120-132 North Willard Street Burlington, Vermont 05401

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Under Contract Status
$1,450,000 Price
Multi Type
12 Beds
7 Baths
5,174 Sqft
Listed By Lipkin Audette Team of Coldwell Banker Hickok & Boardman

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Situated on Lake Champlain with views of the Adirondack Mountains, Burlington VT offers a wealth of cultural activities, lovely Victorian architecture, and a well educated, vibrant community. Here life takes place on a human scale. Most...

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Burlington - 5 Units

Incredible investment opportunity to own a slice of Burlington with 3 buildings on a large corner lot in a great neighborhood sandwiched between the UVM Medical Center, colleges and the Old North End. The 4-unit apartment building offers four 2-bedroom, 1 bath units all with their own laundry, private covered porches and either attic or basement storage. The neighboring Victorian house features 3 levels of living space including 4 bedrooms, 3 baths, and multiple bonus rooms - perfect for an in-home office space or storage. Tenants love the chef's kitchen with a 6-burner gas stove, butcher block counters and granite breakfast bar. Beautiful Douglas Fir flooring and woodwork throughout. The owner's suite on the 2nd floor offers a private dressing room and an en-suite bath with tiled shower and separate soaking tub. Although rented for many years, this charming single-family house would make a great owner-occupied home when the tenant's lease expires. Plenty of parking throughout for both buildings and separate yard space for each as well. And don't forget the 2- story barn in the back - currently rented as a workshop - lots of potential with this extra building. Plus easy access to I-89, Downtown Burlington, Church Street Marketplace and the waterfront.

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Property Location

Property Details

Contract Date  Feb 23rd, 2021
MLS#  4839746 Bedrooms  12 Garage Size   Car
List Price  1,450,000 Total Bathrooms  7 Year Built  1896
Type  Multi-Family Lot Size  0.3800 Acres Taxes $27,125
Units  5 Stories  2 Road Frontage  
Annual Income  $121,200 Style  Apartment Building, Multi-Family, Victorian Water Frontage  
Annual Expenses  $0 Finished  5,174 Sqft Construction  No, Existing
Zoning   Residential Low Density Above Grade  5,174 Sqft Seasonal  No
Total Rooms  12 Below Grade  0 Sqft List Date  Nov 23rd, 2020
Gross Income  $121,200 Operating Expenses  $0 Net Income  $81,066
Expenses Includes 
Unit 1   4 Beds, 3 Baths, 2,358 SqFt, $3,500/Monthly Unit 2   2 Beds, 1 Baths, 704 SqFt, $1,575/Monthly
Unit 3   2 Beds, 1 Baths, 704 SqFt, $1,550/Monthly Unit 4   2 Beds, 1 Baths, 704 SqFt, $1,550/Monthly
Unit 5   2 Beds, 1 Baths, 704 SqFt, $1,575/Monthly
ConstructionWood Frame
BasementInterior, Unfinished
Interior Features
Exterior Features
Exterior  Wood Disability Features  
Foundation  Brick, Stone House Color  
Floors  Hardwood Building Certifications  
Roof  Slate HERS Index  
DirectionsFrom Main Street, take North Willard Street. Property on right between Henry Street & North Street.
Lot Description, Corner, City Lot, Sidewalks
Garage & Parking  No, , , Driveway
Road Frontage   Water Access  
Driveway  Concrete Water Type  
Flood Zone  Unknown Water Body  
Zoning  Residential Low Density
School District  NA Middle  
Elementary   High  
Heat Fuel   Excluded  
Heating/Cool  None, Hot Water Negotiable  
Sewer  Public Parcel Access ROW  
Water  Public ROW for Other Parcel  
Water Heater  Owned Financing  
Cable Co   Documents  Deed
Electric  Circuit Breaker Tax ID  114-035-15753