Browse All Colchester VT Multi-Family Properties for Sale

Don't miss this well-maintained Colchester Village home offering the added flexibility of a private attached accessory dwelling unit with its own separate entrance. The main home features 4 bedrooms, an updated bath, spacious sun-filled living room, convenient mudroom with laundry and storage, screened porch, plus large basement with abundant storage. Recent improvements including new flooring and fresh paint. The attached apartment is ideal for guests, multi-generational living, or additional income potential. Outside, unwind in the private backyard complete with a fire pit, outdoor seating area, and two new storage sheds. Conveniently located just moments from the library, schools, Village Scoop, parks, and other village amenities, this versatile property offers comfort, convenience, and endless possibilities.

19 East Rd, Colchester

$900,000

5079063 MLS

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.

205 Blakely Rd, Colchester

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Colchester Multi-Family Real Estate

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