Listing Provided Courtesy Of:
Ken Libby with Stowe Area Realty LLC.

$650,000 123 Thomas Lane Stowe, VT

MLS: 4652924   Type: Multi-Family   County: Lamoille   City: Stowe   Area: Lamoille   Zip: 05672   Style: Contemporary   # Rooms: 19    Stories: 2   Taxes: $8,867

Mortgage $3,052 /mo



Half Baths

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Great Investment Opportunity for a Landlord with ability to expand. This 6 unit Multi-family built in 1972 was gutted & redone in the 1980's so many issues that might have surfaced have been replaced such as plumbing & wiring. The 6 units undergo continued maintenance upon vacancies. There is a coin operated washer & dryer on premises while Unit 3, the owners unit has its own washer & dryer. Each unit pays its electricity and propane for their gas stoves & gas water heaters. Owner pays for the oil to operate the boiler for the heat throughout the building. Building is conveniently located with frontage on Cliff St if one wants to walk to lower village or driveway off Thomas Lane for an easy walk to the post office, village or ice rink. Extensive financial information available after signing a Confidentially Agreement. The building also includes the laundry room of about 165 sq.ft., the Furnace Room of about 106 sq. ft., Two attached sheds, one 12 x 20 & the other is 10 x 16. There is also a closed storage unit of 12 x 16 ft. with an overhead door and concrete floor. The carport for 4 vehicles is 26"x 40"with an open front side. Building is served by a drilled well which yields about 179 gallons a minute and is treated for iron. The roofs have been replaced pat in 2010 & part in 2016. In addition to the six units existing the zoning would permit an additional 4 units to be constructed and seller had design such a plan a few yars ago but did not seek permits.

Elementary School

Middle School

High School

Distance: N/A Miles
Stowe Middle/high School
Distance: 1.72 Miles
Stowe Middle/
Distance: 1.72 Miles

Price History

8/11/2017 Listed $650,000

Construction Wood Frame
Construction Status Existing
Elementary School Stowe Elementary School
High School Stowe Middle/High School
Middle School Stowe Middle/High School
School District Lamoille South
Total Heat Units 1
Total Rooms Above Ground 4
Type Multi-Family
Unit 1 Level Number Basement
Unit 2 Level Number Basement
Unit 3 Level Number 1
Unit 4 Level Number 1
Unit 5 Level Number 2
Unit 6 Level Number 2
Zoning RR1

Interior Features

Basement Yes
Basement Access Type Walkout
Basement Description Finished, Full
Cooling None
Electric Circuit Breaker(s), Underground
Flooring Carpet, Vinyl
Heating Baseboard, Hot Water
Heating Fuel Oil
Sqft-apx Fin Above Grade 2544
Sqft-apx Fin Below Grade 1452
Sqft-apx Total 4080
Sqft-apx Total Finished 3996
Sqft-apx Unfn Above Grade 0
Sqft-apx Unfn Below Grade 84
Total 1 Br Units 5
Total 2 Br Units 1
Total 3+ Br Units 0
Total Number of Units 6
Total Ranges 6
Total Refrigerators 6
Total Water Heaters 6
Unit 1 Apx Sqft 737
Unit 1 Rooms 3
Unit 2 Apx Sqft 528
Unit 2 Rooms 3
Unit 3 Apx Sqft 1008
Unit 3 Rooms 4
Unit 4 Apx Sqft 528
Unit 4 Rooms 3
Unit 5 Apx Sqft 504
Unit 5 Baths 1
Unit 5 Bedrooms 1
Unit 5 Rooms 3
Unit 6 Apx Sqft 504
Unit 6 Baths 1
Unit 6 Bedrooms 1
Unit 6 Rooms 3
Water Heater Gas - LP/Bottle, Separate

Exterior Features

Driveway Crushed Stone
Exterior Clapboard, Wood Siding
Exterior Features Deck, Fence - Partial, Outbuilding, Private Dock
Foundation Block
Garage Auto Open, Direct Entry
Garage Yes
Garage Capacity 4
Garage Type Carport
Lot Description Corner, Landscaped, Walking Trails
Lot Size Area 3.6
Parking Driveway, On-Site, Parking Spaces 6+, Unassigned
Road Frontage Yes
Road Frontage Length 150
Roads Paved, Public
Roof Shingle - Asphalt
Sewer Public
Total Gas Meters 6
Water Drilled Well

Property Schools

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Gallery (13 photos)

Listing Provided Courtesy Of:
Ken Libby with Stowe Area Realty LLC.

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Property vs Zip Code Avg (05672)

Price 650K Avg 440K

Sqr Feet 4,080 Avg 3,498

Cost / Sqr Ft $159 Avg $126

Taxes $8,867 Avg $6,263

Acres 3.6 Avg 2.22

Visits 3 Avg 4

Days on Site 103 Avg 79

Walkscore® 47 Avg 28

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Listing Provided Courtesy Of: Ken Libby with Stowe Area Realty LLC.

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Location & Address

Element Real Estate
139 Bank Street
Burlington, VT