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Exceptional Multi-Family Investment Opportunity in Downtown Burlington. Discover a rare chance to own a meticulously maintained 10-bedroom, 6-unit multi-family property in the heart of Burlington. Situated next to the picturesque Battery Park and just a few blocks from Waterfront Park and Church Street Marketplace, this property offers unparalleled convenience and lifestyle. Completely rebuilt in the 1990s, the building boasts modern upgrades and updated interior finishes. Each of the four charming two-bedroom units features soaring 10-foot ceilings, hardwood floors, and mostly renovated kitchens, creating a bright and welcoming atmosphere. With a proven track record of full occupancy, this turn-key property is a perfect addition to any investor’s portfolio. Don’t miss this incredible opportunity to own a prime, income-generating asset. †
Property Location
28-32 Park Street Burlington
Property Details
List Price 1,295,000
Bedrooms 10
Garage Size Car
Cooperation Fee Unknown
Total Bathrooms 6
Year Built 1899
MLS# 5027182
Lot Size 0.05 Acres
Taxes $21,393
Type Multi-Family
Days on Market 56 Days
Tax Year 2024
Units 6
Stories 3
Road Frontage
Annual Income $120,005
Style
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 Jan 21st, 2025
Gross Income $120,005
Operating Expenses $0
Net Income $80,172
Expenses Includes
Unit 1 1 Beds, 1 Baths, 700 SqFt, $1,600/Monthly
Unit 2 1 Beds, 1 Baths, 700 SqFt, $1,600/Monthly
Unit 3 2 Beds, 1 Baths, 760 SqFt, $1,745/Monthly
Unit 4 2 Beds, 1 Baths, 760 SqFt, $1,865/Monthly
Unit 5 2 Beds, 1 Baths, 760 SqFt, $1,660/Monthly
Unit 6 2 Beds, 1 Baths, 760 SqFt, $1,825/Monthly
Construction
Basement
Interior Features
Exterior Features
Exterior
Disability Features
Foundation Stone
House Color
Floors Hardwood, Ceramic Tile
Building Certifications
Roof Metal
HERS Index
Directions
Lot Description, Corner, Lake View, Mountain View
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, Hot Water, Baseboard
Negotiable
Sewer Public
Parcel Access ROW
Water
ROW for Other Parcel
Water Heater
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 PrimeMLS IDX Program and do not represent the views and opinions of Coldwell Banker Hickok & Boardman. Coldwell Banker Hickok & Boardman cannot be held responsible for possible violations of copyright resulting from the posting of any data from the PrimeMLS IDX Program.
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