Lake Home For Sale

Income producing and spacious 4-unit multi-family home with 6500+ sq.ft. of living space. This is a unique opportunity to own this amazing property with exceptional landscaping and beautiful views overlooking Lake Memphremagog. The main living quarters features nearly 3600sq.ft of finished living area with 3 bedrooms, 3.5 baths (each bedroom has its own bath), cathedral ceilings, 1st & 2nd floor primary bedroom suites, entry from the 3-car heated garage and access to the deck & gazebo area. Suite A is a studio with approx. 950sq.ft., Suite B offers approx. 1000sq.ft with 2 guest rooms and Suite C (above the garage) offers 1042sq.ft with 2 guest rooms, vaulted ceilings and a private balcony. All three suites have a great rental history (financials on file) with longer term tenants in Suites A&B and profitable short term rental history for Suite C. Each suite has its own washer/dryer and secured private living quarters that can also be unlocked for access between each unit for larger living areas if desired. This would be ideal for a large multigenerational household, in-law suites, home offices, B&B potential or to be utilized as-is with a single family home with approx. $58K in annual rental revenue from the 3 suites. Additional features include newer roof, radiant heated floors, mini-split AC units, whole house generator, secondary heat via a pellet boiler, storage sheds, pavilion, putting green and more. This property has a great deal to offer for the price & is a must see!

Property Details

  • Beds: 8
  • Baths: 7.0
  • Sq Feet: 8500
  • Year Built: 2002
  • Location: Lake Memphremagog
  • Acres: 1.050
  • County: Orleans County
  • Heat/AC: Baseboard,Heat Pump,Pellet Stove,Radiant Floor,Stove
  • Roof: Composition Shingle
  • Stories: 2.5
  • Property Taxes: $12,348
  • MLS #: 4990359

Location

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Contact Information:

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Ad Statistics:

Lake Home For Sale in Newport, Vermont
Ad Number : 4795251
Viewed: 31 times
Added: Apr 19, 2024
Updated on: Apr 19, 2024
All information provided is deemed reliable but is not guaranteed and should be independently verified.
Listing Agent: Ryan Pronto, Jim Campbell Real Estate, 802-334-3400, 802-334-3400 Listing Site, Listing Status: Active
Copyright © 2024 PrimeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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