32 Grove Street Burlington, Vermont 05401

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Sold Status
$625,000 Price
Multi Type
13 Beds
5 Baths
5,332 Sqft
Listed By Lipkin Audette Team of Coldwell Banker Hickok & Boardman

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NMLS# 446767

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Situated on Lake Champlain with views of the Adirondack Mountains, Burlington VT offers a wealth of cultural activities, lovely Victorian architecture, and a well educated, vibrant community. Here life takes place on a human scale. Most...

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Key opportunity to boost your investment portfolio! Fully occupied 5 Unit apartment building offering significant upside with existing 7.5+ Cap rate! Recent capital improvements include 6 newer high-efficiency boilers. A mix of 3 Bedroom and 2 Bedroom units with on-site coin op laundry, walk up large unfinished attic and ample parking. Well located near University of Vermont and Medical Center and the vibrant Winooski downtown.

Property Location

Property Details

Sold Price  $620,000 Sold Date  Dec 16th, 2019
MLS#  4775102 Bedrooms  13 Garage Size   Car
List Price  625,000 Total Bathrooms  5 Year Built  1920
Type  Multi-Family Lot Size  0.1700 Acres Taxes $14,918
Units  5 Stories  1/2/1900 Road Frontage  
Annual Income  $47,297 Style  Apartment Building Water Frontage  
Annual Expenses  $0 Finished  5,332 Sqft Construction  No, Existing
Zoning   RL Above Grade  4,332 Sqft Seasonal  No
Total Rooms  13 Below Grade  1,000 Sqft List Date  Sep 6th, 2019
Gross Income  $84,192 Operating Expenses  $0 Net Income  $47,297
Expenses Includes 
Unit 1   2 Beds, 1 Baths, $1,340/Monthly Unit 2   3 Beds, 1 Baths, $1,750/Monthly
Unit 3   3 Beds, 1 Baths, $1,610/Monthly Unit 4   3 Beds, 1 Baths, $1,325/Monthly
Unit 5   2 Beds, 1 Baths, $950/Monthly
ConstructionWood Frame
BasementInterior, Partially Finished, Full
Interior Features
Exterior Features
Exterior  Vinyl Siding Disability Features  
Foundation  Stone House Color  White
Floors  Vinyl, Carpet, Hardwood Building Certifications  
Roof  Slate HERS Index  
DirectionsFrom Burlington, head North on Colchester Avenue, down the hill towards Winooski. Turn right on Chase Street before the bottom of the hill, then right again on Barrett Street and right once more on Grove Street. Property is on the left.
Lot Description, City Lot
Garage & Parking  No, , , Off Street
Road Frontage   Water Access  
Driveway  Dirt, Common/Shared Water Type  
Flood Zone  Unknown Water Body  
Zoning  RL
School District  NA Middle  
Elementary   High  
Heat Fuel   Excluded  
Heating/Cool  None, Hot Water Negotiable  
Sewer  Public Parcel Access ROW  
Water  Public ROW for Other Parcel  
Water Heater  Tank Financing  
Cable Co   Documents  
Electric  Circuit Breaker Tax ID  114-035-16876