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Well-located downtown Burlington 3-unit apartment building with off street parking. Offering one 4-bedroom unit and two 1-bedroom units. Many recent updates, separate utilities, and laundry on site. Investors will appreciate the strong cap rate, fully occupied. Tenants love living three blocks to Church Street Marketplace and the Lake Champlain Waterfront, plus easy access to colleges, hospital, and the South End Arts District, businesses, and restaurants. Invest in Burlington!
Property Location
186 Pine Street Burlington
Property Details
Sold Price $695,000
Sold Date Apr 20th, 2023
MLS# 4937389
Bedrooms 6
Garage Size Car
List Price 695,000
Total Bathrooms 3
Year Built 1930
Type Multi-Family
Lot Size 0.1300 Acres
Taxes $9,971
Units 3
Stories 2
Road Frontage 32
Annual Income $66,300
Style Multi-Family
Water Frontage
Annual Expenses $0
Finished 2,560 Sqft
Construction No, Existing
Zoning RH
Above Grade 2,560 Sqft
Seasonal No
Total Rooms 6
Below Grade 0 Sqft
List Date Nov 18th, 2022
Gross Income $66,300
Operating Expenses $0
Net Income $48,249
Expenses Includes
Unit 1 4 Beds, 1 Baths, $2,800/Monthly
Unit 2 1 Beds, 1 Baths, $1,275/Monthly
Unit 3 1 Beds, 1 Baths, $1,450/Monthly
ConstructionWood Frame
BasementInterior, Unfinished
Interior Features
Exterior Features
Exterior Clapboard
Disability Features
Foundation Brick, Stone
House Color
Floors
Building Certifications
Roof Slate
HERS Index
DirectionsHeading North on US-7. Turn left on Flynn Ave, right onto Pine Street, take Pine Street past Maple Street, property will be on your right.
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