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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
Contract Date Feb 23rd, 2021
Garage Size Car
List Price 1,450,000
Total Bathrooms 7
Year Built 1896
Lot Size 0.3800 Acres
Annual Income $121,200
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.
Copyright 2021 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this 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 04-22-2021.