386-388 Marble Island Road Colchester, Vermont 05446

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Under Contract Status
$499,900 Price
Multi Type
4 Beds
6 Baths
3,960 Sqft
Listed By Jonathon Templeton of KW Vermont

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NMLS# 446767

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The Town of Colchester is surrounded by water on three sides including the Lamoille River to the north, the Winooski River to the south, and the jewel of Vermont, Lake Champlain to the west. Marble Island and its beautiful Marina are located...

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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

Property Details

Contract Date  Apr 19th, 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
Gross Income  $37,800 Operating Expenses  $0 Net Income  $0
Expenses Includes 
Unit 1   2 Beds, 3 Baths, 1,980 SqFt, $1,500/Monthly Unit 2   2 Beds, 3 Baths, 1,980 SqFt, $1,650/Monthly
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  
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
School District  Colchester School District Middle  Colchester Middle School
Elementary  Malletts Bay Elementary School High  Colchester High School
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.