Price Reduced 3.85%
Listing courtesy of Hughes Group Team, Casella Real Estate Phone: 802-772-7487
Price History
$299,000
10/14/2023
$287,500
4/12/2024
1115 Route 4a West, Castleton, VT, 05735
0 beds
3 Full baths
1890
Other
6,884 sqft
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.
Status:
Active
Type:
Multi-family
Units:
4
Zoning:
commercial
Heating:
Oil, Baseboard, Forced Air, Hot Water
Cooling:
Central AC
Basement:
Partially Finished
Acreage:
2.02
Est. Taxes:
$7,331
Lot Description:
Level
MLS #:
4974336