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Invest in Burlington! This meticulously maintained multi-family building offers four, easy-to-rent 1-bedroom units in the Old North End. The property has been attentively kept up including newer windows, fresh paint, and other renovations. The next owner will reap the benefits of this turn-key investment! Featuring a paved parking lot, there is plenty of space for tenants and guests. Tenants will enjoy the grassy fenced yard at the back of the lot perfect for private lounging or grilling. One of the four units is currently vacant setting the property up perfectly for a new tenant or owner-occupier! Leases are currently month-to-month with upside on rents. Zoning may allow for further development potential. Enjoy convenient access to ONE restaurants and businesses with a great location just a few blocks to the Church Street Marketplace, downtown, and Lake Champlain waterfront. Minutes to colleges, UVM Medical Center, and I-89.
Property Location
233 North Street Burlington
Property Details
Sold Price $690,000
Sold Date Sep 7th, 2023
MLS# 4962017
Bedrooms 4
Garage Size Car
List Price 649,000
Total Bathrooms 4
Year Built 1899
Type Multi-Family
Lot Size 0.1200 Acres
Taxes $10,000
Units 4
Stories 2
Road Frontage 32
Annual Income $49,800
Style Multi-Family
Water Frontage
Annual Expenses $0
Finished 1,926 Sqft
Construction No, Existing
Zoning NMU
Above Grade 1,926 Sqft
Seasonal No
Total Rooms 4
Below Grade 0 Sqft
List Date Jul 19th, 2023
Gross Income $49,800
Operating Expenses $0
Net Income $31,049
Expenses Includes
Unit 1 1 Beds, 1 Baths, $950/Monthly
Unit 2 1 Beds, 1 Baths, $1,000/Monthly
Unit 3 1 Beds, 1 Baths, $0/Mo
Unit 4 1 Beds, 1 Baths, $950/Monthly
ConstructionWood Frame
BasementInterior, Exterior Access
Interior Features
Exterior Features
Exterior Wood Siding
Disability Features
Foundation Brick, Stone
House Color
Floors
Building Certifications
Roof Slate
HERS Index
DirectionsLeft off of South Willard onto North Street, Property is on left right before Elmwood Avenue Cemetery.
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