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Middlebury 5-Unit
Vermont Commercial Real
Estate Sold.
The town of Middlebury has purchased this property in order to improve the adjoining road that will connect the the new Cross Street Bridge. For more information visit Middlebury Town Office. This historic building has 4 two-bedroom units, one one-bedroom unit, and an unattached cottage studio with a rap-around porch. The State condemned the building in March of 2001 and it sat vacant until Tango Properties purchased and began renovations on the property. Renovations are not yet
complete and the property is selling in "As Is"
condition. The main building and all five units have
had a new oil-fired heating system installed by
Agway Energy. The building has a completely new
sprinkler system, a new EPDM roof, weatherization,
and a new DWV system. New electrical service has
been brought to the building and each unit has a new
panel box and completely new wiring. Additionally a new copper water system
has been installed.
The renovation of the front 4 units is almost complete. The units still need finish work: baseboard and window trim, and some floors refinished. The back unit has its DVW, its heating, electrical, and its sprinkler systems installed. It awaits its new water pipes, sheetrock, and finish work.
The units have been renovated
as anticipated rental units and with some upgrades, the units
could be attractive as condominiums at the lower end
of the condo market. The building itself is on a well-kept, quiet, and convenient downtown street; and overlooks the lovely Otter Creek. The building was built 200 years ago by the master builder David Piper, master carpenter of the beautiful and historic Middlebury congregational church. Basement Floor Plan 1st Floor Plan 2nd Floor Plan
For further information, call Pike Porter at Century 21 Jack Associates (802) 658-5555, or email him at PikePorter@C21Jack.com.
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No
work has yet been done on the cottage. Buyers will
need to obtain a construction permit from Vermont
Labor and Industry and a zoning permit from the town
of Middlebury, have all renovations completed, and
have a certificate of occupancy issued prior to
renting the cottage. The cottage might instead be
rented as extra storage for tenants, used as a
maintenance building, or removed.



