Brattleboro, VT 05301,829 Marlboro Rd
Listed by Michael Granger • Granger Real Estate
Bought with Jane Sonntag • Berkley & Veller Greenwood Country

$487,500

$569,500

14.4%
Est.Price: ?

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Est. payment /mo

4,774 SqFt


SOLD DATE : 06/24/2015

Key Details

Sold Price $487,500

Property Type Commercial

Sub Type Business,Hospitality

Listing Status Sold

Purchase Type For Sale

Square Footage 4,774 sqft

Price per Sqft $102

MLS Listing ID 4314878

Sold Date 06/24/15

Construction Status Existing

Year Built 1957

Annual Tax Amount $6,258

Tax Year 2015

Property Sub-Type Business,Hospitality

Property Description

On 4 acres, back and above the highway, this well known motel has a great business and large owners' quarters. It has evolved to being mostly rented by the week with very little turnover. For the last 2 years it's averaged about 92% occupancy. This lucrative home and business also means the owner only spends about 10 hours a week actually running the business. It's perfect for and owner occupied business or an investor could put a manager in place in exchange for management and the housing. This evolved motel provides a much needed service for long term guests looking to simplify their lives with refrigerators, microwaves, utilities, WiFi, cable TV and local/long distance phone included in the price. The owners' quarters includes a large lobby with front desk and fireplace, eat-in kitchen, living room, 2 bedrooms, full tiled bathroom, laundry and spa room with hot tub, shop and garage. This lucrative business last year grossed over $136k with an NOI of over $95k.

Location

State VT

County Vt-windham

Area Vt-Windham

Zoning Brattleboro

Rooms

Basement Crawl Space, Partial

Interior

Flooring Carpet, Vinyl

Exterior

Parking Features Parking Spaces 11 - 20, Parking Spaces 21+

Garage Description Parking Spaces 11 - 20, Parking Spaces 21+

Utilities Available Cable - Available

Roof Type Membrane,Shingle

Building

Foundation Slab - Concrete

Sewer Private Available

Construction Status Existing

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