2751 Mallett's Bay Avenue Colchester, Vermont 05446 MLS# 4678670

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Sold Status

$265,000 Sold Price

Multi Type

3 Beds

2 Baths

1,394 Sqft

Listed By Michaela Quinlan of Coldwell Banker Hickok & Boardman - (802)881-1170
Sold By Cannizzaro Real Estate
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Colchester

2751 Mallett's Bay Avenue

Do not miss out on this fantastic investment, cap rate 7.5%. This property is easy to rent! 1 bedroom rents for $1000 and 2 bedroom unit rents for $1200. Owners have taken great care of the property since they bought in 2013. Updates since purchase include: 1st floor unit: remodeled/expanded bath; Kitchen: cabinets, counter top, appliances and flooring; sanded and refinished wood floors, new carpet in hall, front door, got rid of popcorn ceiling. 2nd floor unit: new kitchen counter tops, sink/counter top in bath, two egress windows, removed popcorn ceiling. Basement: new steel support beams, two new 40 gallon gas hot water heaters, put in pea gravel. Washer (2018) & dryer (2015). Each unit has an enclosed 3 season porch, upstairs unit has a second covered porch as well. Close to Winooski Town Center, Shops and Restaurants, Mallett's Bay and just a 10 minute drive to Downtown Burlington. 2 car garage with additional 5+ parking spots in driveway. Showings start Saturday 3/3.

Property Location

2751 Mallett's Bay Avenue Colchester

Property Details

Sold Price  $265,000 Sold Date  May 4th, 2018
List Price  270,000 Bedrooms  3 Garage Size  2 Car
Cooperation Fee  Unknown Total Bathrooms  2 Year Built  1920
MLS#  4678670 Lot Size  0.4 Acres Taxes $3,675
Type  Multi-Family Days on Market  2458 Days Tax Year 2017
Units  2 Stories  2 Road Frontage  
Annual Income  $0 Style  Duplex, Multi-Family, Multi-Level Water Frontage  
Annual Expenses  $6,182 Finished  1,394 Sqft Construction  No, Existing
Zoning   Residential Above Grade  1,394 Sqft Seasonal  No
Total Rooms  3 Below Grade  0 Sqft List Date  Feb 28th, 2018
Gross Income  $0 Operating Expenses  $6,182 Net Income  $26,400
Expenses Includes 
Unit 1   1 Beds, 1 Baths, 722 SqFt, $1,000/Mo Unit 2   2 Beds, 1 Baths, 672 SqFt, $1,200/Mo
ConstructionWood Frame
BasementWalk-up, Unfinished, Gravel, Storage Space, Crawl Space, Unfinished
Interior Features
Exterior Features
Exterior  Vinyl Siding Disability Features  
Foundation  Stone House Color  White
Floors  Vinyl, Carpet, Hardwood Building Certifications  
Roof  Shingle-Architectural, Membrane HERS Index  
DirectionsFrom Winooski, take Mallett's Bay Avenue after crossing into Colchester. Property is on right.
Lot Description, Sloping, Sloping, Near Bus/Shuttle
Garage & Parking  Yes, , , 6+ Parking Spaces, Off Street, Parking Spaces 6+
Road Frontage   Water Access  
Driveway  Paved Water Type  
Flood Zone  Unknown Water Body  
Zoning  Residential
School District  Colchester School District Middle  Colchester Middle School
Elementary  Malletts Bay Elementary School High  Colchester High School
Heat Fuel   Excluded  
Heating/Cool  None, Direct Vent, Monitor Type Negotiable  
Sewer  Public Parcel Access ROW  
Water  Public ROW for Other Parcel  
Water Heater  Owned, Electric, Gas-Natural, Separate Financing  
Cable Co  Comcast Documents  Deed, Property Disclosure
Electric  100 Amp, Circuit Breaker Tax ID  153-048-22639
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