305 Manhattan Drive Burlington, Vermont 05401

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For Sale Status
$540,000 List Price
Multi Type
5 Beds
3 Baths
2,178 Sqft
Listed By Mike Conroy of KW Vermont

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NMLS# 49592

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This Triplex is an easy walk to downtown, colleges and all the arts and culture Burlington has to offer. With a 3 bedroom and two 1 bedroom units, this building with a well established rental history offers loads of opportunity for both the investor looking to add 5 bedrooms to their portfolio, as well as for the owner occupier looking to get started. The 3 bedroom covers the second floor and includes an awesome walk out balcony that adds to the charm and living space and is leased through next May. The 1 bedrooms downstairs are month to month and offer easy access to parking and the green space. Each of the 3 units comes with a washer and dryer and a dedicated parking spot out back for each bedroom - rare for rentals in Burlington. The deep lot currently has some fine looking gardens going and there's plenty of area to be creative. Fire and Safety has been done, EMP's are current and this building is ready to go!

Property Location

Property Details

MLS#  4875877 Bedrooms  5 Garage Size   Car
List Price  540,000 Total Bathrooms  3 Year Built  1915
Type  Multi-Family Lot Size  0.1500 Acres Taxes $8,509
Units  3 Stories  2 Road Frontage  40
Annual Income  $46,320 Style  Multi-Family Water Frontage  
Annual Expenses  $0 Finished  2,178 Sqft Construction  No, Existing
Zoning   Residential Above Grade  2,178 Sqft Seasonal  No
Total Rooms  5 Below Grade  0 Sqft List Date  Aug 4th, 2021
Gross Income  $46,320 Operating Expenses  $0 Net Income  $34,011
Expenses Includes 
Unit 1   1 Beds, 1 Baths, $1,025/Monthly Unit 2   3 Beds, 1 Baths, $1,785/Monthly
Unit 3   1 Beds, 1 Baths, $1,050/Monthly
BasementWalk-up, Unfinished
Interior Features
Exterior Features
Exterior  Aluminum, Vinyl Siding Disability Features  
Foundation  Block, Concrete, Stone House Color  
Floors   Building Certifications  
Roof  Shingle HERS Index  
Lot DescriptionUnknown, Level, City Lot
Garage & Parking  No, , , Off Site, 5 Parking Spaces
Road Frontage  40 Water Access  
Driveway  Gravel Water Type  
Flood Zone  Unknown Water Body  
Zoning  Residential
School District  NA Middle  
Elementary   High  
Heat Fuel   Excluded  
Heating/Cool  None, Baseboard Negotiable  
Sewer  Public Parcel Access ROW  Unknown
Water  Public ROW for Other Parcel  
Water Heater  Owned Financing  
Cable Co   Documents  
Electric  Circuit Breaker Tax ID  114-035-13898

† The remarks published on this webpage originate from Listed By Mike Conroy of KW Vermont 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.