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200 North St. & 161-167 Elmwood Ave. Burlington, Vermont 05401

$2,499,000 Price
Multi Type
13 Beds
8 Baths
11,557 Sqft

Listed By Lipkin Audette Team of Coldwell Banker Hickok & Boardman Realty

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Corner Lot PortfolioCorner Lot Portfolio
200 North Street200 North Street
161-165 Elmwood Avenue161-165 Elmwood Avenue
167 Elmwood Avenue167 Elmwood Avenue
Built in 2014Built in 2014
Beautiful Modern ConstructionBeautiful Modern Construction
Generous Open ApartmentsGenerous Open Apartments
Accent Wall and Big WindowsAccent Wall and Big Windows
Comfortable Bright BedroomsComfortable Bright Bedrooms
Spacious Remodeled ClassicsSpacious Remodeled Classics
Beautiful Bay WindowBeautiful Bay Window
Updated EverywhereUpdated Everywhere
Renovated KitchensRenovated Kitchens
Tiled Full BathroomTiled Full Bathroom
Upstairs Unit of DuplexUpstairs Unit of Duplex
Large Living RoomLarge Living Room
Hardwood FloorsHardwood Floors
Tin Ceiling in Front RoomTin Ceiling in Front Room
Rear of the Green OneRear of the Green One
Rear EntranceRear Entrance
Striking O.N.E. DuplexStriking O.N.E. Duplex
Off Street ParkingOff Street Parking
Huge Shared Parking LotHuge Shared Parking Lot
Elmwood Ave and North StreetElmwood Ave and North Street

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Property Location

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Call: (802) 863-8816
NMLS# 49592

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Burlington

Situated on Lake Champlain with views of the Adirondack Mountains, Burlington VT offers a wealth of cultural activities, lovely Victorian architecture, and a well educated, vibrant community. Here life takes place on a human scale. Most...

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Rebuilt & Renovated Portfolio

Unique opportunity to purchase a very desirable Old North End portfolio with 3 Investment properties. The combined multifamily buildings have 13 residential units and one prime retail commercial space situated on an 11,277 square foot corner lot at the intersection of Elmwood and North Street. The property consists of 18 bedrooms - a mix of studio, 1 bedroom, 2 bedroom, 3 bedroom apartments plus 2334 square feet of ground floor retail commercial space - all fully rented. Built in 2014 the mixed use property at 200 North Street has 7 apartments and 2334 square feet of ground floor retail commercial space located on a prime corner location. The 4 unit and duplex apartment buildings were recently significantly renovated with new kitchens, bathrooms, off-street parking, on-site laundry. Prime downtown location attracts tenants with proximity to colleges, hospital, and waterfront. Burlington VT has one of the lowest vacancy rate in the US, and is home to the University of Vermont/ Medical Center, Burton and Lake Champlain. Burlington is consistently ranked as one of the top 10 places to live in the US. The Old North End is one of Burlington's oldest residential neighborhoods and has grown to be one of Burlington's premier downtown neighborhoods.

Essentials

MLS#  4734837Bedrooms  13Garage Size   Car
List Price  2,499,000Total Bathrooms  8Year Built  2014
Type  Multi-FamilyLot Size  0.2300 AcresTaxes $41,409
Units  14Stories  3Road Frontage  
Annual Income  $241,622Style  Apartment Building, Multi-FamilyWater Frontage  
Annual Expenses  $66,201Finished  11,557 SqftConstruction  No, Existing
Zoning   NMU & RMAbove Grade  11,277 SqftSeasonal  No
Total Rooms  Below Grade  280 SqftList Date  Jan 31st, 2019

Expenses

Total Expenses  $66,201Insurance  $7,567
Water & Sewer  $1,769Taxes  $41,409
Trash  $1,350Miscellaneous  $1,300
Maintenance  $6,500 Association Dues  $0
Rent Includes 

Unit Size & Rent

Unit 1   3 Beds, 1 Baths, 0 SqFt, $1,800/Mo Unit 2   2 Beds, 1 Baths, 0 SqFt, $1,494/Mo
Unit 3   1 Beds, 1 Baths, 0 SqFt, $950/Mo Unit 4   3 Beds, 1 Baths, 0 SqFt, $1,750/Mo
Unit 5   1 Beds, 1 Baths, 0 SqFt, $0/Mo Unit 6   1 Beds, 1 Baths, 0 SqFt, $0/Mo
Unit 7   1 Beds, 1 Baths, 0 SqFt, $0/Mo Unit 8   1 Beds, 1 Baths, 0 SqFt, $0/Mo

Building/Construction

ConstructionWood Frame, Wood Frame
BasementInterior, Unfinished, Partially Finished
Interior Features
Exterior Features
Exterior  Brick, Metal Clad, Wood SidingDisability Features  
Foundation  Concrete, StoneHouse Color  Mutli
Floors  Ceramic Tile, WoodBuilding Certifications  
Roof  Membrane, Slate HERS Index  

Property

Lot DescriptionYes, City Lot
Garage & Parking  No, , , Off Street, Paved
Road Frontage  Water Access  
Driveway  Paved, Common/SharedWater Type  
Flood Zone  UnknownWater Body  
Zoning  NMU & RM

Schools

School District  NAMiddle  
Elementary  High  

Utilities & Other

Heat Fuel  Excluded  
Heating/Cool  None, Radiators, Wall Units, Heat Pump, Hot WaterNegotiable  
Sewer  PublicParcel Access ROW  
Water  Public ROW for Other Parcel  
Water Heater  OtherFinancing  
Cable Co  Documents  
Electric  Circuit BreakerTax ID  114-035-52716
DirectionsWest on North Street until intersection with Elmwood. Metal Clad building on the corner plus two colorful buildings adjacent.
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