Back to Search ResultsSold Status
$1,515,000 Sold Price
Multi Type
23 Beds
8 Baths
9,820 Sqft
Sold By The Marcelino Team
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Burlington
Consistently rented 9 unit multifamily, conveniently located, with very good income. Property consists of 7 townhouse style condos built in 1985 and a 2 story duplex attached built in 1930 for total of 8 condos and 9 units. The 7 townhouses pay all of their own utilities and sewer and water. They are in good condition and each have 3 bedrooms and 1.5 baths; all are on slabs. The owner pays heat, sewer, water and hot water for duplex. The duplex, unit 9 & 10, are large 3 bedroom units. #9 has a huge unfinished basement and enclosed porch. #10 has 2 full baths. Duplex has hot water heat. All rental agreements are through summer 2017. There is lots of parking; lot located near North St and convenient to public transportation, in area that has definitely been upgraded over last decade. Property in compliance with Burlington codes and EMP completed. Income includes $1200 average a year from coin-op laundry which is located between duplex and townhouses. Owner pays electric for this room. Washer and dryer in coin op laundry included in sale. Unit 9 Info: CLA, 48 hours. 5 rooms, 3 bedrooms, 1 bath. Appliances included. 2nd level. 1136 sq ft flat. Has annual rental agreement and is currently leased/occupied. $1800 deposit and $1800 (monthly) rent. Tenant pays electric and internet service. †
Property Location
Property Details
| Sold Price $1,515,000 | Sold Date May 10th, 2017 | |
|---|---|---|
| MLS# 4608770 | Bedrooms 23 | Garage Size Car |
| List Price 1,500,000 | Total Bathrooms 8 | Year Built 1985 |
| Type Multi-Family | Lot Size 0.5000 Acres | Taxes $29,180 |
| Units 9 | Stories 2 | Road Frontage 96 |
| Annual Income $0 | Style Town House, Townhouse | Water Frontage |
| Annual Expenses $41,150 | Finished 9,820 Sqft | Construction No, Existing |
| Zoning Residential | Above Grade 9,820 Sqft | Seasonal No |
| Total Rooms 23 | Below Grade 0 Sqft | List Date Nov 8th, 2016 |
| Gross Income $0 | Operating Expenses $41,150 | Net Income $173,600 |
|---|
| Expenses Includes |
|---|
| Unit 1 3 Beds, 1 Baths, 1,060 SqFt, $1,500/Mo | Unit 2 3 Beds, 1 Baths, 1,060 SqFt, $1,540/Mo |
|---|---|
| Unit 3 3 Beds, 1 Baths, 1,060 SqFt, $1,500/Mo | Unit 4 3 Beds, 1 Baths, 1,060 SqFt, $1,500/Mo |
| Unit 5 3 Beds, 1 Baths, 1,060 SqFt, $0/Mo | Unit 6 3 Beds, 1 Baths, 1,060 SqFt, $0/Mo |
| Unit 7 3 Beds, 1 Baths, 1,060 SqFt, $0/Mo | Unit 8 2 Beds, 1 Baths, 1,264 SqFt, $0/Mo |
| ConstructionWood Frame |
|---|
| BasementInterior, Unfinished, Slab, Partial, Unfinished |
| Interior Features |
| Exterior Features |
| Exterior Vinyl Siding, Wood Siding | Disability Features |
|---|---|
| Foundation Stone, Slab w/Frst Wall, Stone | House Color |
| Floors | Building Certifications |
| Roof Shingle-Asphalt | HERS Index |
| DirectionsFrom Prospect St, turn west onto North St. Turn right just after North Willard onto Hyde St. Property is on left just after Y in road. |
|---|
| Lot DescriptionNo, Level, City Lot, Level, Sidewalks, Street Lights, Near Bus/Shuttle |
| Garage & Parking No, , |
| Road Frontage 96 | Water Access |
|---|---|
| Driveway Gravel | Water Type |
| Flood Zone No | Water Body |
| Zoning Residential |
| School District NA | Middle |
|---|---|
| Elementary | High |
| Heat Fuel | Excluded |
|---|---|
| Heating/Cool None, Forced Air, Monitor Type | Negotiable |
| Sewer Public | Parcel Access ROW No |
| Water Public | ROW for Other Parcel No |
| Water Heater Gas | Financing , Commercial, Commercial |
| Cable Co | Documents Association Docs, Property Disclosure, Other |
| Electric 100 Amp, Circuit Breaker | Tax ID 11403515709 |
† The remarks published on this webpage originate from Listed By Warren Palm of BHHS Vermont Realty Group/S Burlington 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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