429 Community Drive Randolph VT Multi Family For Sale $815000

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429 Community Drive Randolph VT
Listed by Curtis Trousdale Preferred Properties

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 and 2025 - $114,984). 2025 was lower due to renovations of a cabin (taken off-line and converted to Airbnb) and installation of an additional Cabin. 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. Operating Expenses : Heat,Insurance,Maintenance,Professional Management,Other,Sewer,Snow Removal,Trash,Utilities,Water,Water/Sewer

Annual Expenses

Taxes: $11,767

Income
Gross Income | $169,000
NetIncome | $128,000

Appliances : Water Heater

Unit Information:

UNIT 1

Beds: 1
Baths: 1
Rooms: 3
Sq.Ft.: 384
Level: Ground
Info : Air Conditioner,Appliances Included,Cathedral Ceiling,Den,Furnished,Heat,Hot Water,Screened Porch,Smoke Detector,Gas Heat Stove
Rent : 38743.00 Annually
Lease Term : Short Term
Signed Lease : No

UNIT 2

Beds: 1
Baths: 1
Rooms: 3
Sq.Ft.: 384
Level: Ground
Info : Air Conditioner,Appliances Included,Furnished,Heat,Hot Water,Screened Porch,Smoke Detector
Rent : 32760.00 Annually
Lease Term : Short Term
Signed Lease : No

UNIT 3

Beds: 1
Baths: 1
Rooms: 3
Sq.Ft.: 384
Level: Ground
Style : Log Cabin - Park Model
Info : Air Conditioner,Appliances Included,Cathedral Ceiling,Furnished,Heat,Hot Water,Screened Porch,Smoke Detector
Rent : 38000.00 Annually
Lease Term : Short Term
Signed Lease : No

UNIT 4

Beds: 1
Baths: 1
Rooms: 1
Sq.Ft.: 200
Level: Ground
Info : Cathedral Ceiling,Furnished,Heat,Hot Water,Gas Heat Stove
Rent : 19332.00 Annually
Lease Term : Short Term

UNIT 5

Beds: 1
Baths: 1
Rooms: 1
Sq.Ft.: 384
Level: Ground
Info : Air Conditioner,Appliances Included,Cathedral Ceiling,Furnished,Heat,Hot Water,Screened Porch,Smoke Detector
Rent : 38000.00 Annually
Lease Term : Short Term
Signed Lease : No

Construction Information:

Construction: Vinyl Exterior | Wood Exterior
Year Built: 2019
Style: Cabin | Yurt
Floors | Stories: 1
No. Elevators:
Total Sq.Ft. Finished: 1936
Above Grade Sq.Ft.: 1936

Roof: Metal | Other
Seasonal: No

Heating: Gas Stove | Mini Split
Cooling: Mini Split
Electric: On-Site
Trash: Dumpster
Utilities: Propane | Other
Electric Meters: 6
Water: Community | Spring
Sewer: Leach Field | Private

Additional Information

Easement - Yes
Row For Other Parcel: Y
Taxes $11,767
Assesed Value Not Reported

Schools
School District: Orange Southwest
Elementary School: Randolph Elementary School
Middle School: Randolph School UHSD #2
High School: Randolph UHSD #2

565 Maple Street, White River Junction, Vermont. 05001 802-295-1355
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