Commercial for Sale: 349 Route 7 South, Milton, VT 05468 SOLD

$10,500,000
$10,500,000
349 Route 7 South, Milton, VT 05468 SOLD
$10,500,000
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Selling Price: $10,500,000
Original List Price: $12,000,000
Sold at 87.5% of list price
Sold Date: 08/01/2024

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Type Commercial
Lot Size 16.95 acres
City Milton
County Chittenden
MLS 4975008
Status Closed
DOM 96 days
Incredible Investment Opportunity - 58 Townhouse Units! Welcome to a game-changing investment portfolio that's about to redefine your real estate journey! This property is a goldmine, featuring 58 townhouse units, each designed for maximum comfort and convenience. Of these 58 units, 40 are thoughtfully laid out as spacious 3-bedroom, 2.5 bath homes, providing ample space for families and professionals alike. The remaining 18 units offer a 2-bedroom, 2.5 bath layout, catering to various lifestyle preferences. Every unit has an unfinished full basement, garages for secure parking, and washer/dryer hook-ups for convenience. Moreover, all utilities are separately metered, ensuring simplicity in management and added value for tenants & landlords. One of the standout features of this investment is its condo minimized development, allowing for each unit to be sold individually if desired. This flexibility opens up incredible possibilities for any real estate investor. Whether you choose to rent out these units for a steady stream of passive income or sell them individually to maximize returns, the choice is yours. Priced at approximately $200,000 per unit, this portfolio offers substantial upside potential for investors. The demand for affordable housing in this area is ever-growing, making this an opportunity you won't want to miss. Seize the moment, secure your future, and turn your real estate dreams into reality with this exceptional investment portfolio!

Lot & Building Features

Utilities Cable
Construction Vinyl Siding, Wood Frame
Cooling None
Heat Source Gas - Natural
Heating Baseboard, Multi Zone, Hot Water
Parking Description Assigned, Visitor, Paved, Other, On-Site, Garage
Sewer Public
Tax Year 2023
Water Public
Basement Description Full, Unfinished, Stairs - Interior
Foundation Poured Concrete
Lot Description Condo Development
Roof Shingle - Architectural

Price History of 349 Route 7 South, Milton, VT

Date Name Price Difference
10/20/2023 Listing Price $10,500,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

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Map of 349 Route 7 South, Milton, VT

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Inquire about this property

Photo of Christine Ashford
Direct: 603-770-1748
Office
185 Plaistow Road, Suite 1
Plaistow, NH 03865
Listed by Signature Properties of Vermont, The Signature Realty Group
Sold by BHHS Vermont Realty Group/S Burlington, Warren Palm
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Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

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Listing information courtesy of: Signature Properties of Vermont

Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. 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. Data last updated 09/07/2024