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Located just a few blocks from the shores of Lake Champlain's Mallet's Bay, this Colchester duplex is an excellent investment opportunity. An established rental property with separate utilities, detached garage and additional parking, each unit features three finished floors and a private back deck. Both units feature two bedrooms and an additional office on the top level, with bathrooms on each floor - two full-sized and one half-bath. Large finished basements provide ample room for storage or additional entertainment space. Unit 2 has an updated kitchen and both feature washer/dryer hook-ups. Currently rented on a month-to-month basis at a below-market rate, with room to increase rental income. Unit 2 tenants vacate on June 1st, making for the potential to Owner Occupy. Lake and land recreation areas are easily accessible, with several nearby beaches and Burlington's bike path just a short distance away. Showings begin Friday, 4/16.

More Info

Basic Information

  • StatusPEN
  • Property TypeMulti-Family
  • List Price$499,900
  • MLS Number4855419
  • MLS StatusPending

Property

  • Acreage0.47
  • Parking Spaces2
  • Square Feet3,960
  • APX Fin AG Sqft2,680
  • Road Frontage159
  • RoadsPublic
  • Lot DescriptionInterior Lot, Level, Wooded

Utilities

  • Heat FuelGas - Natural
  • Heat SystemHot Water
  • UtilitiesGas - Underground
  • WaterPublic
  • Water HeaterOff Boiler
  • Electric100 Amp, Circuit Breaker(s)
  • SewerSeptic

Location

  • TownColchester
  • StateVT
  • Zip05446
  • CountyChittenden
  • ZoningR2
  • Elementary SchoolMalletts Bay Elementary School
  • Junior HighColchester Middle School
  • High SchoolColchester High School
  • Flood Zone Y/NNo

Interior

  • APX Fin Below Grade1,280
  • FloorsCarpet, Laminate, Vinyl

Exterior

  • ExteriorVinyl Siding
  • RoofShingle - Asphalt
  • Exterior ColorBeige

Amenities

  • Exterior AmenitiesDeck, Natural Shade

Water Body

  • Water Body TypeLake
  • Water Body NameLake Champlain
  • Water AccessShared
  • Water ViewNo
  • Water Access Details
    • Beach Access
    • Cross a Street to Access
    • Indirect
    • Not Adjoining
    • Other
    • Right of Way

Building

  • Year Built1988
  • Building ConstructionWood Frame
  • StyleDuplex
  • Units2
  • Unit 1 Bath3
  • Unit 1 Bedrooms2
  • Unit 1 Floor Location2 Story
  • Unit 1 Total Rooms5
  • Unit 2 Bath3
  • Unit 2 Bedrooms2
  • Unit 2 Floor Location2 Story
  • Unit 2 StyleTownhouse Style
  • Unit 2 Total Rooms5
  • # of 2 Bedrooms2
  • Bathroom4
  • Total Baths4
  • BasementFull, Partially Finished, Stairs - Interior, Interior Access
  • FoundationBlock

Other

  • Taxes$7,240
  • Seasonal Y/NNo
  • TrashCans, Owner, Recycle
  • Date Showings Begin2021-04-16
  • Unit 1 Deposit$1,500
  • Unit 2 Rent Amount$1,650
  • View Count1

Map Location

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Listed by Jonathon Templeton of KW Vermont
Broker Reciprocity

Copyright 2021 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the IDX Program of NEREN. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated June 12, 2021.

 

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