282 Community Dr - Randolph
- ID: 1792
- Status: unavailable
- Price: $695,000
- Acres: 12.00± acres
- Price Per Acre: $57,917
- Types: Business Opportunity, Lot, Residential Property, Recreational Land
- State: Vermont
- City: Randolph
- County: Orange
- ZIP Code: 05061
- Lat/Long: 43.92820700, -72.59091100
Description
High earning AirB&B investment village! These 5 lots totaling 11.7 +/- acres are located in the beautiful mountains of South Randolph, VT, just minutes from VT I-89. There are three lots each with their own Park Model home, another lot with a fantastic Yurt and quant bath house, and a fifth lot with two RV spaces. All have septic, power, water and highspeed internet. The lot with the RV spots is over 5 acres and includes an open grassy field, pond and garden area making for a wonderful community AirB&B experience. Gross income for the development was (2023 - $125,746 and 2024 – $116,914). Plenty of potential to increase income with additional cabins, moving a month-to-month renter to AirB&B and placing cabins on the RV spots. Three additional bedrooms of unused septic capacity is already installed. Current owner outsources his cleaning & communications, doing your own could increase net by over 13K per year. There are two other lots available if you wish to expand income opportunity or build your own home. The seller created this small community and has been running it as rental and AirB&B income property, he is ready to slow down in retirement and ready to travel but is willing to teach new owners the ins and outs of the property. Current state/town permits, surveyed, and utility drawings are available, but there is a boundary modification being made and this will be completed before closing. Future owners may sell these lots individually.
