181 North Champlain Street Burlington, Vermont 05401

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Under Contract Status
$575,000 List Price
Multi Type
4 Beds
3 Baths
2,078 Sqft
Listed By Michael Skinner of KW Vermont

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NMLS# 49592

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This building has historically been easy to rent and has long term tenants. The owner has invested in individual boilers and water heaters so that the tenants pay for their own heat and hot water. The detached garage has a natural gas line to it, is insulated and finished with storage above. At present the owner uses the garage solely for himself, so there is potential additional income should the next owner want to rent out garage space. Unit 2 will be available for occupancy September 1st.

Property Location

Property Details

Contract Date  Nov 25th, 2022
MLS#  4924628 Bedrooms  4 Garage Size  3 Car
List Price  575,000 Total Bathrooms  3 Year Built  1899
Type  Multi-Family Lot Size  0.1500 Acres Taxes $7,398
Units  3 Stories  2 Road Frontage  34
Annual Income  $42,300 Style  Other Water Frontage  
Annual Expenses  $0 Finished  2,078 Sqft Construction  No, Existing
Zoning   Res-Med Density Above Grade  2,078 Sqft Seasonal  No
Total Rooms  4 Below Grade  0 Sqft List Date  Aug 9th, 2022
Gross Income  $42,300 Operating Expenses  $0 Net Income  $32,155
Expenses Includes 
Unit 1   1 Beds, 1 Baths, $975/Monthly Unit 2   1 Beds, 1 Baths, $1,300/Monthly
Unit 3   2 Beds, 1 Baths, $1,250/Monthly
ConstructionWood Frame
BasementInterior, Unfinished, Full, Unfinished
Interior Features
Exterior Features
Exterior  Vinyl Siding Disability Features  
Foundation  Block, Stone House Color  
Floors   Building Certifications  
Roof  Slate, Shingle-Asphalt HERS Index  
DirectionsFrom North Street, travel on North Champlain St, property is on your left.
Lot Description, City Lot, Sidewalks
Garage & Parking  Yes, Storage Above, Other, Finished, Heated, , On Site, 5 Parking Spaces
Road Frontage  34 Water Access  
Driveway  Paved Water Type  
Flood Zone  No Water Body  
Zoning  Res-Med Density
School District  NA Middle  
Elementary   High  Burlington High School
Heat Fuel   Excluded  
Heating/Cool  None, Baseboard, Forced Air Negotiable  
Sewer  Public Parcel Access ROW  
Water  Public ROW for Other Parcel  
Water Heater  Owned, Gas-Natural Financing  
Cable Co   Documents  
Electric  100 Amp Tax ID  114-035-14581

† The remarks published on this webpage originate from Listed By Michael Skinner of KW Vermont via the NNEREN IDX Program and do not represent the views and opinions of Coldwell Banker Hickok & Boardman. Coldwell Banker Hickok & Boardman Realty cannot be held responsible for possible violations of copyright resulting from the posting of any data from the NNEREN IDX Program.