Great opportunity to live in a bright condo/duplex in a friendly private neighborhood. Perfect to live on one side and have the other cover your mortgage payments. Has excellent rent history. The home is up-to-date with city fire codes and with requirements for Section 8, including hard-wired new smoke/carbon monoxide alarms. The tenants pay for their utilities, trash removal, and snow removal. One apartment is occupied, the other is ready for the new owner to move in or to rent to a new tenant.
There is easy access to schools, the interstate, public transportation, and the surrounding area.
These three-bedroom apartments have many positives: the large backyard is fenced in, there is off-street parking, and the other side of the street is undeveloped.
The arrangement of windows takes advantage of breezes and provides a bright interior. Newly installed egress windows are large and energy efficient. Walk-in closets in the bedrooms provide ample storage space. Flooring includes new carpet in one apartment, vinyl in the bathrooms, and laminate in one of the bedrooms. The kitchens have a tiled floor, newer stoves and refrigerators, a dishwasher, a large closet with washer/dryer hookups, and a sliding glass door to a screened-in patio with access to the yard.
The furnaces are top-of-the-line and receive annual maintenance from Vermont Gas Systems, Inc. (natural gas). Gas meters, electric meters, and water meters are separate for each apartment.
The heated garage is large and offers lots of storage space.
Annual costs include Winooski property tax $8,220.96 and property insurance $684.99.
Monthly income up until the current vacancy has been $3,300, although these rents are below prevailing local rates for comparable rental properties.
This is not a “fixer-upper”! One side is rented and the other is ready for immediate occupancy by the new owner or a new tenant.