23 Austin Drive Bristol, Vermont 05443 MLS# 4942762

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Sold Status

$950,000 Sold Price

Multi Type

14 Beds

8 Baths

7,748 Sqft

Listed By David Parsons of RE/MAX North Professionals - Burlington
Sold By Greentree Real Estate

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Addison County

23 Austin Drive

Exceptional Investment and Development Opportunity in Beautiful Bristol, Vermont! This terrific property includes a multi-family compound with a total of 10 units in 5 existing residential buildings (1 triplex, 1 stand alone and 3 duplexes comprising 18 bedrooms in all) in addition to 3 outbuildings excellent for storage and parking. The standalone unit is a recently constructed energy efficient 2bdrm. Property for sale also includes two adjacent building lots with approved septic for 4 bedroom homes. Well maintained property with excellent numbers that has been refreshed during turnover periods. Potential for additional residential density. Nice open property with gardens, lawn, ample parking and storage. Located minutes from vibrant and bustling Bristol Village known for it's Main Street of charming shops and restaurants and natural beauty. Only 15 minutes from Middlebury and 40 minutes from Burlington. This property offers a tremendous turnkey investment and an opportunity to build your vision. Take a look today!

Property Location

23 Austin Drive Bristol

Property Details

Sold Price  $950,000 Sold Date  Sep 21st, 2023
MLS#  4942762 Bedrooms  14 Garage Size  4 Car
List Price  1,050,000 Total Bathrooms  8 Year Built  1973
Type  Multi-Family Lot Size  10.1900 Acres Taxes $15,133
Units  10 Stories  1 Road Frontage  875
Annual Income  $156,600 Style  Duplex, Freestanding, Multi-Family, Ranch Water Frontage  
Annual Expenses  $0 Finished  7,748 Sqft Construction  No, Existing
Zoning   Res Above Grade  6,956 Sqft Seasonal  No
Total Rooms  14 Below Grade  792 Sqft List Date  Feb 9th, 2023
Gross Income  $156,600 Operating Expenses  $0 Net Income  $97,583
Expenses Includes 
Unit 1   2 Beds, 1 Baths, $1,600/Monthly Unit 2   2 Beds, 1 Baths, $1,400/Monthly
Unit 3   1 Beds, 1 Baths, $1,000/Monthly Unit 4   2 Beds, 1 Baths, $1,450/Monthly
Unit 5   2 Beds, 1 Baths, $1,450/Monthly Unit 6   2 Beds, 1 Baths, $1,600/Monthly
Unit 7   2 Beds, 1 Baths, $1,050/Monthly Unit 8   1 Beds, 1 Baths, $900/Monthly
ConstructionWood Frame
BasementWalkout, Crawl Space, Walkout
Interior Features
Exterior Features
Exterior  Vinyl Disability Features  
Foundation  Block House Color  
Floors   Building Certifications  
Roof  Metal, Shingle HERS Index  
DirectionsMain Street in Bristol to South Street, then right on Hewitt Road, Austin Drive on the right.
Lot Description, Country Setting
Garage & Parking  Yes, , , Off Street
Road Frontage  875 Water Access  
Driveway  Dirt Water Type  
Flood Zone  Unknown Water Body  
Zoning  Res
School District  Addison Northeast Middle  Mount Abraham Union Mid/High
Elementary  Bristol Elementary School High  Mount Abraham UHSD 28
Heat Fuel  , Oil, Gas-Lp/Bottle Excluded  
Heating/Cool  None, Baseboard Negotiable  
Sewer  1000 Gallon, Septic Parcel Access ROW  
Water  Dug Well, Drilled Well ROW for Other Parcel  
Water Heater  Gas-Lp/Bottle Financing  
Cable Co  Choice Documents  Survey, Deed, Septic Design, State Wastewater Permit, Survey
Electric  Circuit Breaker Tax ID  093-029-10060

† The remarks published on this webpage originate from Listed By David Parsons of RE/MAX North Professionals - Burlington 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.