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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
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
Expenses Includes
Unit 1 2 Beds, 1 Baths, $1,475/Monthly
Unit 2 1 Beds, 1 Baths, $1,100/Monthly
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
BasementWalk-up, Concrete Floor
Interior Features
Exterior Features
Exterior Wood, Clapboard
Disability Features
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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