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Incredible opportunity to own a 4 unit condominiumized investment property in downtown Burlington close to Church Street, bike path and the waterfront! This property is conveniently located near every conceivable amenity as well as public transportation. Each unit is updated, charming and efficient making renting a breeze. There are 6 deeded off-street parking spaces, each tenant pays own utilities, strong financials, 8% cap rate, year leases on 3 of the 4 units. You can't beat this building or location!
Property Location
116 Maple Street Burlington
Property Details
Sold Price $445,000
Sold Date Aug 15th, 2013
MLS# 4251795
Bedrooms 4
Garage Size 0 Car
List Price 449,000
Total Bathrooms 4
Year Built 1900
Type Multi-Family
Lot Size 0.2500 Acres
Taxes $3,045
Units 4
Stories 2
Road Frontage 50
Annual Income $35,702
Style Other
Water Frontage
Annual Expenses $14,098
Finished 1,746 Sqft
Construction No, Existing
Zoning HD Residential
Above Grade 1,746 Sqft
Seasonal No
Total Rooms 4
Below Grade 0 Sqft
List Date Jul 1st, 2013
Gross Income $35,702
Operating Expenses $14,098
Net Income $0
Expenses Includes
Unit 1 1 Beds, 1 Baths, 420 SqFt, $950/Monthly
Unit 2 1 Beds, 1 Baths, 506 SqFt, $1,300/Monthly
Unit 3 1 Beds, 1 Baths, 445 SqFt, $975/Monthly
Unit 4 1 Beds, 1 Baths, 375 SqFt, $950/Monthly
ConstructionOther
Basement, Bulkhead
Interior Features
Exterior Features
Exterior Clapboard
Disability Features
Foundation Stone
House Color Blue
Floors Hardwood
Building Certifications
Roof Membrane
HERS Index
DirectionsHeading north on St. Paul Street, left onto Maple Street, property on the right.
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