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Very well maintained three unit building in the heart of downtown Burlington within blocks of UVM, Champlain College, Church Street and the UVM Medical Center. Turn key investment with all leases in place. The units are in very good shape. Unit 1 is a 3 bed, 1 bath with hardwood and tile flooring, updated kitchen, gas fireplace for primary heat and energy efficient windows. Unit 2 is a 2 bed, 1 bath and Unit 3 is a 2 bed, 1 bath. Rents a slightly below market and owner projects an additional $5,000 in annual income from raising rents to market. A great investment.

More Info

Basic Information

  • StatusACT
  • List Price$799,000
  • MLS Number4904232
  • MLS StatusActive

Property

  • Acreage0.08
  • Parking Spaces
  • Lot DescriptionCity Lot
  • Square Feet2,555
  • APX Fin AG Sqft2,555
  • Road Frontage49
  • RoadsPublic

Utilities

  • Heat FuelGas - Natural
  • Heat SystemHot Water
  • UtilitiesInternet - Cable
  • WaterPublic
  • Water HeaterGas - Natural
  • ElectricCircuit Breaker(s)
  • SewerPublic

Location

  • TownBurlington
  • StateVT
  • Zip05401
  • CountyChittenden
  • Zoningresidential
  • Elementary SchoolAssigned
  • Junior HighEdmunds Middle School
  • High SchoolBurlington High School
  • Flood Zone Y/NNo

Interior

  • FloorsHardwood, Vinyl

Exterior

  • ExteriorClapboard
  • RoofMetal, Slate

Other

  • Taxes$13,487
  • Seasonal Y/NNo
  • Unit 1 Deposit$2,460
  • Unit 2 Rent Amount$1,640
  • Unit 3 Rent Amount$1,440
  • View Count7

Building

  • Year Built1899
  • Building ConstructionWood Frame
  • StyleApartment Building
  • Units3
  • Unit 1 Bath1
  • Unit 1 Bedrooms3
  • Unit 1 Total Rooms5
  • Unit 2 Bath1
  • Unit 2 Bedrooms2
  • Unit 2 Total Rooms4
  • Unit 3 Bath1
  • Unit 3 Bedrooms2
  • Unit 3 Total Rooms4
  • # of 2 Bedrooms2
  • # of 3+ Bedrooms1
  • BasementUnfinished
  • FoundationStone

Map Location

Driving Directions

Listed by Robert Foley of Flat Fee Real Estate
Broker Reciprocity

Copyright 2022 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the IDX Program of NEREN. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated May 16, 2022.

 

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