NOT LISTED FOR SALE

20 Livery Stable Rd Bethel, VT 05032

5 Beds
5 Baths
3,732 Sq Ft
0.3 Acres

Last Sold October 15, 2020

Last sale price $267,000 $72 Per Sq Ft

421 Days on Market

Highlights

  • Radiant Floor
  • Victorian Architecture
  • Landscaped

About This Home

As of October 2020

Exceptional investment property located in the center of downtown Bethel. Convenient access – less than 3 miles to I-89, 10 minutes to GW Plastics plant in Royalton, and less than 15 minutes to South Royalton and the Vermont Law School. The property, which is on the National Historic Register, was thoroughly renovated in 2009 while maintaining the historical integrity of the building, the result of which was three 1-bedroom apartments and one 2-bedroom unit. The units are well-maintained, bright, and functional. The 2-bedroom unit features a large foyer entrance, 10-foot ceilings, a living room, den, and a second bedroom with en-suite half bathroom. There are a number of adjustments that could be made to increase the property's cash flow. (Note, the current financials reflect the 2-bedroom unit being rented as a 1-bedroom, with the second bedroom being reserved by the owner as an office). Coin operated washer and dryer are accessed from the exterior of the building. There’s a large parking lot to the back of the building for tenant parking. 4 separate 100-amp circuit breakers for each unit. The future for Bethel appears to be bright with many improvements to the downtown over the past several years. In addition, GW Plastics recently announced a $10 million, 30,000 square foot expansion of their Royalton plant, including new hires for both that plant and their plant in Bethel. For more information or to schedule a private showing appointment, please contact Andrew Holson at Snyder Donegan Real Estate Group.

Last Agent to Sell the Property

Dail Frates

Snyder Donegan Real Estate Group License #082.0007121 Listed on: 06/22/2019

Last Buyer's Agent

Holly Hall

Hall Collins Real Estate Group License #082.0112800

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,114

Year Built

  • Built in 1910

Lot Details

  • 0.3 Acre Lot
  • Landscaped
  • Lot Sloped Up

Home Design

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

Interior Spaces

  • 2-Story Property
  • Radiant Floor
  • Unfinished Basement
  • Walk-Out Basement

Parking

  • Gravel Driveway
  • Dirt Driveway

Utilities

  • Radiator
  • Heating System Uses Gas
  • Liquid Propane Gas Water Heater
  • Cable TV Available

Community Details

Overview

  • 4 Units

Building Details

  • Operating Expense $24,203
  • Gross Income $43,200
  • Net Operating Income $18,997

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,114

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Victorian
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 71.54
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 4796
  • Sq Ft - Apx Total Finished: 3732
  • Property Type: Multi-Family
  • Year Built: 1910
  • Remarks Public: Exceptional investment property located in the center of downtown Bethel. Convenient access – less than 3 miles to I-89, 10 minutes to GW Plastics plant in Royalton, and less than 15 minutes to South Royalton and the Vermont Law School. The property, which is on the National Historic Register, was thoroughly renovated in 2009 while maintaining the historical integrity of the building, the result of which was three 1-bedroom apartments and one 2-bedroom unit. The units are well-maintained, bright, and functional. The 2-bedroom unit features a large foyer entrance, 10-foot ceilings, a living room, den, and a second bedroom with en-suite half bathroom. There are a number of adjustments that could be made to increase the property's cash flow. (Note, the current financials reflect the 2-bedroom unit being rented as a 1-bedroom, with the second bedroom being reserved by the owner as an office). Coin operated washer and dryer are accessed from the exterior of the building. There’s a large parking lot to the back of the building for tenant parking. 4 separate 100-amp circuit breakers for each unit. The future for Bethel appears to be bright with many improvements to the downtown over the past several years. In addition, GW Plastics recently announced a $10 million, 30,000 square foot expansion of their Royalton plant, including new hires for both that plant and their plant in Bethel.
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: Yes
  • Basement Access Type: Walkout
  • Basement Description: Bulkhead, Unfinished
  • Sq Ft - Apx Finished AG: 3732
  • Sq Ft - Apx Unfinished BG: 1064

Exterior Features

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

Utilities

  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Water: Public
  • Water Heater: Gas - LP/Bottle
  • Heating Fuel: Gas - LP/Bottle
  • Heating: Radiant Floor, Radiator
  • Separate Utilities: Varies
  • Utilities: Cable

Fee Information

  • Tax Class: Non-Homestead

Lot Info

  • Lot Sq Ft: 13068
  • Lot Acres: 0.3
  • Lot Description: City Lot, Landscaped, Sloping
  • Surveyed: Unknown
  • Zoning: CBD
  • Deed Book: 95
  • Deed Page: 138
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 43200
  • Net Income: 18997
  • Total Units: 4
  • Total1 Bedroom Units: 3
  • Total2 Bedroom Units: 1

Tax Info

  • Tax Gross Amount: 6113.64
  • Tax Year: 2019

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
10/15/2020 10/15/20 Sold $267,000 -27.6% $72 / Sq Ft
08/16/2020 08/16/20 Pending -- -- --
08/03/2019 08/03/19 Price Changed $369,000 -6.6% $99 / Sq Ft
06/22/2019 06/22/19 For Sale $395,000 -- $106 / Sq Ft
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4760391

PrimeMLS