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Rare downtown Burlington apartment building with 9+ units. Exceptional location within easy walking distance to UVM, downtown, Medical Center, Church Street Marketplace, and Lake Champlain. Solid brick building with 7500+ SQ FT of living space. Apartments offer charming features including hardwood floors, coffered ceilings, stained glass windows, original woodwork and more. Fully occupied - rents below market value. A unique opportunity to make a significant investment in Burlington, VT! See attached Trustee Seller's Disclosure.
Property Location
19-21 South Willard Street Burlington
Property Details
Sold Price $1,100,000
Sold Date Jan 12th, 2017
MLS# 4602486
Bedrooms 10
Garage Size Car
List Price 1,150,000
Total Bathrooms 8
Year Built 1920
Type Multi-Family
Lot Size 0.2100 Acres
Taxes $22,897
Units 10
Stories 2
Road Frontage 50
Annual Income $0
Style Apartment Building
Water Frontage
Annual Expenses $46,956
Finished 7,535 Sqft
Construction No, Existing
Zoning RH
Above Grade 5,796 Sqft
Seasonal No
Total Rooms 10
Below Grade 1,739 Sqft
List Date Oct 7th, 2016
Gross Income $0
Operating Expenses $46,956
Net Income $120,300
Expenses Includes
Unit 1 2 Beds, 1 Baths, $1,200/Mo
Unit 2 2 Beds, 1 Baths, $1,200/Mo
Unit 3 1 Beds, 1 Baths, $925/Mo
Unit 4 1 Beds, 1 Baths, $950/Mo
Unit 5 1 Beds, 1 Baths, $0/Mo
Unit 6 1 Beds, 1 Baths, $0/Mo
Unit 7 1 Beds, 1 Baths, $0/Mo
Unit 8 1 Beds, 1 Baths, $0/Mo
ConstructionExisting
BasementInterior, Unfinished, Finished
Interior Features
Exterior Features
Exterior Brick
Disability Features
Foundation Stone
House Color Brick
Floors
Building Certifications
Roof Slate
HERS Index
DirectionsFrom Main Street, take South Willard Street north, property on left just before Pearl Street.
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