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Josh Gray

hello@joshgray.realtor +1(979) 450-9442

Listed by Mikail Stein • RE/MAX North Professionals

$900,000

Est. payment - /mo

7 Beds

4 Baths

3,520 SqFt

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Key Details

Property Type Multi-Family

Listing Status Under Contract

Purchase Type For Sale

Square Footage 3,520 sqft

Price per Sqft $255

MLS Listing ID 5079063

Bedrooms 7

Full Baths 4

Construction Status Existing

Year Built 1972

Annual Tax Amount $7,812

Tax Year 2026

Lot Size 0.700 Acres

Acres 0.7

Property Description

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.

Location

State VT

County Vt-chittenden

Area Vt-Chittenden

Zoning LS2

Rooms

Basement Entrance Interior

Basement Finished

Interior

Cooling None

Flooring Carpet, Vinyl, Vinyl Plank

Inclusions Equipment, Outbuilding

Exterior

Utilities Available Other

Roof Type Shingle

Building

Story 1.5

Sewer Septic

Architectural Style Gambrel

Construction Status Existing

Schools

Elementary Schools Colchester Middle School

Middle Schools Colchester Middle School

High Schools Colchester High School

School District Colchester School District

Others

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Josh Gray

+1(979) 450-9442

Agent | License ID: 067254, 080080, 082.0135079

Agent License ID: 067254, 080080, 082.0135079

205 Blakely RD Colchester, VT 05446

Josh Gray

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby Locations

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