Rare investment opportunity on Lake Champlain. 12 unit cottage style multi family property situated on 1 acre with an adjacent .19 acre beachfront parcel. Owner currently getting great returns but potential condo or townhome development site with tremendous lake views and access to the beach. Units are in very good shape including updates to windows, doors, floors, kitchen, roofves, etc... Natural gas service is now available on the road to either lower tenant heating costs or for better development opportunity. Beachfront parcel includes moorings as well.
* Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
The Multi-Family (2-4 Units) located at 30 Tamorac Place, Colchester, VT 05446 is currently for sale.
30 Tamorac Place, Colchester is listed for $899,000.
This property has approximately 5,600 square feet.
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