Sold Status
$1,160,000 Sold Price
Multi Type
9 Beds
7 Baths
3,882 Sqft
Listed By Lipkin Audette Team of Coldwell Banker Hickok & Boardman - (802) 846-8800
Sold By Yellow Sign Commercial
Sold By Yellow Sign Commercial
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Burlington
Wonderful investment opportunity on Lakeview Terrace with Lake Champlain and Adirondack views! Mix of studios, 1, and 2-bedroom units all with separate utilities plus full basement with laundry and storage for tenants. Well-maintained building with lots of updates throughout. Tons of off-street parking. Tenants love their porches and the outdoor space with shared yard. Just a few blocks from Battery Park, the waterfront, and bike path plus easy access to Church Street, colleges, and hospital. Large lot offers some redevelopment potential.
Property Location
120 Lakeview Terrace Burlington
Property Details
Sold Price $1,160,000 | Sold Date Feb 18th, 2022 | |
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MLS# 4886418 | Bedrooms 9 | Garage Size Car |
List Price 1,250,000 | Total Bathrooms 7 | Year Built 1899 |
Type Multi-Family | Lot Size 0.2300 Acres | Taxes $24,807 |
Units 7 | Stories 2 | Road Frontage 50 |
Annual Income $97,020 | Style Multi-Family | Water Frontage |
Annual Expenses $0 | Finished 3,882 Sqft | Construction No, Existing |
Zoning RM | Above Grade 3,882 Sqft | Seasonal No |
Total Rooms 9 | Below Grade 0 Sqft | List Date Oct 11th, 2021 |
Gross Income $97,020 | Operating Expenses $0 | Net Income $59,979 |
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Expenses Includes |
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Unit 1 2 Beds, 1 Baths, $1,475/Monthly | Unit 2 1 Beds, 1 Baths, $1,100/Monthly |
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Unit 3 1 Beds, 1 Baths, $925/Monthly | Unit 4 1 Beds, 1 Baths, $1,000/Monthly |
Unit 5 2 Beds, 1 Baths, $1,300/Monthly | Unit 6 1 Beds, 1 Baths, $1,150/Monthly |
Unit 7 1 Beds, 1 Baths, $1,135/Monthly |
ConstructionWood Frame |
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BasementWalk-up, Concrete Floor |
Interior Features |
Exterior Features |
Exterior Wood, Clapboard | Disability Features |
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Foundation Stone | House Color Green |
Floors | Building Certifications |
Roof Membrane | HERS Index |
DirectionsTake a left off of North Ave onto Berry street, then another left onto Lakeview Terrace. Turn into the second driveway on your left, the building awaits at end of the spacious driveway. |
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Lot Description, City Lot |
Garage & Parking No, , |
Road Frontage 50 | Water Access |
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Driveway Gravel | Water Type |
Flood Zone Unknown | Water Body |
Zoning RM |
School District NA | Middle |
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Elementary | High |
Heat Fuel | Excluded |
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Heating/Cool None, Space Heater | Negotiable |
Sewer Public Sewer On-Site | Parcel Access ROW |
Water Public Water - On-Site | ROW for Other Parcel |
Water Heater Owned | Financing |
Cable Co | Documents |
Electric Circuit Breaker | Tax ID 114-035-13646 |
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