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242 Elm Street in Montpelier--BEAUTIFUL 4-Unit Investment Property
 
242 Elm Street in Montpelier is one of the most easily recognizable, and beautiful buildings in town. It’s the house with the big white columns.  It’s the house with the great double lot (a half acre!). It stands out, and in a good way.
 
It’s also a rock solid investment. Four units, including one of the nicest owner-occupied units around. This main unit, with three bedrooms, has hardwood floors, and upgraded kitchen, and sumptuously preserved historic detail, including a marble hearth and woodwork.
 
The second floor two-bedroom unit has bright hardwood floors, and gets lots of natural light. It’s a classy unit, and, like the main unit, gets above market rents (as it should).
 
The remaining two units (one bedroom and two bedroom) allow more opportunity for the next owner to put a personal touch.  Don’t get me wrong, they’re in perfectly good condition, they just aren’t at the level of the first two units. I haven’t seen very many apartments in Montpelier that are.
 
242 Elm Street in Montpelier has one of the keys to investment property in Montpelier—parking. There’s a four bay garage that’s in great condition, plus a sizeable parking area that allows ... more

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