Tax bill dropped $3k this tax year! Unique property with many possibilities. It has an amazing 300 ft of road frontage and exposure. Live in the home and have the storage units pay your expenses. Or rent the house to tenants or a business to add to the income from the storage units. This property just went through a change of use permit (attached) from Commercial to Residential zoning. The very well maintained 1934 three-bedroom, one bathroom cape home has been getting $3,600./month with all utilities included for three tenants paying weekly. The home has been an office building for several businesses in the past. The home has hardwood floors, a main floor bedroom, living room, mud room, den, dining room, closet with stackable laundry unit, kitchen with back door access and an updated bathroom. The house does not have direct entry to the basement that is accessed by a private locked door in the lower parking area of the circular paved driveway. There are 4 inside locked storage units in the basement that bring in $240/month total. Next to the house, there are 11 storage units in a single building and they are of varying sizes. That building currently generates $755/month. All units are likely to be charging under market rates, but there are many long term renters.
Montpelier is located in Vermont. Montpelier, Vermont 05602has a population of 7,966. Montpelier 05602 is more family-centric than the surrounding county with 27.55% of the households containing married families with children. The county average for households married with children is 25.52%.
The median household income in Montpelier, Vermont 05602 is $71,163. The median household income for the surrounding county is $70,128 compared to the national median of $69,021. The median age of people living in Montpelier 05602 is 44.7 years.
The average high temperature in July is 80.6 degrees, with an average low temperature in January of 5.5 degrees. The average rainfall is approximately 43.1 inches per year, with 96.1 inches of snow per year.
