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Approximate Sketched Boundaries of 23 Austin Drive and 2 Hewitt Road Building Lots
Kitchen/Living of newly remodeled 2bdrm
Living/Kitchen of Newly Remodeled 2bdrm (Typical Floorplan))
Bedroom 1 of Newly Remodeled 2bdrm (Typical Floorplan)
Bedroom 2 of Newly Remodeled 2Bdrm (Typical Floorplan)
2 Bedroom Unit Kitchen
2 Bedroom Unit Living Room
2 Bedroom Unit Bedroom
2 Bedroom Unit Bathroom
Shared Laundry
2 Bedroom Kitchen
2 Bedroom Living Room
2 Bedroom Bedroom
2 Bedroom Bathroom
Standalone Unit Living Room (Newer Build)
Standalone Unit Kitchen/Living (Newer Build)
Standalone Living/Kitchen Room (Newer Build)
Standalone Unit Bedroom (Newer Build)
Standalone Unit Bedroom 2 (Newer Build)
Standalone Unit Bathroom (Newer Build)
Standalone Unit Exterior
2 Unit
2 Unit
2 Unit
3 Unit
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
Property Details
MLS# 4942762
Bedrooms 14
Garage Size 4 Car
List Price 1,100,000
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
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† 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.
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