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162 Highland Ave 5 Unit Apartment Building $599,000 ($119,800/Unit) Manchester Center, VT 05255
INVESTMENT HIGHLIGHTS
- Permitted for town water and sewar
- Town has approved continued development of an additional 8,000+ additional 5-unit buildings
EXECUTIVE SUMMARY
Easy Investment Opportunity! Three unit multi-family. Great passive income. Turn key money maker! Spacious layout with privacy for each unit. The main level unit offers an open living dining area, three bedrooms, one-bath with mountain views off the spacious deck. The second floor offers two separate one-bedroom, one-bath units. Each unit has its own entrance. The lower level provides storage for each unit, utilities and a coin-operated laundry. The option to build a second 5-unit building is there, and the current owner has more info to share. This was once a four-unit and could be again. Plenty of parking. Close proximity to everything Manchester has to offer. Restaurants, Deli, Gym, Shopping. School Choice 9-12 and only 10 min to Bromley
PROPERTY FACTS
| Price | $599,000 | Building Class | C |
| Price Per Unit | $119,800 | Lot Size | 0.76 AC |
| Sale Type | Investment | Building Size | 3,655 SF |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1940/2023 |
| Property Subtype | Apartment | Parking Ratio | 8/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | MFR - Multi-family residential | ||
| Price | $599,000 |
| Price Per Unit | $119,800 |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.76 AC |
| Building Size | 3,655 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1940/2023 |
| Parking Ratio | 8/1,000 SF |
| Zoning | MFR - Multi-family residential |
AMENITIES
UNIT AMENITIES
- Refrigerator
- Oven
1 1
PROPERTY TAXES
| Parcel Number | (116)1049 | Improvements Assessment | $201,100 |
| Land Assessment | $102,100 | Total Assessment | $303,200 |
PROPERTY TAXES
Parcel Number
(116)1049
Land Assessment
$102,100
Improvements Assessment
$201,100
Total Assessment
$303,200
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162 Highland Ave
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