About this home
Here is a great investment/business opportunity in the heart of the Mad River Valley. Prime location with very high traffic count and close to two shopping centers, Sugarbush Resort, and Mad River Glen. There are two commercial spaces, one being a former physical therapy practice. The second commercial space is currently a real estate office. There are two residential apartments: a 3-bedroom, 1-bath unit with tenants that have been in residence for 30+ years. The second residential unit has two bedrooms and one bath. There is a shared laundry room in between the units. The building has been very well maintained and a solid investment for the current owners. While currently on a drilled well and private septic, municipal water is at the street, and a bond recently passed for the installation of municipal sewer which opens up tons of potential uses for this building. The apartments have nice easterly views of the Northfield Range, southern views towards Sugarbush Resort, and even pleasant western vista. It could easily become quite the luxury penthouse! Former uses of the commercial space include a restaurant and office space.
Listing last checked: Listing updated:
Listed by Erik Reisner · Mad River Valley Real Estate · MLS #5096869
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Details at a glance
Interior2 property facts
- Heating
- Propane
- Basement
- Not reported
Building3 property facts
- Style
- Other
- Foundation
- Block
- Roof
- Shingle
Land & utilities5 property facts
- Lot size
- 1.5 acres
- Water
- Well
- Sewer
- Septic Tank
- Pool
- Not reported
- Zoning
- Irasville Village Dist
Financial2 property facts
- Annual taxes
- $14,323
- Assessment year
- 2025
Location
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Estimated monthly cost
Explore costs at the $885,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$5,669 / monthAdjust
- Principal & interest
- $4,475
- Property tax
- $1,194
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $14,323. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.
Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
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About 4740 Main Street
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