186-190 Colchester Road Essex, Vermont 05452 MLS# 4933091

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Sold Status

$750,000 Sold Price

Multi Type

8 Beds

4 Baths

3,602 Sqft

Listed By Lipkin Audette Team of Coldwell Banker Hickok & Boardman - (802) 846-8800
Sold By Brian French Real Estate

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186-190 Colchester Road

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.

Property Location

186-190 Colchester Road Essex

Property Details

Sold Price  $750,000 Sold Date  Jul 31st, 2023
MLS#  4933091 Bedrooms  8 Garage Size  4 Car
List Price  865,000 Total Bathrooms  4 Year Built  1980
Type  Multi-Family Lot Size  4.1000 Acres Taxes $12,805
Units  3 Stories  2 Road Frontage  332
Annual Income  $60,900 Style  Saltbox Water Frontage  
Annual Expenses  $0 Finished  3,602 Sqft Construction  No, Existing
Zoning   Residential Above Grade  2,662 Sqft Seasonal  No
Total Rooms  8 Below Grade  940 Sqft List Date  Oct 10th, 2022
Gross Income  $60,900 Operating Expenses  $0 Net Income  $17,955
Expenses Includes 
Unit 1   3 Beds, 1 Baths, 1,440 SqFt, $1,825/Monthly Unit 2   3 Beds, 1 Baths, 1,480 SqFt, $1,750/Monthly
Unit 3   2 Beds, 2 Baths, 1,300 SqFt, $1,500/Monthly
ConstructionWood Frame
BasementWalkout, Apartments
Interior Features
Exterior Features
Exterior  Vinyl, Brick Disability Features  
Foundation  Concrete House Color  White/Brow
Floors  Vinyl, Carpet Building Certifications  
Roof  Shingle-Asphalt HERS Index  
DirectionsFrom Winooski/Burlington – Route 15 East, left onto Susie Wilson Road and continue straight onto the Susie Wilson Extension, at light – right onto Colchester Road/Route 2A. Properties on the right, first two driveways, see signs.
Lot Description, Corner
Garage & Parking  Yes, Assigned, , On Site, Unassigned, Off Street, Garage, Unassigned
Road Frontage  332 Water Access  
Driveway  Gravel Water Type  
Flood Zone  Unknown Water Body  
Zoning  Residential
School District  Essex School District Middle  Essex Middle School
Elementary  Essex Elementary School High  Essex High
Heat Fuel   Excluded  
Heating/Cool  None, Baseboard, Hot Water Negotiable  
Sewer  Septic Parcel Access ROW  
Water  Public ROW for Other Parcel  
Water Heater  Shared, Owned, Gas-Natural Financing  
Cable Co  Xfinity Documents  Deed
Electric  Circuit Breaker Tax ID  20706716091/2070671690