286 Pearl Street Burlington, Vermont 05401

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For Sale Status
$799,000 List Price
Multi Type
7 Beds
3 Baths
2,555 Sqft
Listed By Robert Foley of Flat Fee Real Estate

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Very well maintained three unit building in the heart of downtown Burlington within blocks of UVM, Champlain College, Church Street and the UVM Medical Center. Turn key investment with all leases in place. The units are in very good shape. Unit 1 is a 3 bed, 1 bath with hardwood and tile flooring, updated kitchen, gas fireplace for primary heat and energy efficient windows. Unit 2 is a 2 bed, 1 bath and Unit 3 is a 2 bed, 1 bath. Rents a slightly below market and owner projects an additional $5,000 in annual income from raising rents to market. A great investment.

Property Location

Property Details

MLS#  4904232 Bedrooms  7 Garage Size   Car
List Price  799,000 Total Bathrooms  3 Year Built  1899
Type  Multi-Family Lot Size  0.0800 Acres Taxes $13,487
Units  3 Stories  3 Road Frontage  49
Annual Income  $70,106 Style  Apartment Building Water Frontage  
Annual Expenses  $0 Finished  2,555 Sqft Construction  No, Existing
Zoning   residential Above Grade  2,555 Sqft Seasonal  No
Total Rooms  7 Below Grade  0 Sqft List Date  Apr 7th, 2022
Gross Income  $70,106 Operating Expenses  $0 Net Income  $51,035
Expenses Includes 
Unit 1   3 Beds, 1 Baths, $2,460/Monthly Unit 2   2 Beds, 1 Baths, $1,640/Monthly
Unit 3   2 Beds, 1 Baths, $1,440/Monthly
ConstructionWood Frame
BasementInterior, Unfinished
Interior Features
Exterior Features
Exterior  Clapboard Disability Features  
Foundation  Stone House Color  
Floors  Vinyl, Hardwood Building Certifications  
Roof  Slate, Metal HERS Index  
Lot Description, City Lot
Garage & Parking  No, , , Off Street
Road Frontage  49 Water Access  
Driveway  Paved Water Type  
Flood Zone  No Water Body  
Zoning  residential
School District  Burlington School District Middle  Edmunds Middle School
Elementary  Assigned High  Burlington High School
Heat Fuel   Excluded  
Heating/Cool  None, Hot Water Negotiable  
Sewer  Public Parcel Access ROW  
Water  Public ROW for Other Parcel  
Water Heater  Gas-Natural Financing  
Cable Co  Xfinity Documents  
Electric  Circuit Breaker Tax ID  114-035-15895

† The remarks published on this webpage originate from Listed By Robert Foley of Flat Fee Real Estate 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.