371 River St Montpelier, VT 05602

This unique property in Montpelier, Vermont, offers multiple possibilities with 300 feet of road frontage and exposure. The property includes a well-maintained 1934 cape-style home and a separate storage unit building. The three-bedroom, one-bathroom home features hardwood floors, a main floor bedroom, living room, mud room, den, dining room, a closet with a stackable laundry unit, a kitchen with back door access, and an updated bathroom. The house has been rented for $3,600 per month, including all utilities, to three tenants paying weekly. The home has previously served as an office building for several businesses. The basement, accessed by a private locked door in the lower parking area of the circular paved driveway, contains four inside locked storage units that generate $240 per month. Next to the house, there is a building with 11 storage units of varying sizes, currently generating $755 per month. The 1.12-acre property is zoned Residential, Eastern Gtwy and recently went through a change of use permit from Commercial to Residential zoning. The property offers potential for various uses, including living in the home and having the storage units cover expenses, or renting the house to tenants or a business to supplement the income from the storage units. All storage units are likely charging under market rates, but there are many long-term renters.