1659 Main Street Colchester, Vermont 05446 MLS# 4825179

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Sold Status

$925,000 Sold Price

Multi Type

16 Beds

8 Baths

7,164 Sqft

Listed By David Chenette of Chenette Real Estate
Sold By John Black Real Estate Team of Coldwell Banker Hickok and Boardman
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1659 Main Street

Well maintained 8 unit complex on a 4 acre lot in country like setting for those who prefer to be away from the city. Nicely designed building with 2 units on lower level, 4 units on mid level and 2 units on upper level. Common area with numerous storage lockers for tenants. Lots of Colchester municipal recreational opportunities on Malletts Bay yet close to Essex for shopping and dining. (Part of operating expense figure includes property taxes, and $11,500 in maintenance/ property management fees.) †

Property Location

1659 Main Street Colchester

Property Details

Sold Price  $925,000 Sold Date  Dec 22nd, 2020
MLS#  4825179 Bedrooms  16 Garage Size   Car
List Price  925,000 Total Bathrooms  8 Year Built  1973
Type  Multi-Family Lot Size  4.1900 Acres Taxes $19,326
Units  8 Stories  1/2/1900 Road Frontage  632
Annual Income  $119,700 Style  Multi-Family Water Frontage  
Annual Expenses  $0 Finished  7,164 Sqft Construction  No, Existing
Zoning   Yes Above Grade  4,800 Sqft Seasonal  No
Total Rooms  16 Below Grade  2,364 Sqft List Date  Aug 27th, 2020
Gross Income  $119,700 Operating Expenses  $0 Net Income  $70,392
Expenses Includes 
Unit 1   2 Beds, 1 Baths, $0/Annually Unit 2   2 Beds, 1 Baths, $0/Annually
Unit 3   2 Beds, 1 Baths, $0/Monthly Unit 4   2 Beds, 1 Baths, $0/Monthly
Unit 5   2 Beds, 1 Baths, $0/Annually Unit 6   2 Beds, 1 Baths, $0/Monthly
Unit 7   2 Beds, 1 Baths, $0/Annually Unit 8   2 Beds, 1 Baths, $0/Monthly
ConstructionWood Frame
BasementWalkout, Assigned Storage, Partially Finished
Interior Features
Exterior Features
Exterior  Vinyl Siding Disability Features  
Foundation  Poured Concrete House Color  
Floors   Building Certifications  
Roof  Shingle-Asphalt HERS Index  
DirectionsMain Street in Colchester is Route 2A. From 5 corners in Essex Jct, take Route 2A towards Colchester. 1659 is on the right, not easy to see the building from the road, watch for driveway.
Lot Description, Rental Complex
Garage & Parking  No, ,
Road Frontage  632 Water Access  
Driveway  Gravel Water Type  
Flood Zone  Unknown Water Body  
Zoning  Yes
School District  NA Middle  
Elementary   High  
Heat Fuel   Excluded  
Heating/Cool  None, Baseboard, Hot Water Negotiable  
Sewer  Septic Parcel Access ROW  
Water  Public ROW for Other Parcel  
Water Heater  Owned, Gas-Natural Financing  
Cable Co   Documents  Survey, Property Disclosure, Deed
Electric  Circuit Breaker Tax ID  153-048-19683
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† The remarks published on this webpage originate from Listed By David Chenette of Chenette Real Estate 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.