Bought with Karen Ward • Keller Williams Realty-Metropolitan
$672,000
$699,000
3.9%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
7 Baths
8,500 SqFt
SOLD DATE : 10/24/2024
Key Details
Sold Price $672,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 8,500 sqft
Price per Sqft $79
MLS Listing ID 4990359
Sold Date 10/24/24
Bedrooms 8
Full Baths 7
Construction Status Existing
Year Built 2002
Annual Tax Amount $12,347
Tax Year 2024
Lot Size 1.050 Acres
Acres 1.05
Property Description
4-unit multi-family home with a spacious 6500+ sq.ft to include the main home and 3 fully furnished income producing suites. Currently utilized as a single family home with approx. $58K annual rental revenue from the 3 suites and potential for much higher revenue by leasing out the main home. The main living quarters feature nearly 3600sq.ft with 3 bedrooms, 3.5 baths (each bedroom has its own bath), cathedral ceilings, 1st & 2nd floor primary bedroom suites, entry from the 3-car heated garage and access to the deck & gazebo area. Suite A is a studio with approx. 950sq.ft., Suite B offers approx. 1000sq.ft w/ 2 guest rooms, and Suite C (above garage) offers 1042sq.ft w/ 2 guest rooms, vaulted ceilings and a private balcony. All three suites have a great rental history (financials on file) with longer term tenants in Suites A&B and profitable short term rental history for Suite C. Each suite has its own washer/dryer and secured private living quarters that can also be unlocked for access between each unit for larger living areas if desired. This would be ideal for a large multi-generational household, in-law suites, home offices and/or B&B potential. Newer roof, radiant heated floors, mini-split AC units, whole house generator, secondary heat via a pellet boiler, storage sheds, pavilion, putting green & more. Unique opportunity to own this amazing property with exceptional landscaping and beautiful views overlooking Lake Memphremagog. Great deal to offer for the price!
Location
State VT
County Vt-orleans
Area Vt-Orleans
Zoning GR
Body of Water Lake
Rooms
Basement Entrance Interior
Basement Apartments, Concrete Floor, Finished, Walkout
Interior
Heating Oil, Pellet
Cooling Mini Split
Flooring Hardwood, Laminate, Tile, Vinyl
Exterior
Garage Spaces 3.0
Garage Description Auto Open, Driveway, Garage, Attached
Utilities Available Cable - At Site, Gas - LP/Bottle, Telephone At Site
Waterfront No
Waterfront Description Yes
View Y/N Yes
Water Access Desc No
View Yes
Roof Type Shingle - Architectural
Building
Story 2.5
Foundation Concrete
Sewer Metered, Public
Construction Status Existing
Schools
Elementary Schools Newport City Elementary
Middle Schools North Country Junior High
High Schools North Country Union High Sch
School District Orleans Essex North
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REALTOR® | Lic# V:081.0004204 | N.H.:058769