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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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123 Lake St , Swanton, VT 05488
$489,000
Est. Payment: $1,086.67/mo
6 Bed
4 Bath
2632 Sqft
Status: Active | Days on site: 396
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6347 - 616724,616723
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House 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. Two driveways for privacy and also future development possibilities. Owners occupy the expansive 3-bed, 1.5 bath 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 heating source. With woods and level pasture, this large lot of land is perfect for a hobby farming, horses, or a hunting/gathering lifestyle. Bordering a Wildlife Sanctuary, this amazing property has privacy, views, and plentiful woodland friends. If you're searching for the hunting and gathering lifestyle, you've found it! Includes over 1,400 feet of road frontage, 2 garages, shed, garden space, and gazebo. Located a stone-throw to Lake Champlain at Maquam Shore for boating and fishing. Just down the road 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 are continuing to renovate the 1st floor in the front apartment. 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, and new kitchen flooring. Motivated sellers.

Highlights

Listed by Tami Lantz , 802-347-4114 and Tyler Hull , 802-309-5116 Sherwood Real Estate , 802-782-0821.

Property Type

Multi-Family

Lot/Acreage
11.85

Year Built

1977

County

Franklin

Listing ID

5055086

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:6
  • Bathrooms:4
  • Full Bathrooms:
Floor:Carpet,Laminate,Vinyl,Wood
Above Ground Sq Ft:2632
Basement:Yes,Concrete,Concrete Floor,Interior Stairs,Storage Space,Sump Pump

Exterior Features

Lot:Existing
Zoning:Res
Roof:Metal
Others:
  • Additional:Garden Space, Gazebo, Natural Shade, Patio, Shed, Storage
Sewer:Private,Septic
Parking Features:Heated Garage,Deeded,Driveway,On-Site,Parking Spaces 6+,Paved,RV Access/Parking
Principal Interest
$1,087
Taxes
$507

Home Price

$489,000

Loan Details

30 yrs
%

Down Payment

20%
$97,800
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Monthly Price:
$1,086.67

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,086.67 $506.75 $0.00 $1,593.42
Yearly $13,040.00 $6,081.00 $0.00 $19,121.00
Total $391,200.00 $182,430.00 $0.00 $573,630.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Swanton, VT).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.