Price Reduced 8.00%
Listing courtesy of Betsy Adamovich, Real Broker LLC Phone: 802-613-0729
Price History
$325,000
9/27/2024
$309,000
11/11/2024
$299,000
11/15/2024
989-1009 Middle Pownal Road, Pownal, VT, 05261
5 beds
1970
Multi-Family
2,248 sqft
Welcome to 989-1009 Middle Pownal Road—a true gem with fantastic income potential in a gorgeous setting! This rare 4-unit multifamily property includes a charming stand-alone 1-bedroom, 1-bathroom cottage, occupied by a long-term tenant, and a well-maintained 3-unit building. The spacious 2-bedroom, 1-bathroom top-floor unit is under an annual lease, while the two fully furnished 1-bedroom, 1-bathroom units on the lower level have been a hit with traveling nurses. These furnished units are currently vacant to make the sale process smooth and stress-free! The main building has had some major upgrades, including a new roof and windows in the last 5-7 years, a new septic tank (2021), a water heater (2022), and a brand-new furnace. The deck has been beautifully rebuilt, and the well was drilled 250 ft deeper with a new pump and filtration system. One of the stoves and refrigerators in the furnished units has also been replaced—talk about move-in ready! While the cottage could use a little TLC, the main building is in top-notch condition and ready to keep earning! Sited in the scenic town of Pownal, you’re just minutes from outdoor fun and cultural hotspots like Bennington and Williamstown. This is a rare opportunity to snag a solid investment in a desirable area.
Status:
Active
Type:
Multi-family
Units:
4
Zoning:
RR1 (rural residential 1)
Heating:
Propane, Oil, Baseboard, Gas Heater - Vented
Cooling:
None
Acreage:
0.43
Lot Description:
Mountain View,Open,View
MLS #:
5016365