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
Sold By Geri Reilly Real Estate
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Colchester
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
| Sold Price $500,000 | Sold Date Jun 18th, 2021 | |
|---|---|---|
| List Price 499,900 | Bedrooms 4 | Garage Size 2 Car |
| Cooperation Fee Unknown | Total Bathrooms 6 | Year Built 1988 |
| MLS# 4855419 | Lot Size 0.47 Acres | Taxes $7,240 |
| Type Multi-Family | Days on Market 1318 Days | Tax Year 2020 |
| 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 PrimeMLS IDX Program and do not represent the views and opinions of Coldwell Banker Hickok & Boardman. Coldwell Banker Hickok & Boardman cannot be held responsible for possible violations of copyright resulting from the posting of any data from the PrimeMLS IDX Program.
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