186-190 Colchester Road Essex, Vermont 05452

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For Sale Status
$1,300,000 List Price
Multi Type
8 Beds
4 Baths
3,602 Sqft
Listed By Lipkin Audette Team of Coldwell Banker Hickok & Boardman

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2 Buildings on 4.1 Acres 2 Buildings on 4.1 Acres
Development Potential Development Potential
Flat Land Surrounded by Trees Flat Land Surrounded by Trees
Aerial Map Aerial Map
186 Colchester Road 186 Colchester Road
190 Colchester Road, Essex 190 Colchester Road, Essex
Raised Ranch Style Duplex Raised Ranch Style Duplex
Multiple Entrances Multiple Entrances
Back View of 190 Back View of 190
Garden Space Garden Space
Each Building Has 2-Car Garage Each Building Has 2-Car Garage
186 is a Single-Family Home 186 is a Single-Family Home
Mature Trees Mature Trees
Bulkhead to Basement of 186 Bulkhead to Basement of 186
Zoning Allows More Units! Zoning Allows More Units!

Essex Development Potential

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. 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

Property Details

MLS#  4933091 Bedrooms  8 Garage Size  4 Car
List Price  1,300,000 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, $0/Mo Unit 2   3 Beds, 1 Baths, 1,480 SqFt, $0/Mo
Unit 3   2 Beds, 2 Baths, 1,300 SqFt, $0/Mo
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