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123 Lake St

swanton, VT 05488

$499,900

    Interested? Let's Connect

    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.

    Details

    11.85 Private Acres Lot Size

    investment

    Built in 1977

    MLS/Listing ID 5055086

    3 Units

    Amenities & Features

    Storage

    Shed

    Patio

    Garden

    Natural Wood

    Vinyl

    Laminate

    Carpet

    Heating - Pellet Stove

    Heating - Oil

    Electric Water Heater

    Style - Multi Level

    Construction - Wood Frame

    Construction - Vinyl Siding

    Gazebo

    Metal

    Parking - Paved

    Parking - On Site

    Parking - Driveway

    Parking - Deeded

    Parking - Heated Garage

    Lot - Wooded

    Lot - Views

    Lot - Level

    Lot - Landscaped

    Lot - Pasture

    Estimate my mortgage

    TOTAL MONTHLY COST

    $0

    • PRINCIPAL & INTEREST

      $0

    • PROPERTY TAXES

      $0

    • Common Charges

      $0

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