Closed

Listed by: Coldwell Banker Hickok and Boardman

Bought with: Brian French Real Estate

$750,000

186-190 Colchester Road, Essex, VT 05452

8beds

3,602sqft

Multi Family

Built in 1980

-- sqft lot

$852,900 Zestimate^®

$208/sqft

$2,110 Estimated rent

Home value

$852,900

$785,000 - $930,000

$2,110/mo

Zestimate^® history

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$2,110/mo

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$2,110/mo

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$4,033/mo

Est. payment

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$4,033/mo

Est. payment

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What's special

Minutes to burlington

Attention investors & developers! Two buildings on 4.1 acres with potential to double the number of units! Currently a single-family colonial and raised ranch-style duplex - both with 2-car garages and plenty of flat yard surrounded by mature trees. Long-term tenants with rent increases starting January 2023. Public water, separate septic, & recently serviced heating systems. Great short term enhanced development and revenue, and potential long-term enhanced development and revenue. Roof on 186 Colchester Rd is newer. Good location on the corner of Susie Wilson Road and Route 2 just minutes to all Essex amenities and just 15 minutes to Burlington.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 4
Full bathrooms: 4

Heating

Natural Gas, Baseboard, Hot Water

Cooling

None

Appliances

Included: Natural Gas Water Heater, Owned Water Heater, Shared Water Heater

Features

Flooring: Carpet, Vinyl
Basement: Walk-Out Access

Interior area

Total structure area: 4,814
Total interior livable area: 3,602 sqft
Finished area above ground: 2,662
Finished area below ground: 940

Property

Parking

Total spaces: 4
Parking features: Gravel, Assigned, Driveway, Garage, Off Street, On Site, Unassigned, Attached
Garage spaces: 4
Has uncovered spaces: Yes

Features

Levels: Two
Exterior features: Deck
Frontage length: Road frontage: 332

Lot

Size: 4.10 Acres
Features: Corner Lot

Details

Zoning description: Residential

Construction

Type & style

Home type: MultiFamily
Architectural style: Saltbox
Property subtype: Multi Family

Materials

Wood Frame, Brick Exterior, Vinyl Exterior
Foundation: Concrete
Roof: Asphalt Shingle

Condition

New construction: No
Year built: 1980

Utilities & green energy

Electric: Circuit Breakers
Sewer: Septic Tank
Water: Public

Community & neighborhood

Location

Region: Essex Junction

Other

Other facts

Road surface type: Paved

Price history

Date	Event	Price
7/31/2023	Sold	$750,000-13.3%$208/sqft
Source: PrimeMLS #4933091 Report a problem
5/9/2023	Contingent	$865,000$240/sqft
Source: PrimeMLS #4933091 Report a problem
4/15/2023	Price change	$865,000-21.4%$240/sqft
Source: PrimeMLS #4933091 Report a problem
2/9/2023	Price change	$1,100,000-15.4%$305/sqft
Source: PrimeMLS #4933091 Report a problem
12/16/2022	Price change	$1,300,000-13.3%$361/sqft
Source: PrimeMLS #4933091 Report a problem
10/10/2022	Listed for sale	$1,500,000$416/sqft
Source: PrimeMLS #4933091 Report a problem