Fully Occupied Specialty
For Sale
$3,999,000
24 Jersey Way, Morristown, VT 05661
Fully occupied specialty property with an adjacent, separately listed parcel permitted under Act 250.
Property Size13,440 SF
Price / SF$297.54
Days on Market782
Property Features for 24 Jersey Way
General Information
Standard status
Active
Size
13,440 SF
Property subtype
Multi Family
Zoning
Residential/commercial
Occupancy
100%
Amenities
Dumpster
Mini Split
Electric, Mini Split
No
Carpet, Vinyl Plank
2
16
15
Concrete, Crawl Space, Exterior Access, Frost Wall, No Tenant Access
38
Shingle - Asphalt
Red-yellow
Balcony, Deck, Fence - Partial, Window Screens, Windows - Double Pane, Windows - Low E
Building Maintenance, Master Insurance, Snow Removal, Storage - Indoor, Trash Removal
Wood Frame, Board and Batten Exterior, Vinyl Siding
Building Details
Year Built
2024
Listing Agency:
Provost Real Estate LLC
Listed By:
Robert Provost
(802) 793-3536
Source:
Compass
Added: Jul 17, 2024
Changed: Aug 8
Last Checked: Jul 22 at 11:49PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Provost Real Estate LLC
Investment Insights
Based on property information with market context.
This fully occupied specialty property is part of Jersey Heights Residences LLC and is being offered for sale. In addition to the existing improvements, an adjacent parcel is available and is fully permitted through Local Authority and Act 250.
The adjacent parcel is improved with municipal water and sewer, underground power, sidewalks, and a paved driveway and parking area for an additional 8 units. The adjacent parcel is separately listed.
For prospective buyers and brokers, the combination of an income-producing, currently fully occupied property and a permitted adjacent expansion parcel provides a straightforward path to evaluate near-term opportunities tied to the existing site plan and utilities.
The adjacent parcel is improved with municipal water and sewer, underground power, sidewalks, and a paved driveway and parking area for an additional 8 units. The adjacent parcel is separately listed.
For prospective buyers and brokers, the combination of an income-producing, currently fully occupied property and a permitted adjacent expansion parcel provides a straightforward path to evaluate near-term opportunities tied to the existing site plan and utilities.
Key Highlights
- Year built 2024 with 2 stories and 38 total rooms above ground
- Fully occupied specialty property; adjacent parcel is separately listed and fully permitted through Act 250
- Interior includes mini split cooling and electric/mini split heating, plus carpet and vinyl plank flooring
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
272
Businesses Nearby
Explore this area
Business Placement
Demographics for 05661, VT
5,881
Population
3,276
Households
1.8
Avg Household Size
45
Median Age
40%
College-Educated
94%
High-School Grad
65.3 sq mi
ZIP Area
90
Density / Sq Mi
$65,057
Median Household Income
$40,781
Median Earnings
$1,176
Median Rent
$268,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Specialty property - Fully occupied specialty property with an adjacent, separately listed parcel permitted under Act 250.
Where is this specialty property located?
The property is located at 24 Jersey Way Morristown, VT.
What is the asking price?
The asking price for this property is $3,999,000.
What are key features of this property?
This property features: Year built 2024 with 2 stories and 38 total rooms above ground; Fully occupied specialty property; adjacent parcel is separately listed and fully permitted through Act 250; Interior includes mini split cooling and electric/mini split heating, plus carpet and vinyl plank flooring
