Listing courtesy of Erik Reisner, Mad River Valley Real Estate erik@mrvre.com
3209 German Flats Road, #1, 2, & 3, Warren, VT, 05674
25 rooms
10 beds
1 Full / 9 three-quarter baths
1987
Condex, Conversion
5,345 sqft
Own an iconic property in the Mad River Valley. The Mad House Rentals, previously known as the Common Man Restaurant, is a distinguished barn property that has been completely renovated from a restaurant into three luxury condominium units. This location is ideally situated between Lincoln Peak and Mount Ellen, with winter access to the Mad Bus and hiking right outside your door in the summer. These units have been in operation since 2019 and have an excellent income producing rental history. All three units are approximately 2000 square feet each, and have the following appointments: Impeccably furnished with smart TV’s in every room, Ensuite Primary Bedrooms (one unit having 3 bedroom suites), Full Kitchens, Laundry areas, A/C in two units, Ski lockers, Hot tubs, and Outside patios w/grills. Whether you're a single family or several families, this is a great chance to own a high-end Mad River Valley property and earn income at the same time. Full-time investors can expect strong annual income from this property. Come discover the unique and endless opportunities that this property has to offer.
Status:
Active
Type:
Condo/Townhome/Coop
Units:
3
Zoning:
VR
Frontage:
360
Complex:
Mad House CondosMad House Condos
Heating:
Propane, Baseboard, Hot Water, Mini Split
Cooling:
Multi Zone, Mini Split
Basement:
Concrete Floor, Insulated, Partial, Storage Space, Unfinished, Exterior Access
Acreage:
0.9
Est. Taxes:
$19,966
Lot Description:
Condo Development,Country Setting,Landscaped,Near Golf Course,Near Paths,Near Skiing
Amenities:
Building Maintenance, Master Insurance, Landscaping, Snow Removal, Trash Removal
Elementary School:
Warren Elementary School
Middle School:
Harwood Union Middle/High
High School:
Harwood Union High School
School District:
Washington West
MLS #:
5058378