2751 Mallett'S Bay Avenue Colchester, VT 05446

Do not miss out on this fantastic investment, cap rate 7.5%. This property is easy to rent! 1 bedroom rents for $1000 and 2 bedroom unit rents for $1200. Owners have taken great care of the property since they bought in 2013. Updates since purchase include: 1st floor unit: remodeled/expanded bath; Kitchen: cabinets, counter top, appliances and flooring; sanded and refinished wood floors, new carpet in hall, front door, got rid of popcorn ceiling. 2nd floor unit: new kitchen counter tops, sink/counter top in bath, two egress windows, removed popcorn ceiling. Basement: new steel support beams, two new 40 gallon gas hot water heaters, put in pea gravel. Washer (2018) & dryer (2015). Each unit has an enclosed 3 season porch, upstairs unit has a second covered porch as well. Close to Winooski Town Center, Shops and Restaurants, Mallett's Bay and just a 10 minute drive to Downtown Burlington. 2 car garage with additional 5+ parking spots in driveway. Showings start Saturday 3/3.