Attention investors & developers! Two buildings on 4.1 acres with potential to double the number of units! Currently a single-family colonial and raised ranch-style duplex - both with 2-car garages and plenty of flat yard surrounded by mature trees. Long-term tenants with rent increases starting January 2023. Public water, separate septic, & recently serviced heating systems. Great short term enhanced development and revenue, and potential long-term enhanced development and revenue. Roof on 186 Colchester Rd is newer. Good location on the corner of Susie Wilson Road and Route 2 just minutes to all Essex amenities and just 15 minutes to Burlington.
- Price:
- $1,100,000
- Bedrooms:
- 8
- Full Baths:
- 4
- Square Footage:
- 3,602
- Acreage:
- 4.10
- Year Built:
- 1980
- Listing ID #:
- 4933091
- Street Address:
- 186-190 Colchester Road
- City:
- Essex
- State:
- Vermont
- Postal Code:
- 05452
- County:
- Chittenden
- Listing Status:
- Active
- Listing Type:
- ResidentialAttached
- Basement Access:
- Walkout
- Basement Description:
- Apartments
- Building Color:
- White/Brow
- Construction Description:
- Wood Frame
- Construction Status:
- Existing
- Exterior Features:
- Deck
- Finished Above Ground Square Footage:
- 2662
- Finished Basement Square Footage:
- 940
- Finished Square Feet:
- 3602
- Flooring:
- Carpet, Vinyl
- Foundation:
- Concrete
- Has Basement:
- Yes
- Number Of Units:
- 3
- Siding:
- Brick, Vinyl
- Stories:
- 2
- Style:
- Saltbox
- Total Building Square Footage:
- 4814
- Type Of Roof:
- Shingle - Asphalt
- Unfinished Basement Square Footage:
- 1212
- Unit1 Bathrooms:
- 1
- Unit1 Bedrooms:
- 3
- Unit1 Square Footage Range:
- 1440
- Unit1 Total Rooms:
- 5
- Unit2 Bathrooms:
- 1
- Unit2 Bedrooms:
- 3
- Unit2 Square Footage Range:
- 1480
- Unit2 Total Rooms:
- 5
- Unit3 Bathrooms:
- 2
- Unit3 Bedrooms:
- 2
- Unit3 Square Footage Range:
- 1300
- Unit3 Total Rooms:
- 4
- Year Built:
- 1980
- Gross Income:
- 60900
- Net Operating Income:
- 17955
- Operating Expense:
- 42945
- Conforms To Zoning:
- Residential
- Lot Description:
- Corner
- Lot Square Footage:
- 178596
- Road Frontage:
- 332
- Road Type:
- Paved, Public
- Days On Market:
- 173
- Price Per Square Foot:
- 413.22
- Property Taxes:
- $12,805
- Tax Year:
- 2022
- Driveway:
- Gravel
- Garage Capacity:
- 4
- Garage Description:
- Assigned
- Garage Type:
- Attached
- Has Garage:
- Yes
- Parking Description:
- Driveway, Garage, Off Street, On-Site, Unassigned
- Electricity:
- Circuit Breaker(s)
- Existing Water:
- Public
- Heating:
- Baseboard, Hot Water
- Heating Fuel:
- Gas - Natural
- Sewage Type:
- Septic
- Utilities:
- Internet - Cable
- Water Heater:
- Gas - Natural, Owned, Shared
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listing Provided By: Lipkin Audette Team () with Coldwell Banker Hickok and Boardman
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