Rare opportunity to acquire a turnkey multifamily investment along with a shovel-ready development site in the heart of Morrisville, Vermont. This unique package includes a recently constructed 15-unit apartment building at 24 Jersey Way, as well as an adjacent parcel that is fully permitted with all major utilities and infrastructure already in place for an additional 8 units. Complete building plans are available, allowing a buyer to move forward with development immediately and capitalize on the property's future growth potential with minimal upfront hurdles. The existing 15-unit asset, built in 2024, offers investors modern construction, strong cash flow, and virtually no deferred maintenance. Each unit is equipped with an efficient ducted mini-split heating and cooling system, with air exchangers in each unit, while all-electric utilities throughout the building help streamline operations and reduce ongoing maintenance concerns. With an attractive projected capitalization rate of approximately 7.25% (excluding professional management expenses), the property presents a compelling investment opportunity for both seasoned and first-time multifamily investors alike. Professional vendors and service providers are already in place, creating a truly turnkey ownership experience from day one. Whether your strategy is to hold a stabilized income-producing asset, expand your portfolio through additional development, or pursue both simultaneously, this offering provides the rare combination of immediate returns and long-term upside in one of Vermont's growing rental markets.
Modern meets classic in this incredible village property! Built in 1890, this 4-BR, 3 1/2-BA home captures attention upon first entry with gorgeous original, untouched woodwork throughout. The impressive foyer and formal living room evoke a nostalgic feeling of yesteryear, while the brand new kitchen, mudroom, and garage account for every contemporary convenience. With the dining room open to the magnificent kitchen, there's no doubt this will be the central gathering spot. And with gorgeous countertops, a center island, plenty of cabinets, and a double-oven, it will be a room where you will want to spend lots of time. An amazing pantry allows for plenty of storage for all of your essentials. A new mudroom and 2 1/2 baths round out the first floor. On the second floor, you will find two BR, a full bath, and a laundry room. Make your way up to the third floor, where you are greeted with a primary suite with bedroom, full bath, and office space. This is truly a spectacular sanctuary right in your own home. Over the new garage is an entire open space just waiting to be finished. It could potentially be converted into an apartment or office space. Explore the possibility of using this property for commercial use or for additional dwelling units. Set in a great, visible location and along the rail trail, accessibility is right outside your front door. Don't miss an opportunity to own a gorgeous home that seamlessly blends timeless quality with modern touches!
485 Jersey Heights presents a rare, substantially shovel-ready residential investment opportunity in Morrisville. The property includes an existing 3-bedroom, 1-bath ranch-style single-family home plus approvals for a new 9-unit multifamily residential building on the rear portion of the property. The existing home offers immediate rental, owner-occupant, or interim income potential while the approved multifamily project is developed. The proposed rear building is approved for nine 1-bedroom residential units, creating a potential 10-unit residential property when combined with the existing single-family home. Zoning approval, state wastewater/potable water approval, subdivision/site documentation, and access-related permission/documentation are in place, subject to stated permit conditions. Site plan and permit package available for review. The property is located in Morristownâ??s High Density Residential district and offers a compelling opportunity for a builder, investor, or developer seeking an approved small multifamily project in a tight rental market. Total unit count reflects the existing single-family residence plus the approved/proposed 9-unit multifamily building; only the single-family residence currently exists. Buyer to perform due diligence regarding permits, plans, approvals, construction costs, utility connections, and all municipal/state requirements. Listing Broker is a member of the ownership LLC.
Exceptional opportunity to acquire a well-established business with over 30 years of proven success. This respected dry cleaning and laundromat operation has built a loyal customer base and strong community presence, making it a rare turnkey offering for both seasoned operators and first-time business owners alike. The business is fully operational and equipped, allowing for a seamless transition to new ownership. Known for its reliability, quality service, and steady revenue stream, this is an ideal investment for those seeking a hands-on business with immediate income potential. Real estate is available for lease, providing flexibility without the burden of property ownership while maintaining the current prime location that customers know and trust. Whether youâ??re looking to expand your existing portfolio or step into ownership with confidence, this long-standing business offers stability, opportunity, and continued growth potential.
So much potential to explore in this village property in a high visibility location! This property with a footprint of 6000+/- sq ft is a fantastic investment opportunity, currently permitted for eight 2-BR units. You could potentially utilize the first floor as a home business and enjoy living space on the second floor- you couldn't ask for an easier commute! The first floor offers large open rooms, making for fantastic office space, and upstairs you will find 3 bedrooms, a full bath, and an open kitchen/living/dining area. The enclosed front porch and second floor deck are great outdoor spaces for unwinding in warm weather. The attached garage boasts plenty of storage room in the lofted area above, and could potentially be used as commercial space with proper permits in place. The paved parking lot fits 10+ vehicles- plenty of parking for tenants or business clients. Don't miss out on this remarkable chance to expand your business portfolio in a great location with municipal water & sewer!
Morristown is located in Vermont. Morristown, Vermont has a population of 5,455. Morristown is less family-centric than the surrounding county with 12.58% of the households containing married families with children. The county average for households married with children is 26.53%.
The median household income in Morristown, Vermont is $58,621. The median household income for the surrounding county is $66,016 compared to the national median of $69,021. The median age of people living in Morristown is 36.6 years.
The average high temperature in July is 78.7 degrees, with an average low temperature in January of 4.7 degrees. The average rainfall is approximately 40.2 inches per year, with 97.8 inches of snow per year.
