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Attention investors! An excellent opportunity awaits you with this 3-unit property located on a nice corner lot in the Old North End of Burlington. Well-maintained, spacious, and sunny apartments with lots of original woodwork and large bedrooms. Offering one 3-bedroom unit on the main floor plus two 1-bedroom units on the second level. Each unit features a private enclosed sunporch that tenants love. Convenient location just a few blocks from Church Street Marketplace and the waterfront, plus easy access to colleges and the UVM Medical Center.
Property Location
193-195 Elmwood Avenue Burlington
Property Details
Sold Price $655,000
Sold Date Dec 21st, 2022
MLS# 4935609
Bedrooms 5
Garage Size Car
List Price 650,000
Total Bathrooms 3
Year Built 1899
Type Multi-Family
Lot Size 0.0800 Acres
Taxes $10,805
Units 3
Stories 1/2/1900
Road Frontage 121
Annual Income $72,600
Style Multi-Family
Water Frontage
Annual Expenses $0
Finished 2,736 Sqft
Construction No, Existing
Zoning RM
Above Grade 2,736 Sqft
Seasonal No
Total Rooms 5
Below Grade 0 Sqft
List Date Nov 1st, 2022
Gross Income $72,600
Operating Expenses $0
Net Income $52,379
Expenses Includes
Unit 1 3 Beds, 1 Baths, $2,500/Monthly
Unit 2 1 Beds, 1 Baths, $1,800/Monthly
Unit 3 1 Beds, 1 Baths, $1,750/Monthly
ConstructionWood Frame
BasementInterior, Unfinished
Interior Features
Exterior Features
Exterior Vinyl, Clapboard
Disability Features
Foundation Brick, Stone
House Color
Floors
Building Certifications
Roof Shingle-Asphalt
HERS Index
DirectionsFrom North Street in Burlington turn onto Elmwood Avenue. Property will be on your left, on the corner of Elmwood Ave and Cedar Street.
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