new stoves and refrigerators in three of the units, and a renovation of two bathrooms. The detached unit also has new flooring in kitchen, new windows in living room, a new on-demand hot water heater, and a new exterior entrance/stairway. Just under five miles from Smugglers Notch Ski Resort and 45 minutes from Burlington, and in an area that is walkable to all that the village has to offer, convenience is a given! With a solid rental history in a terrific location, this investment property is a great opportunity! Great potential for adding more units on this oversize lot in a Town with no zoning!
  • List Agent: 283446
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Carpet, Laminate
  • Basement: Yes
  • Basement Access Type: Walk-up
  • Basement Description: Dirt, Unfinished
  • Sq Ft - Apx Finished AG: 4352
  • Sq Ft - Apx Unfinished BG: 1426

Exterior Features

  • Construction: Wood Frame
  • Driveway: Gravel
  • Exterior: Shingle, Vertical, Wood
  • Foundation: Stone
  • Road Frontage: TBD
  • Roads: Paved, Public
  • Roof: Metal
  • Easements: Yes

Garage/Parking

  • Garage: Yes
  • Garage Type: Detached

Utilities

  • Electric: Circuit Breaker(s)
  • Fuel Company: Bourne's
  • Sewer: Public
  • Water: Public
  • Water Heater: Domestic, Off Boiler
  • Heating Fuel: Gas - Natural, Oil
  • Heating: Baseboard
  • Electric Company: Green Mountain Power
  • Total Electric Meters: 6
  • Total Ranges: 4
  • Total Refrigerators: 4
  • Utilities: Cable, Internet - Cable

Fee Information

  • Tax Class: Non-Homestead

Lot Info

  • Lot Sq Ft: 18731
  • Lot Acres: 0.43
  • Lot Description: City Lot, Corner
  • Surveyed: Unknown
  • Zoning: Multi-Unit
  • Deed Book: 458
  • Deed Page: 61
  • Deed Recorded Type: Quit Claim

Multi Family

  • Gross Income: 40900
  • Net Income: 22020
  • Total Units: 4
  • Total1 Bedroom Units: 1
  • Total2 Bedroom Units: 2
  • Total3 Plus Bedroom Units: 1

Tax Info

  • Tax Gross Amount: 5622.66
  • Tax Year: 2021

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
05/31/2022 05/31/22 Sold $448,000 -4.5% $103 / Sq Ft
04/01/2022 04/01/22 Pending -- -- --
02/07/2022 02/07/22 For Sale $469,000 -- $108 / Sq Ft
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Trombley & Day Group

    Seller's Agent in 2022

    Trombley & Day Group

    BHHS Vermont Realty Group/Morrisville-Stowe

    (802) 760-8333

    9 in this area

    343 Total Sales

    Trombley & Day Group
    Section Image

  • N

    Buyer's Agent in 2022

    Nick Sicard

    EXP Realty

    (802) 557-1619

    1 in this area

    53 Total Sales

    Nick Sicard
    Section Image
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Map

Source: PrimeMLS

MLS Number: 4897296

PrimeMLS

Vermont Lamoille County Cambridge 05464

18 Depot St, Cambridge, VT

Homes for Sale in Cambridge, VT

This home is located at 18 Depot St, Cambridge, VT 05464 since 07 February 2022. This property was built in 1880. 18 Depot St is a home located in Lamoille County with nearby schools including Cambridge Elementary School.

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