$ 400,000
20 Kienle RD #Lots 1-4 Milton, VT 05468
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Listed by Hank Gintof Jr. • Signature Properties of Vermont
$ 400,000
Est. payment | /mo
1.39 Acres Lot
$ 400,000
Est. payment | /mo
1.39 Acres Lot
Key Details
Property Type Vacant Land
Listing Status Under Contract
Purchase Type For Sale
MLS Listing ID 5015841
Lot Size 1.390 Acres
Acres 1.39
Property Description
Discover a fantastic investment opportunity with this 4-lot approved subdivision! This unique property includes three unimproved lots and one lot featuring a large steel garage, currently serving as the Town garage, complete with a bathroom. The three vacant lots are approved for single-family homes and have potential to possibly be converted into duplex lots with additional permitting. Estimated infrastructure costs range between $75,000 to $85,000, covering sewer force main, pump station, sidewalks, and other miscellaneous expenses. The subdivision is serviced by town water, town sewer, and natural gas, ensuring convenient utilities access. Development Information: PERMITS obtained | $2,500 est. cost for water hook-up | $2,500 est. cost for sewer hook-up | Buried fuel tank on garage lot concrete | Possibility of duplex lot with amended wastewater permit and water/sewer allocations. The sale options are flexible: purchase Lot 4, featuring the garage on 0.4 acres, for $175,000, or acquire Lots 1-3, the unimproved lots, for $225,000, with cost agreements on infrastructure. This is a prime chance to develop in a well-serviced area with great potential for growth! *Based on buyer's development status, Act 250 may be triggered.
Location
State VT
County Vt-chittenden
Area Vt-Chittenden
Zoning Mixed Use
Exterior
Utilities Available Other
Building
Sewer Public
Schools
School District Milton
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Dave Hansen
REALTOR® | Lic# 069214