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429 Community Drive, Unit 7, 8, 9, 10, 11, Randolph, VT 05061

$815,000
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Active
BEDS5 BATHS5 full SQUARE FEET1,936 MLS#5051655
STATUSActive PROPERTY TYPEMulti Unit - Multiple SCHOOLOrange Southwest

Listing Courtesy of: Preferred Properties
Agency Contact: Off: 802-862-9106
Associate Name: Curtis Trousdale
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Property Description

High earning Airbnb investment village! These 5 lots totaling 13 +/- acres, located in the beautiful mountains of South Randolph, VT, just minutes from VT I-89. There are four lots, each with their own log cabin park model home, a fifth lot with a fantastic Yurt and quant bath house. Additionally, there is a second Yurt that can be moved by the purchaser to a fully prepped area with water/sewer and power. One lot is over 6 acres and includes an open grassy field, pond and garden area making for a wonderful community Airbnb experience. Gross income for the development was (2023 - $125,746 and 2024 - $116,914). Recent changes include the addition of a new Cabin and conversion of a second to Airbnb starting August. Based on past numbers, this should provide a future yearly gross income of approx. $169,000. Future potential with three additional bedrooms of unused septic capacity is already installed. The current owner outsources his cleaning & communications, doing your own could increase net by over 13K per year. There are two other lots available if you wish to expand income opportunity or build your own home. The seller created this small community and has been running it as rental and Airbnb income property. He is ready to slow down in retirement and ready to travel but is willing to teach new owners the ins and outs of the property. All current state/town permits, surveyed, and utility drawings are available. Future owners may sell these lots individually.

429 Community Drive, Unit 7, 8, 9, 10, 11 | MLS# 5051655

This multi-family property located at 429 Community Drive, Unit 7, 8, 9, 10, 11, Randolph, VT 05061 is currently listed for sale with an asking price of $815,000. Community Drive, Unit 7, 8, 9, 10, 11 is located within the Orange Southwest school district. Search Randolph real estate on www.masiellogrouprealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Mini Split
Heating: Gas Stove, Mini Split
Home Style: Cabin, Yurt
Lot Size: 13.00 Acres
Roof Type: Metal, Other
Stories: 1.0
Taxes: $11,767
Year Built: 2019

Units

Unit 1:
Bathroom(s): 1
Bedrooms: 1
Rent: $38743.00
Square Footage: 384
Unit 2:
Bathroom(s): 1
Bedrooms: 1
Rent: $32760.00
Square Footage: 384
Unit 3:
Bathroom(s): 1
Bedrooms: 1
Rent: $38000.00
Square Footage: 384
Unit 4:
Bathroom(s): 1
Bedrooms: 1
Rent: $19332.00
Square Footage: 200
Unit 5:
Bathroom(s): 1
Bedrooms: 1
Rent: $38000.00
Square Footage: 384
Unit 6:
Rent: $2250.00

Feature Descriptions

Construction: Vinyl Exterior, Wood Exterior
Construction Status: Existing
Days on Site: 244
Driveway: Common/Shared, Gravel
Driveway: Common/Shared, Gravel
Electric: On-Site
Exterior: Vinyl Exterior, Wood Exterior
Flood Zone: No
Flooring: Wood
Foundation: Other, Pier/Column, Skirted
Foundation: Other, Pier/Column, Skirted
Lot: Alternative Lots Avail, Country Setting, Field/Pasture, Mountain View, Pond, Pond Frontage, Rental Complex, River Frontage, Abuts Conservation
Roads: Shared
Sewer: Leach Field, Private
Sq. Ft. Above Grade Finished: 1936
Sq. Ft. Total Finished: 1936
Total Stories: 1
Units: 6
Water: Community, Spring
Zoning: Rural Ag

Local Schools

High School: Randolph UHSD #2
Middle School: Randolph School UHSD #2
Elementary School: Randolph Elementary School
School District: Orange Southwest

Listed By / Shown By

Listed By

Agency Name: Preferred Properties
Agency Contact: Off: 802-862-9106
Agent Name: Curtis Trousdale

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Estimated Payment

$ 3,032.13 per month $1,813.84 Principal & Interest $980.58 Property Tax $237.71 Homeowner's Insurance

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