23 Archibald Street Burlington, Vermont 05401

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For Sale Status
$634,900 Price
Multi Type
6 Beds
3 Baths
2,376 Sqft
Listed By Mikail Stein of RE/MAX North Professionals
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NMLS# 446767

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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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Well maintained and updated Tri-Plex in Burlington's desirable O.N.E. only a short walk from town. This property has three 2 bedroom townhouse style apartments with ample off street parking for tenants and a 2 unit storage shed with additional income potential. Two apartments have access to an unfinished basement area for dry storage. Projected at a 6.62% CAP rate this property is a fantastic investment in the heart of Burlington. This property is also being sold as part of a portfolio with several other multi-families. See MLS #'s: 4853257 and 4853256.

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Property Details

MLS#  4853254 Bedrooms  6 Garage Size  2 Car
List Price  634,900 Total Bathrooms  3 Year Built  1920
Type  Multi-Family Lot Size  0.1400 Acres Taxes $7,688
Units  3 Stories  2 Road Frontage  
Annual Income  $42,038 Style  Apartment Building Water Frontage  
Annual Expenses  $0 Finished  2,376 Sqft Construction  No, Existing
Zoning   Res Above Grade  2,376 Sqft Seasonal  No
Total Rooms  6 Below Grade  0 Sqft List Date  Mar 31st, 2021
Gross Income  $57,600 Operating Expenses  $0 Net Income  $42,038
Expenses Includes 
Unit 1   2 Beds, 1 Baths, 792 SqFt, $720/Monthly Unit 2   2 Beds, 1 Baths, 792 SqFt, $1,000/Monthly
Unit 3   2 Beds, 1 Baths, 792 SqFt, $1,350/Monthly
ConstructionOther
BasementInterior, Assigned Storage, Unfinished, Storage Space, Interior Stairs, Unfinished
Interior Features
Exterior Features
Exterior  Wood, Vinyl, Other Disability Features  
Foundation  Block, Fieldstone House Color  
Floors  Laminate, Carpet Building Certifications  
Roof  Other, Membrane HERS Index  
Directions
Lot DescriptionUnknown, City Lot
Garage & Parking  Yes, , , Off Street, 6+ Parking Spaces
Road Frontage   Water Access  
Driveway  Dirt Water Type  
Flood Zone  Unknown Water Body  
Zoning  Res
School District  NA Middle  
Elementary   High  
Heat Fuel  , Gas-Natural Excluded  
Heating/Cool  None, Baseboard, Wall Units, Hot Air, Wall Units Negotiable  
Sewer  Public Parcel Access ROW  No
Water  Public ROW for Other Parcel  No
Water Heater  Electric, Gas-Natural Financing  
Cable Co   Documents  Property Disclosure, Other, Deed, Property Disclosure
Electric  Circuit Breaker Tax ID  114-035-13860
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† The remarks published on this webpage originate from Listed By Mikail Stein of RE/MAX North Professionals via the NNEREN IDX Program and do not represent the views and opinions of Coldwell Banker Hickok & Boardman. Coldwell Banker Hickok & Boardman Realty cannot be held responsible for possible violations of copyright resulting from the posting of any data from the NNEREN IDX Program.