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Tenants love the convenient Old North End location of this 2-unit apartment building. Close to schools, eateries and just a few blocks to Church Street Marketplace and the waterfront. Each unit offers 3-4 bedrooms and/or potential office spaces ideal for working from home or remote learning. The first floor unit features an updated kitchen with stainless appliances and butler's pantry plus two storage rooms off the back. Upstairs you'll find a flexible floor plan with outside covered porch and access to the walk-up attic. Separate utilities plus 2 off-street parking spaces. 5 year old roof. At a 7.61% cap rate, now is the time to invest in Burlington today!
Property Location
25 Peru Street Burlington
Property Details
Sold Price $385,000
Sold Date Mar 24th, 2021
MLS# 4829595
Bedrooms 7
Garage Size Car
List Price 399,000
Total Bathrooms 2
Year Built 1899
Type Multi-Family
Lot Size 0.0500 Acres
Taxes $5,875
Units 2
Stories 2
Road Frontage
Annual Income $42,000
Style Duplex, Multi-Family
Water Frontage
Annual Expenses $0
Finished 2,478 Sqft
Construction No, Existing
Zoning RHD
Above Grade 2,478 Sqft
Seasonal No
Total Rooms 7
Below Grade 0 Sqft
List Date Sep 18th, 2020
Gross Income $42,000
Operating Expenses $0
Net Income $29,780
Expenses Includes
Unit 1 3 Beds, 1 Baths, 1,239 SqFt, $2,000/Monthly
Unit 2 4 Beds, 1 Baths, 1,239 SqFt, $1,500/Monthly
ConstructionWood Frame
BasementInterior, Unfinished, Full
Interior Features
Exterior Features
Exterior Vinyl Siding
Disability Features
Foundation Brick, Stone
House Color Gray
Floors
Building Certifications
Roof Membrane
HERS Index
DirectionsTake Pearl Street West, right onto Elmwood Avenue, left onto Peru Street, building on left just after Johnson Street.
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