429 Community Dr - Randolph
- ID: 2371
- Status: available
- Price: $815,000
- Acres: 11.70± acres
- Price Per Acre: $69,658
- Types: Business Opportunity, Lot, Commercial, Undeveloped Land, Residential Property, Recreational Land
- State: Vermont
- City: Randolph
- County: Orange
- ZIP Code: 05061
- Lat/Long: 43.89490417, -72.58466191
Description
High earning Airbnb investment village! These 5 lots
totaling 13 +/- acres, located in the beautiful mountains of South Randolph,
VT, just minutes from VT I-89. There are four lots, each with their own log
cabin park model home, a fifth lot with a fantastic Yurt and quant bath house.
Additionally, there is a second Yurt that can be moved by the purchaser to a
fully prepped area with water/sewer and power.
One lot is over 6 acres and includes an open grassy field, pond and
garden area making for a wonderful community Airbnb experience. Gross income
for the development was (2023 - $125,746 and 2024 – $116,914). Recent changes
include the addition of a new Cabin and conversion of a second to Airbnb
starting August. Based on past numbers, this should provide a future yearly gross
income of approx. $169,000. Future potential with three additional bedrooms of
unused septic capacity is already installed. The 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 Airbnb 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. All current state/town permits, surveyed, and
utility drawings are available. Future owners may sell these lots individually.
Additional Information
- Wildlife: Small Game,Turkey,Ducks,Whitetail Deer
- Recreation: Bird Watching,Fishing
- Improvements: Cabin,Pond,Well
- Dwelling Attributes: Cabin