386-388 Marble Island Road Colchester, Vermont 05446 MLS# 4855419

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Sold Status

$500,000 Sold Price

Multi Type

4 Beds

6 Baths

3,960 Sqft

Listed By Jonathon Templeton of KW Vermont
Sold By Geri Reilly Real Estate

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Colchester

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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. †

Property Location

386-388 Marble Island Road Colchester

Property Details

Essentials

Sold Price $500,000		Sold Date Jun 18th, 2021
MLS# 4855419	Bedrooms 4	Garage Size 2 Car
List Price 499,900	Total Bathrooms 6	Year Built 1988
Type Multi-Family	Lot Size 0.4700 Acres	Taxes $7,240
Units 2	Stories 2	Road Frontage 159
Annual Income $37,800	Style Duplex	Water Frontage
Annual Expenses $0	Finished 3,960 Sqft	Construction No, Existing
Zoning R2	Above Grade 2,680 Sqft	Seasonal No
Total Rooms 4	Below Grade 1,280 Sqft	List Date Apr 13th, 2021

Expenses

Gross Income $37,800	Operating Expenses $0	Net Income $0

Expenses Includes

Unit Size & Rent

Unit 1 2 Beds, 3 Baths, 1,980 SqFt, $1,500/Monthly	Unit 2 2 Beds, 3 Baths, 1,980 SqFt, $1,650/Monthly

Building

ConstructionWood Frame
BasementInterior, Partially Finished, Interior Stairs, Full, Interior Access
Interior Features
Exterior Features

Exterior Vinyl Siding	Disability Features
Foundation Block	House Color Beige
Floors Vinyl, Carpet, Laminate	Building Certifications
Roof Shingle-Asphalt	HERS Index

Property

DirectionsTake Route 127 from Burlington (turns into Prim Road) all the way to the end. Take a left onto West Lakeshore Drive. Take your first right onto Marble Island Road. Continue straight, property is on your right after Ledge Road.
Lot Description, Wooded Setting, Wooded, Level, Natural Shade
Garage & Parking Yes, , , Driveway

Road Frontage 159	Water Access
Driveway Gravel	Water Type Lake
Flood Zone No	Water Body
Zoning R2

Schools

School District Colchester School District	Middle Colchester Middle School
Elementary Malletts Bay Elementary School	High Colchester High School

Utilities

Heat Fuel	Excluded Washer and dryers are tenant owned and do not convey.
Heating/Cool None, Hot Water	Negotiable
Sewer Septic	Parcel Access ROW
Water Public	ROW for Other Parcel
Water Heater Off Boiler	Financing
Cable Co	Documents Property Disclosure, Deed, Tax Map
Electric 100 Amp, Circuit Breaker	Tax ID 153-048-18413

† The remarks published on this webpage originate from Listed By Jonathon Templeton of KW Vermont via the NNEREN IDX Program and do not represent the views and opinions of Coldwell Banker Hickok & Boardman. Coldwell Banker Hickok & Boardman Realty cannot be held responsible for possible violations of copyright resulting from the posting of any data from the NNEREN IDX Program.