Listing Provided Courtesy Of:
Curtis Trousdale with Preferred Properties.

$285,000 1123 Main Street Fairfax, VT

MLS: 4665369   Type: Multi-Family   County: Franklin   City: Fairfax   Area: Franklin   Neighborhood: Mill Brook   Zip: 05454   Style: Multi-Family,Multi-Level   # Rooms: 9    Stories: 3   Taxes: $3,539

Mortgage $1,338 /mo



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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.

Elementary School

Middle School

High School

Distance: N/A Miles
Distance: 0.26 Miles
Bfa Fairfax
Distance: 0.26 Miles

Price History

10/24/2017 Listed $285,000

Area Description In Town, Near Paths, Near Shopping, Village
Construction Wood Frame
Construction Status Existing
Elementary School Fairfax Elementary School
High School BFA Fairfax High School
Middle School BFA/Fairfax Middle School
School District Franklin West
Total Heat Units 3
Total Rooms Above Ground 6
Trash Curbside, Municipal
Type Multi-Family
Unit 1 Level Number 1
Unit 2 Level Number 2
Unit 3 Level Number 2
Unit Number A-C
Zoning High Density Res

Interior Features

Basement Yes
Basement Access Type Walkout
Basement Description Concrete Floor, Stairs - Exterior, Unfinished
Cooling None
Electric On-Site
Flooring Carpet, Laminate
Heating House Unit, Wall Units
Heating Fuel Gas - LP/Bottle
Sqft-apx Fin Above Grade 2470
Sqft-apx Fin Below Grade 0
Sqft-apx Total 3354
Sqft-apx Total Finished 2470
Sqft-apx Unfn Above Grade 0
Sqft-apx Unfn Below Grade 884
Total 1 Br Units 1
Total 2 Br Units 1
Total 3+ Br Units 0
Total Number of Units 3
Total Ranges 3
Total Refrigerators 4
Total Water Heaters 3
Unit 1 Apx Sqft 884
Unit 1 Rooms 2
Unit 2 Rooms 4
Unit 3 Rooms 3
Water Heater Electric

Exterior Features

Driveway Common/Shared, Paved, Right-Of-Way (ROW)
Exterior Wood Siding
Exterior Features Balcony, Deck, Porch - Covered, Shed, Storage
Foundation Stone
Garage Yes
Garage Assigned, Direct Entry
Garage Capacity 2
Garage Type Detached
Lot Description City Lot, Corner, Major Road Frontage, River, River Frontage, Sidewalks
Lot Size Area 0.25
Parking Assigned, Driveway, Off Street, Parking Spaces 5 - 10, Paved
Road Frontage Yes
Road Frontage Length 81
Roads Paved, Shared
Roof Metal, Standing Seam
Sewer Public
Total Gas Meters 3
Unit 1 Style Functioning Bakery
Water Public
Water Body Access Owned
Water Body Name Mill Brook
Water Body Type River

Property Schools

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Gallery (27 photos)

Listing Provided Courtesy Of:
Curtis Trousdale with Preferred Properties.

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Property vs Zip Code Avg (05454)

Price 285K Avg 274K

Sqr Feet 3,354 Avg 3,148

Cost / Sqr Ft $85 Avg $87

Taxes $3,539 Avg $4,186

Acres 0.25 Avg 1.13

Visits 7 Avg 7

Days on Site 126 Avg 83

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Listing Provided Courtesy Of: Curtis Trousdale with Preferred Properties.

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Location & Address

John Abry
875 Roosevelt Highway, Suite 210
Colchester, VT