120 Lakeview Terrace Burlington, Vermont 05401

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For Sale Status
$1,250,000 List Price
Multi Type
9 Beds
7 Baths
3,882 Sqft
Listed By Lipkin Audette Team of Coldwell Banker Hickok & Boardman
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Burlington

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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BTV Apartment Building

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

Property Details

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.
Lot Description, City Lot
Garage & Parking  No, ,
Road Frontage  50 Water Access  
Driveway  Gravel Water Type  
Flood Zone  Unknown Water Body  
Zoning  RM
School District  NA Middle  
Elementary   High  
Heat Fuel   Excluded  
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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