123 Lake Street

Description

Three Homes in one! Incredible opportunity for house hackers, investors, and homesteaders. This 11.85-acre property, zoned R1 (minimum 1-acre lots) for subdivision potential, offers over 3,300 sqft living space across 3 units - each with its own electric meter and 1st floor laundry. Reliable M2M tenants in the back house & side apt. Owner occupants - move right into the large unit with concrete basement, great for workspace & storage. Two front units feature pellet stoves as cozy backup heating. Oil heat is primary for all. With woods and level pasture, this land is perfect for a hobby farm, horses, or a hunting/gathering. It borders a Wildlife Sanctuary for privacy, views, and woodland friends. Includes over 1,400 feet of road frontage, 2 driveways, 2 sheds, garden space, 2 garages, and gazebo. Stone throw to Lake Champlain for boating and fishing. Minutes to Swanton Village amenities, St. Albans City, & the Canadian border. 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 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.