Call now: (802) 347-4114

1123 MAIN, FAIRFAX, VT 05454

1123 Main
Fairfax, VT 05454

Seller's Representative:
Curtis Trousdale, Preferred Properties

$285,000

Sq. Ft.: 2,470
Type: Commercial
Listing #4665418
Rare investment opportunity with 2 Residential Units and 1 Commercial Unit in a quaint 19th century building in Fairfax, VT! This 3-unit building boasts over 2,700 sqft of finished space, 80 +/- ft of frontage along Main St with 9 parking spaces per site plan. Ground floor is currently functioning as a bakery with 24-person occupancy load and two apartments occupying the second floor and third floors. The sale includes business assets including furniture, appliances, kitchen equipment and many small fixtures; offering a favorable and seamless transition for potential purchasers to continue the business. Residential units include a 2br/1ba with current month to month lease and 1br/1ba with current yearly lease. Total monthly rent for combined units is $1475 p/m. Recent improvements in the apartments with newer windows, flooring and carpet and a newer main roof. Full basement for storage and a rear detached 2-bay garage is located in the rear parking lot. Garage is split into three sections and has been leased in the past. Current wastewater permit in place for existing use and occupancy ' GMP for power - Comcast for cable/internet and phone ' Building runs off both oil and propane. Covenant location in downtown Fairfax with high visibility. Minutes from I89 providing easy access to St. Albans and Burlington.
Property Features
Location Information
County: Franklin
Directions: Directions Take VT-128 into Fairfax. Turn onto VT-104 N - property is located on the right. If traveling from Burlington - take I89 to VT-104 N. Property is located at the intersection of Main St, River Rd, and Maple Street.
Interior Features
Heating: Individual
Heating Fuel: Gas - LP/Bottle, Oil
Basement Description: Concrete Floor, Stairs - Exterior, Unfinished
Total Number of Units: 3
Exterior Features
Construction: Wood Frame
Exterior: Wood Siding
Foundation: Stone
Roof: Metal, Standing Seam
Parking Spaces: Driveway, Off Street, On-Site, Parking Spaces 5 - 10, Paved
Lot Number: A-C
Lot Size in Acres: 0.25
Zoning: High Density Res
Building Total Area (Sq. Ft.): 2, 470
Road Frontage: 81
Total Loading Docks: 0
Additional Information
Delayed Showing: No
Property Type: COM
Property SubType: Business, Investment, Multi-Family
Approximate Year Built: 1870
Status: Active
Sale Include: Equipment
Tax Amount: 3, 539.43


$ per month
Year Fixed. % Interest Rate.
Principal + Interest: $
Monthly Tax: $
Monthly Insurance: $
Term
yrs
Interest Rate
 % 
Down Payment
$
List Price:
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Copyright (2017) New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this site comes in part from the IDX Program of NEREN. The information being provided is for consumers, personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
NEREN data last updated at February 20, 2018 8:48 AM ET