186 Pine Street Burlington, Vermont 05401 MLS# 4937389

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Sold Status

$695,000 Sold Price

Multi Type

6 Beds

3 Baths

2,560 Sqft

Listed By Lipkin Audette Team of Coldwell Banker Hickok & Boardman - (802) 846-8800
Sold By Lipkin Audette Team of Coldwell Banker Hickok and Boardman

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186 Pine Street

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.
Lot Description, City Lot
Garage & Parking  No, ,
Road Frontage  32 Water Access  
Driveway  Paved Water Type  
Flood Zone  Unknown Water Body  
Zoning  RH
School District  NA Middle  
Elementary   High  
Heat Fuel   Excluded  
Heating/Cool  None, Hot Air, Electric Negotiable  
Sewer  Public Parcel Access ROW  
Water  Public ROW for Other Parcel  
Water Heater  Owned Financing  
Cable Co   Documents  
Electric  Circuit Breaker Tax ID  114-035-16935