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603-643-3942
5 Old Nugget Alley
Hanover, NH 03755

$1,690,000

MLS# 5085830
7566 sq.ft. Bedroom | 0 Bathroom
Multi Family
156 Main Street Ludlow VT 		 
$1,690,000 | $223 per sq.ft. | MLS# 5085830 A 9  Unit Multi Family Home, 156 Main Street Ludlow VT With 4 - One Bedroom Units | 3 - Two Bedroom Units

Description:
In the heart of the ever-popular Ludlow, Vermont, sits an 11,409 square foot commercial building with 7,566 square feet of finished space. Built in 1990, it is situated in a prime location on Main Street in the center of the village providing it with excellent visibility, walkability, and proximity to Ludlow's charming boutiques and local dining. It is full of investment possibilities with seven apartments and two commercial spaces. The two commercial spaces are located on the first floor overlooking Main Street, with flexibility to convert to one large unit. There are 3 two-bedroom apartments and 4 one-bedroom apartments. Each apartment has a furnished kitchen and a full bathroom. The property itself has been well maintained and has a complete fire suppression sprinkler system. There is ample parking, with an onsite parking lot for 15 vehicles as well as on-street parking. The building's exterior is vinyl-sided with wood trim and the windows are double pane. This property definitely has income potential when fully leased at market rents, including a previously occupied commercial space at approximately $40,000 annually. The property is projected to support gross income of approximately $150,000. This presents a clear lease-up and value-add opportunity for a new owner to stabilize operations and unlock the asset's full income potential. This is an investor's dream as it sits minutes from Vail-owned Okemo Mountain Resort, which offers year-round recreation, Fox Run Golf Course, and a number of lakes for boating, swimming and fishing. Located in Southern Vermont, Ludlow is easily accessible from major Northeastern cities. This property offers a turn-key chance to become a part of one of Vermont's most desirable communities. It is a must see! Appliances : Domestic Water Heater | Water Heater off Boiler

Annual Expenses
Taxes: $13,821 		    Income
UNIT 1 INFORMATION

Beds: 2
Baths: 1
Rooms: 4
Sq.Ft.: 685
Level: 1
Info : CO Detector,Dishwasher,Oil Heat,Heat Included,Hot Water,Electric Range,Refrigerator,Smoke Detector,Storage
Tenant Pays : Electric,Internet Service
Lease Term : Month to Month
Signed Lease : Yes
Status : Leased
UNIT 2 INFORMATION

Beds: 1
Baths: 1
Rooms: 3
Sq.Ft.: 550
Level: 1
Info : CO Detector,Dishwasher,Oil Heat,Heat Included,Hot Water,Electric Range,Refrigerator,Smoke Detector,Storage
Tenant Pays : Electric,Internet Service
Lease Term : Month to Month
Signed Lease : Yes
UNIT 3 INFORMATION

Beds: 2
Baths: 1
Rooms: 4
Sq.Ft.: 665
Level: 2
Style : C-two bedroom unit 2nd fl
Info : CO Detector,Dishwasher,Oil Heat,Heat Included,Hot Water,Electric Range,Refrigerator,Smoke Detector,Storage
Status : Vacant
UNIT 4 INFORMATION

Beds: 1
Baths: 1
Rooms: 3
Sq.Ft.: 500
Level: 2
Info : CO Detector,Dishwasher,Oil Heat,Heat Included,Hot Water,Electric Range,Refrigerator,Smoke Detector,Storage
Status : Leased
UNIT 5 INFORMATION

Beds: 1
Baths: 1
Rooms: 3
Sq.Ft.: 510
Level: 2
Info : CO Detector,Dishwasher,Oil Heat,Heat Included,Hot Water,Electric Range,Refrigerator,Smoke Detector,Storage
Signed Lease : No
UNIT 6 INFORMATION

Beds: 1
Baths: 1
Rooms: 3
Sq.Ft.: 510
Style : F-one bedroom unit 2nd fl
Info : CO Detector,Dishwasher,Oil Heat,Heat Included,Hot Water,Electric Range,Refrigerator,Smoke Detector,Storage
Signed Lease : Yes
Status : Leased
UNIT 7 INFORMATION

Beds: 2
Baths: 1
Sq.Ft.: 740
Info : CO Detector,Dishwasher,Oil Heat,Heat Included,Hot Water,Electric Range,Refrigerator,Smoke Detector,Storage

FEATURES AND DETAILS

CONSTRUCTION: Wood Frame | Vinyl Exterior | Vinyl Siding | Price Per SQ.FT. 223.37 | Year Built: 1990
 LAND DESCRIPTION: LOT DESCRIPTION: City Lot | Curbing | Level | Mountain View | Neighbor Business | Recreational | Sidewalks | Street Lights | In Town | Near Golf Course | Near Shopping | Near Skiing | Near Snowmobile Trails | Near Public Transportatn | Near School(s)
Avail.Sq.Ft.: 9
Livable Space: 7566
Above Grade Sq.Ft.: 7566
Below Grade Sq.Ft.: 0
Heating: Oil | Baseboard | Hot Water | Multi Zone
Cooling: None
Electric: 100 Amp Service | 200+ Amp Service
Style: Apartment Building | Multi-Family | Multi-Level
Roof: Bitumen | Membrane
Water: Public Water On-Site
Sewer: Public Sewer On-Site
Lot size: 0.38 acres
Zoned: commercial, downtown
Surveyed: Yes
SurveyedBy: Ralph Micheal
Flood Zone: Yes
Seasonal: No
Road Frontage: 37
Driveway: Paved | Right-Of-Way (ROW)
ADDITIONAL INFORMATION
Taxes $13,821  | Assesed Value $0 in
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15 Buck Rd. Hanover, NH 03755 603-643-3942

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