Exceptional opportunity to own a versatile Colchester duplex in a highly desirable location! Currently owner-occupied, this Vermont multi-family home offers flexible living options as a single-family residence, owner occupied duplex, or investment property near Burlington. Situated on a private 2-acre lot with a stream along the back of the property, this home combines comfort, functionality, and income potential in the heart of Chittenden County. The upper-level features 3 bedrooms, 1 full bathroom with double vanity and washer/dryer, a renovated kitchen, updated flooring throughout, gas fireplace, enclosed sun porch, and brand-new deck overlooking the peaceful backyard. The lower level offers a separate exterior entrance, 2 bedrooms, 1 full bathroom with double vanity and washer/dryer, renovated kitchen, updated flooring, and gas fireplace. Ideal for extended family, guests, or rental income. Additional highlights include mini-split systems in each unit, a generous 2-car garage that could easily be divided per unit, and a level lot offering privacy and room to enjoy the outdoors. This rental property in Chittenden County is located on a quiet dead-end street within walking distance to Niquette Bay State Park and just minutes to I-89 and 20 minutes to Burlington.
BACK ON THE MARKET at no fault of the seller/property. Located on the outskirts of Malletts Bay, just down from the town offices, schools, and immediately in front of the Colchester Recreation Center, is 205 Blakely Road. At almost 4000sqft the property consists of 4 units, 7 Bedrooms and 4 Bathrooms. Each spacious unit, at almost 1000sqft per unit, includes a full bath, a full kitchen with dishwashers, natural light, low pile carpet or vinyl flooring, new windows, and more. Some of the more recent updates and highlights include new flooring, new efficient Weil McLain natural gas boiler, new windows, 5 year old roof, coin op laundry, and convenient storage sheds on site. The Department of Health has extended a waiver (in 2013) to the property from any IRC practices due to a Clay Point Associates, INC report detecting no lead paint on or within the residential structure. The property and the lot hold enormous potential! Ready for immediate occupancy in all units or consider updating at your leisure throughout to increase rental projections for this desirable location. At 0.70 acres there is potential to put another property on the property and potential investors are encouraged to do their own due diligence. With current rents and estimates for vacancies the CAP rate is 7.90% and easily brought to nearly 9%. Surrounded by community, schools, parks and recreation, and close to shopping and groceries this is a ideal investment or fantastic owner occupied home.
Colchester is located in Vermont. Colchester, Vermont has a population of 17,547. Colchester is less family-centric than the surrounding county with 29.61% of the households containing married families with children. The county average for households married with children is 31.07%.
The median household income in Colchester, Vermont is $83,869. The median household income for the surrounding county is $81,957 compared to the national median of $69,021. The median age of people living in Colchester is 35.7 years.
The average high temperature in July is 80.8 degrees, with an average low temperature in January of 9.3 degrees. The average rainfall is approximately 37.2 inches per year, with 72.1 inches of snow per year.
