Back to Search ResultsSold Status
$425,000 Sold Price
Multi Type
10 Beds
0 Baths
4,198 Sqft
Sold By Yellow Sign Commercial
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Burlington
This well maintained and recently updated 4 unit building has plenty of growth potential for the willing investor. Located on the corner of North and Drew Streets, right across of the Olde Northender and steps away from the bus line, this property has had little vacancies over the past 8 years. Generating a 10% cap rate at current rents it is priced to sell quickly. †
Property Location
Property Details
| Sold Price $425,000 | Sold Date Jan 8th, 2016 | |
|---|---|---|
| MLS# 4413871 | Bedrooms 10 | Garage Size 0 Car |
| List Price 450,000 | Total Bathrooms 0 | Year Built 1899 |
| Type Multi-Family | Lot Size 0.0300 Acres | Taxes $7,713 |
| Units 4 | Stories 3 | Road Frontage 90 |
| Annual Income $0 | Style Converted | Water Frontage |
| Annual Expenses $0 | Finished 4,198 Sqft | Construction No, Existing |
| Zoning R4 | Above Grade 4,198 Sqft | Seasonal No |
| Total Rooms 10 | Below Grade 0 Sqft | List Date Apr 16th, 2015 |
| Gross Income $0 | Operating Expenses $0 | Net Income $59,604 |
|---|
| Expenses Includes |
|---|
| Unit 1 2 Beds, Baths, $1,150/Mo | Unit 2 1 Beds, Baths, $875/Mo |
|---|---|
| Unit 3 4 Beds, Baths, $1,742/Mo | Unit 4 3 Beds, Baths, $1,200/Mo |
| ConstructionWood Frame |
|---|
| BasementFull, Crawl Space |
| Interior Features |
| Exterior Features |
| Exterior Clapboard | Disability Features |
|---|---|
| Foundation Concrete, Stone | House Color |
| Floors | Building Certifications |
| Roof Shingle-Architectural | HERS Index |
| Directions |
|---|
| Lot DescriptionCorner |
| Garage & Parking No |
| Road Frontage 90 | Water Access |
|---|---|
| Driveway None | Water Type |
| Flood Zone No | Water Body |
| Zoning R4 |
| School District NA | Middle |
|---|---|
| Elementary | High |
| Heat Fuel Gas-Natural | Excluded |
|---|---|
| Heating/Cool Hot Air | Negotiable |
| Sewer Public | Parcel Access ROW |
| Water Public | ROW for Other Parcel |
| Water Heater Electric, Gas-Natural | Financing |
| Cable Co Burlington Telecom | Documents Deed, Other |
| Electric Other | Tax ID 114-035-14328 |
† The remarks published on this webpage originate from Listed By Peter Yee of Yellow Sign Commercial 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.
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