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Burlington Investment property in incredible location. Rare opportunity to own a 10 bedroom, 6 unit multi-family in the heart of Burlington. Perched next to Battery Park and and a few blocks from Waterfront Park and Church Street, these units never have a vacancy. The building was fully rebuilt in the 1990's providing modern windows, siding, roof and interior finishes. The 4, two bedroom units sparkle with charm and offer 10 foot ceilings. Hardwood flooring and renovated kitchens throughout. This is a turn-key, income generating property, a must see for investors. †
Property Location
28-32 Park Street Burlington
Property Details
MLS# 4983691
Bedrooms 10
Garage Size Car
List Price 1,350,000
Total Bathrooms 6
Year Built 1899
Type Multi-Family
Lot Size 0.0500 Acres
Taxes $19,580
Units 6
Stories 3
Road Frontage
Annual Income $115,700
Style Multi-Family
Water Frontage
Annual Expenses $0
Finished 4,442 Sqft
Construction No, Existing
Zoning Res High Density
Above Grade 4,442 Sqft
Seasonal No
Total Rooms 10
Below Grade 0 Sqft
List Date Feb 1st, 2024
Gross Income $115,700
Operating Expenses $0
Net Income $69,973
Expenses Includes
Unit 1 1 Beds, 1 Baths, 700 SqFt, $1,550/Monthly
Unit 2 1 Beds, 1 Baths, 700 SqFt, $1,550/Monthly
Unit 3 2 Beds, 1 Baths, 760 SqFt, $1,685/Monthly
Unit 4 2 Beds, 1 Baths, 760 SqFt, $1,800/Monthly
Unit 5 2 Beds, 1 Baths, 760 SqFt, $1,600/Monthly
Unit 6 2 Beds, 1 Baths, 760 SqFt, $1,765/Monthly
ConstructionWood Frame
Basement
Interior Features
Exterior Features
Exterior Vinyl Siding
Disability Features
Foundation Stone
House Color
Floors Hardwood, Ceramic Tile
Building Certifications
Roof Metal
HERS Index
Directions
Lot Description
Garage & Parking No, On Street
Road Frontage
Water Access
Driveway None
Water Type
Flood Zone No
Water Body
Zoning Res High Density
School District Burlington School District
Middle
Elementary Choice
High Burlington High School
Heat Fuel
Excluded
Heating/Cool None, Baseboard, Hot Water
Negotiable
Sewer Public
Parcel Access ROW
Water Public
ROW for Other Parcel
Water Heater Off Boiler
Financing
Cable Co BT
Documents
Electric Circuit Breaker
Tax ID 114-035-14992
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† The remarks published on this webpage originate from Listed By Erin Dupuis of Vermont Real Estate Company 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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