86 Main Street, Ludlow, VT, 05149 | $1,350,000

Turnkey Village Inn and Restaurant in the heart of Ludlow, Vt. only steps to Okemo Mountain Ski Resort. This fully furnished and equipped property includes 9 guest rooms with private baths, a 2 bedroom, 2 bathroom owner’s apartment, and a former wine bar/restaurant space ready to relaunch with all FF&E included. Historic charm throughout, wood floors, fireplaces, and original detail-paired with numerous renovations and upgrades, and strong income potential. Walkable to shops, dinning and the Okemo shuttles. Flexible village center zoning supports a range of commercial or residential uses. The proximity of the Governor’s Inn to local attractions, such as the Okemo's winter and summer activities, Friday night concerts, farmers market, buttermilk falls, lakes region, hiking trail, cheese factories and Black River sees year round business with skiers, hikers, bicyclists, boaters and fishing. This is not just a winter ski inn, The Governor's Inn operates year-round generating consistent revenue across all four seasons. The inn is also part of the collaboration between four inns that offers a walking experience to guests between the months of May and October. The top four income producing months are October, September, August and February, in that order. A rare opportunity to own a move in ready, income-generating property in one of Vermont’s most desirable ski towns.

Features

  • Rooms: 20
  • Bedrooms: 11
  • Baths: 10 full
  • Units: 2
  • Style: Victorian
  • Year Built: 1890
  • Heating: Oil,Baseboard,Electric,Floor Furnace,Mini Split
  • Cooling: Mini Split
  • Basement: Concrete Floor,Full,Storage Space,Walkout,Interior Access,Exterior Access,Basement Stairs
  • Approx Sq. Feet: 6,069
  • Acreage: 0.44
  • Est. Taxes: $14,079
  • Lot Desc: Level,Major Road Frontage,Mountain View,Sidewalks,In Town,Near Golf Course,Near Shopping,Near Skiing,Near School(s)
  • Elem. School: Ludlow Elementary School
  • Middle School: Choice
  • High School: Choice
  • School District: Two Rivers Supervisory Union
  • MLS#: 5031160
  • Website: https://www.raveis.com
    /prop/5031160/86mainstreet_ludlow_vt?source=qrflyer
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Listing courtesy of TPW Real Estate   Phone: 802-228-9400
Listing Agent: John Napier

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Brian SkellyVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 793093

203.415.2989

Brian.Skelly@raveis.com

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86 Main Street, Ludlow, VT, 05149

$1,350,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Brian Skelly

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 203.415.2989

Brian.Skelly@raveis.com

NMLS Mortgage Loan Originator ID 793093

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,080,000 $1,080,000 $1,080,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.250% 6.000% 5.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.294% 6.133% 6.058%
Monthly Tax Payment $1,173 $1,173 $1,173
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $5,964 $6,475 $9,041
Total Monthly Payment $7,262 $7,773 $10,339

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.