Seller's Agent in 2020
Flex Realty Group
Flex Realty
(802) 399-2860
15 in this area
1,770 Total Sales
20 W Main St Richmond, VT 05477
Estimated Value: $476,375
6
Beds
6
Baths
2,982
Sq Ft
$160/Sq Ft
Est. Value
Highlights
- Wood Flooring
- Wood Siding
- Walk-Up Access
- Richmond Elementary School Rated A-
About This Home
As of October 2020Great opportunity for an investor exists in this 6 unit commercially zoned apartment house right in the heart of Richmond! Built not long after the Round Church, this historic property is situated directly on route 2 by the corner of Bridge St. and is conveniently located with off street parking and just a short walk to restaurants, shops and plenty of other local amenities. With low annual expenses, this property is waiting for the next owner to take it over and build some equity with updates to the units and structure itself which could allow more opportunity to substantially increase monthly rents and cash flow. Current rents are below market for the area. There are 3 one bedroom units to go along with 3 studios making it very easy to rent. Each unit has an assigned parking space and tenants currently pay heat and electricity. The property enjoys quick access to I-89 and is only a short drive to Bolton Valley Ski Resort and so much more!
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $6,317
Year Built
- Built in 1823
Lot Details
- 10,019 Sq Ft Lot
- Lot Sloped Up
Home Design
- Brick Exterior Construction
- Stone Foundation
- Wood Frame Construction
- Metal Roof
- Wood Siding
Interior Spaces
- 6 Full Bathrooms
- 1.5-Story Property
Flooring
- Wood
- Carpet
- Vinyl
Unfinished Basement
- Walk-Up Access
- Connecting Stairway
- Exterior Basement Entry
- Dirt Floor
Parking
- Gravel Driveway
- Shared Driveway
Schools
- Richmond Elementary School
- Camels Hump Middle
- Mt. Mansfield
Utilities
- Wall Furnace
- Heating System Uses Natural Gas
- Separate Meters
- Electric Water Heater
Community Details
Overview
- 6 Units
Building Details
- 6 Separate Gas Meters
- Operating Expense $12,917
- Gross Income $53,460
- Net Operating Income $40,543
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/20/2020 10/20/20 | Sold | $315,000 | -10.0% | $106 / Sq Ft |
| 08/25/2020 08/25/20 | Pending | -- | -- | -- |
| 08/01/2020 08/01/20 | For Sale | $349,900 | +11.1% | $117 / Sq Ft |
| 08/01/2020 08/01/20 | Off Market | $315,000 | -- | -- |
| 07/29/2020 07/29/20 | Price Changed | $349,900 | -5.4% | $117 / Sq Ft |
| 05/05/2020 05/05/20 | For Sale | $370,000 | +17.5% | $124 / Sq Ft |
| 03/31/2020 03/31/20 | Off Market | $315,000 | -- | -- |
| 03/09/2020 03/09/20 | Price Changed | $370,000 | -6.3% | $124 / Sq Ft |
| 02/14/2020 02/14/20 | For Sale | $395,000 | -- | $132 / Sq Ft |
Source: PrimeMLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $6,552 | $653,500 | $194,500 | $459,000 |
| 2023 | $6,552 | $653,500 | $194,500 | $459,000 |
| 2022 | $6,552 | $262,600 | $61,500 | $201,100 |
| 2021 | $6,908 | $262,600 | $61,500 | $201,100 |
| 2020 | $6,665 | $262,600 | $61,500 | $201,100 |
| 2019 | $6,317 | $262,600 | $61,500 | $201,100 |
| 2018 | $6,152 | $262,600 | $61,500 | $201,100 |
| 2017 | $5,933 | $262,600 | $61,500 | $201,100 |
| 2016 | $5,852 | $262,600 | $61,500 | $201,100 |
Source: Public Records
Agents Affiliated with this Home
-
-
Buyer's Agent in 2020
Sara Puretz
Coldwell Banker Hickok and Boardman
(802) 846-9504
6 in this area
126 Total Sales
Map
Source: PrimeMLS
MLS Number: 4794096
APN: (163) WM0020
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