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Attention Burlington Investors! 2 Investment Properties for sale on Drew Street - close to downtown, Battery Park and the waterfront! Building One is a large 6 unit apartment building, the other property included is a separate very nice 2 bedroom single family home. Easy to rent units – 5 two bedroom units and one large one bedroom unit. Tenants pay heat, hot water and electricity. Strong upside on the rents, plenty of parking. Great value: both properties sold together for $697,500.
Property Location
17-31 Drew Street Burlington
Property Details
Sold Price $675,000
Sold Date Jun 8th, 2018
List Price 697,500
Bedrooms 13
Garage Size Car
Cooperation Fee Unknown
Total Bathrooms 7
Year Built 1920
MLS# 4681849
Lot Size 0.26 Acres
Taxes $17,014
Type Multi-Family
Days on Market 3017 Days
Tax Year 2017
Units 7
Stories 3
Road Frontage
Annual Income $0
Style Apartment Building, Carriage
Water Frontage
Annual Expenses $30,611
Finished 6,573 Sqft
Construction No, Existing
Zoning RM
Above Grade 6,573 Sqft
Seasonal No
Total Rooms 13
Below Grade 0 Sqft
List Date Mar 21st, 2018
Gross Income $0
Operating Expenses $30,611
Net Income $78,360
Expenses Includes
Unit 1 2 Beds, 1 Baths, $935/Mo
Unit 2 1 Beds, 1 Baths, $895/Mo
Unit 3 2 Beds, 1 Baths, $900/Mo
Unit 4 2 Beds, 1 Baths, $870/Mo
Unit 5 2 Beds, 1 Baths, $0/Mo
Unit 6 2 Beds, 1 Baths, $0/Mo
Unit 7 2 Beds, 1 Baths, 972 SqFt, $0/Mo
ConstructionWood Frame
BasementInterior, Unfinished
Interior Features
Exterior Features
Exterior Wood
Disability Features
Foundation Stone
House Color
Floors
Building Certifications
Roof Slate, Slate
HERS Index
DirectionsNorth Avenue to North Street, left onto Drew Street, buildings on left.
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