About This Home

This 0-bedroom, 0-bathroom residential multi family at 5 Park Street in Morristown, VT is listed for $1,125,000 ($201 per sqft). Built in 1878, the home offers 5,608 sqft of living space on a 0.40 acres lot.

Key Features

  • Built in 1878
  • 0.40 acre lot
  • 3 stories

Property Details

3 stories
3-car garage
1878
Listing Description

The Governor's Mansion. Capitalize on this rare opportunity! This is an exceptional investment opportunity featuring 19 potential residential apartments and one office space. The Governor's Mansion is a well maintained three story property in the heart of downtown Morrisville, Vermont.

Currently generating income from the coin-op laundry, four residential apartments with an owner occupied residence that incorporates dedicated office space. The property has DRB approval for construction of 14 additional residential apartments, creating the opportunity to expand to 19 residential apartments while retaining the existing office space.

This property offers a unique opportunity for investors, developers, or an owner occupant to live and work in downtown Morrisville while benefiting from rental income and future development potential. Its central downtown location, within walking distance of village amenities, schools, golf course and hospital, offers convenient access to everyday services and supports the property's long term investment potential.

Position your next investment for growth. With existing income, DRB approved expansion potential and a desirable downtown location, the Governor's Mansion offers investors the opportunity to increase rental revenue and build long term value. Property is Broker Owned

Monthly Cost Estimate

$6,017/mo

20% down · 6.5% · 30 years

Principal$814
Interest$4,875
Insurance$328

Estimates only. Actual payments may vary.

Location

5 Park Street

Morristown, VT 05661

Property Details

Construction

Vinyl Siding

Questions & Answers

This 0-bedroom, 0-bathroom residential multi family at 5 Park Street is listed at $1,125,000 ($201/sqft). The estimated monthly payment is $6,017 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1878, 0.40 acre lot, 3 stories.

This property is listed by Trombley & Day Group.

TG

Trombley & Day Group

Agent at Berkshire Hathaway HomeServices Vermont Realty Group

Listed by Berkshire Hathaway HomeServices Vermont Realty Group · Broker phone: (802) 658-5555 · View on Broker Site · Broker website

MLS# 5115565· Source: PrimeMLS· 9 days on PropertySimple

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5 Park Street, Morristown, VT 05661

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