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$ Principal & Interest
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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...
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.
3D Property Tour
Garage Size Car
List Price 1,450,000
Total Bathrooms 7
Year Built 1896
Lot Size 0.3800 Acres
Annual Income $81,066
Style Apartment Building, Multi-Family, Victorian
Annual Expenses $0
Finished 5,174 Sqft
Construction No, Existing
Zoning Residential Low Density
Above Grade 5,174 Sqft
Total Rooms 12
Below Grade 0 Sqft
List Date Nov 23rd, 2020
Gross Income $121,200
Operating Expenses $0
Net Income $81,066
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
Foundation Brick, Stone
DirectionsFrom Main Street, take North Willard Street. Property on right between Henry Street & North Street.
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