Great Investment Opportunity located in downtown Castleton and walking distance to Vermont State University. Minutes to Lake Bomoseen and a short drive to Killington and Pico ski areas. Recently renovated with 2 units both with 4 bedrooms and 1 bath. Currently rented until May 2025. Either a great investment or live in one unit and rent the other collecting serious rental income. Figures available to qualified buyers.
Discover an exceptional investment opportunity with this versatile 4-unit multiuse building. This property features a strategic mix of two spacious offices and 2 two-bedroom open-concept apartments, providing a diverse range of potential income streams. Unlock the full potential of this property with the possibility to convert the existing office space into additional apartments, enhancing rental income and maximizing return on investment. The finished space in the basement offers even more possibilities, whether utilized as a studio, office, or transformed into an extra apartment. 1.21 acres of the property are leased to the Town of Castleton through June of 2086 for an annual amount of $1. The purpose of this lease is for a community recreation area, no structures may be built on the property. Don't miss the chance to own a property that not only offers immediate revenue but also provides strategic options for future growth. Call today to schedule a viewing and explore the endless possibilities this multiuse building presents. Building is on the National Register of Historic Places.
Castleton is located in Vermont. Castleton, Vermont has a population of 4,605. Castleton is more family-centric than the surrounding county with 24.02% of the households containing married families with children. The county average for households married with children is 22.91%.
The median household income in Castleton, Vermont is $43,257. The median household income for the surrounding county is $59,751 compared to the national median of $69,021. The median age of people living in Castleton is 35.9 years.
The average high temperature in July is 82.4 degrees, with an average low temperature in January of 9.7 degrees. The average rainfall is approximately 40.7 inches per year, with 66.3 inches of snow per year.
