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4-unit multi-family in prime student rental neighborhood with 12 bedrooms. Turn-key property with many recent improvements and leases in place. Excellent cash flow, strong financials, spacious apartments, on-site laundry, and off-street parking.
Property Location
24-28 Orchard Terrace Burlington
Property Details
Sold Price $1,450,000
Sold Date Mar 15th, 2023
List Price 1,450,000
Bedrooms 12
Garage Size Car
Cooperation Fee Unknown
Total Bathrooms 4
Year Built 1899
MLS# 4940387
Lot Size 0.12 Acres
Taxes $23,657
Type Multi-Family
Days on Market 1261 Days
Tax Year 2022
Units 4
Stories 3
Road Frontage 51
Annual Income $132,600
Style Multi-Family
Water Frontage
Annual Expenses $0
Finished 3,398 Sqft
Construction No, Existing
Zoning RH
Above Grade 3,398 Sqft
Seasonal No
Total Rooms 12
Below Grade 0 Sqft
List Date Jan 9th, 2023
Gross Income $132,600
Operating Expenses $0
Net Income $94,423
Expenses Includes
Unit 1 4 Beds, 1 Baths, $3,600/Monthly
Unit 2 3 Beds, 1 Baths, $2,400/Monthly
Unit 3 1 Beds, 1 Baths, $1,600/Monthly
Unit 4 4 Beds, 1 Baths, $3,400/Monthly
ConstructionWood Frame
BasementInterior, Unfinished, Finished
Interior Features
Exterior Features
Exterior Wood, Clapboard
Disability Features
Foundation Brick, Stone
House Color
Floors
Building Certifications
Roof Slate
HERS Index
DirectionsSouth Willard Street onto Buell Street, right onto Orchard Terrace, property on right.
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