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Listed by Trombley & Day Group • BHHS Vermont Realty Group/Morrisville-Stowe
$1,125,000
Est. payment /mo
5,608 SqFt
New
5 Park ST Morristown, VT 05661
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,608 sqft
Price per Sqft $200
MLS Listing ID 5115565
Construction Status Existing
Year Built 1878
Annual Tax Amount $12,697
Tax Year 2026
Lot Size 0.400 Acres
Acres 0.4
Property Description
The Governor's Mansion. Capitalize on this rare opportunity! This is an exceptional investment opportunity featuring 19 potential residential apartments and one office space. The Governor's Mansion is a well maintained three story property in the heart of downtown Morrisville, Vermont. Currently generating income from the three car garage, four residential apartments with an owner occupied residence that incorporates dedicated office space. The property has DRB approval for construction of 14 additional residential apartments, creating the opportunity to expand to 19 residential apartments while retaining the existing office space. This property offers a unique opportunity for investors, developers, or an owner occupant to live and work in downtown Morrisville while benefiting from rental income and future development potential. Its central downtown location, within walking distance of village amenities, schools, golf course and hospital, offers convenient access to everyday services and supports the property's long term investment potential. Position your next investment for growth. With existing income, DRB approved expansion potential and a desirable downtown location, the Governor's Mansion offers investors the opportunity to increase rental revenue and build long term value. Property is Broker Owned
Location
State VT
County Vt-lamoille
Area Vt-Lamoille
Zoning Central Business
Rooms
Basement Entrance Walk-up
Basement Basement Stairs, Concrete Floor, Crawl Space, Dirt, Exterior Access, Exterior Stairs, Interior Access, Interior Stairs, Other, Storage Space, Unfinished
Interior
Cooling None
Exterior
Garage Spaces 3.0
Utilities Available Cable at Site
Roof Type Other,Shingle
Building
Story 3
Sewer Public
Architectural Style Apartment Building, Multi-Family
Construction Status Existing
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