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123 Lake Street, Swanton, VT 05488

$530,000
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Active
BEDS6 BATHS4 full SQUARE FEET2,632 MLS#5055086
STATUSActive PROPERTY TYPEMulti Unit - Multiple

Listing Courtesy of: Sherwood Real Estate
Agency Phone: 802-782-0821
Associate Name: Tami Lantz
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Property Description

Three homes in one! Incredible opportunity for house hackers, investors, and homesteaders. This extraordinary 11.85-acre property, zoned R1 (minimum 1-acre lots) for HUD/subdivision potential, offers over 3,500 sqft living space across 3 units - each with its own electric meter and 1st floor bedroom, bath, & laundry. Reliable M2M tenants in the back house & side apt - bringing in $3,471/month. Owners occupy the expansive front apt, and they plan to move upon property transfer, providing the opportunity for new owners to move right into the large unit with clean, concrete basement, which is a great workspace during the winter months. Two front units feature pellet stoves as cozy backup heating. Oil heat is primary for all. With woods and level pasture, this large lot of land is perfect for a hobby farming, horses, or a hunting/gathering lifestyle. It borders a Wildlife Sanctuary for privacy, views, and woodland friends. Includes over 1,400 feet of road frontage, 2 driveways, 2 garages, shed, garden space, and gazebo. Located a stone-throw to Lake Champlain for boating and fishing. Only a few minutes to Swanton Village amenities, St. Albans City, & the Canadian border at Quebec. 1 hour to Montreal & 40 minutes to Burlington. Property is ideally positioned to capture strong rental demand in a high-traffic, quintessential New England vacation and outdoor adventure destination. Owners have made many improvements, including a renovated 1st floor in the main house. There are three additional unfinished 3rd floor rooms in the "attic" of the front apt - one plumbed for a bathroom - offering potential for a 4th unit or larger owner quarters. *Newer features* - roof, vinyl siding, knotty pine walls, updated electric, trim & paint. Motivated sellers.

123 Lake Street | MLS# 5055086

This multi-family property located at 123 Lake Street, Swanton, VT 05488 is currently listed for sale with an asking price of $530,000. Search Swanton real estate on www.masiellogrouprealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Concrete, Concrete Floor, Interior Stairs, Storage Space, Sump Pump
Cooling: None
Garage: 2
Heating: Oil, Pellet Stove
Home Style: Multi-Level
Lot Size: 11.85 Acres
Roof Type: Metal
Stories: 1.5
Taxes: $6,081
Year Built: 1977

Units

Unit 1:
Bathroom(s): 2
Bedrooms: 3
Square Footage: 1468
Unit 2:
Bathroom(s): 1
Bedrooms: 2
Rent: $2421.00
Square Footage: 1130
Unit 3:
Bathroom(s): 1
Bedrooms: 1
Rent: $1050.00
Square Footage: 709

Amenities

Garden Space
Gazebo
Natural Shade
Patio
Shed
Storage

Feature Descriptions

Color: Grey
Construction: Wood Frame, Vinyl Siding
Construction Status: Existing
Days on Site: 259
Driveway: Gravel
Driveway: Gravel
Electric: Circuit Breaker(s)
Exterior: Wood Frame, Vinyl Siding
Flood Zone: No
Flooring: Carpet, Laminate, Vinyl, Wood
Foundation: Concrete
Foundation: Concrete
Lot: Country Setting, Horse/Animal Farm, Field/Pasture, Landscaped, Level, Major Road Frontage, Recreational, View, Wooded, Near Paths, Near Shopping, Near Snowmobile Trails, Near Hospital, Near ATV Trail
Parking: Heated Garage, Deeded, Driveway, On-Site, Parking Spaces 6+, Paved, RV Access/Parking
Roads: Paved, Public, Public Maintained Road
Sewer: Private, Septic
Sq. Ft. Above Grade Finished: 2632
Sq. Ft. Below Grade Unfinished: 945
Sq. Ft. Total Finished: 2632
Total Stories: 1.5
Units: 3
Water: Public
Zoning: Res

Local Schools

High School: Missisquoi Valley UHSD #7
Middle School: Swanton School
Elementary School: Swanton School

Listed By / Shown By

Listed By

Agency Name: Sherwood Real Estate
Agency Phone: 802-782-0821
Agent Name: Tami Lantz

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Estimated Payment

$ 1,840.88 per month $1,179.55 Principal & Interest $506.75 Property Tax $154.58 Homeowner's Insurance

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