351-353 South Winooski Burlington, Vermont 05408 MLS# 4243564

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Sold Status

$380,000 Sold Price

Multi Type

6 Beds

3 Baths

3,511 Sqft

Listed By Matt Hurlburt of RE/MAX North Professionals
Sold By Greg Clairmont and Associates .
✉ 🖶

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351-353 South Winooski

Nice building in a fantastic downtown location. Year leases until 2014 on all units. Sufficient parking, plus older 2 car detached garage. 2 currently occupied units are under market rent for long term tenants - see Income and Expense sheet for projections. Tenants pay utilities, 1 and 3 bedroom units are VT Gas, 2 bedroom unit is electric heat. Minimum Housing and Burlington Fire Marshal inspections complete, and punch lists are in the process of being completed for certificates. BEL Time of Sale certificate has been issued. EMP is in process of being filed. Permits in process for egress windows and new shingle roof on pitched roof areas. Flat roof areas replaced in 2011. †

Property Location

351-353 South Winooski Burlington

Property Details

Sold Price  $380,000 Sold Date  Aug 15th, 2013
MLS#  4243564 Bedrooms  6 Garage Size  2 Car
List Price  395,000 Total Bathrooms  3 Year Built  1937
Type  Multi-Family Lot Size  0.1500 Acres Taxes $9,580
Units  3 Stories  2 Road Frontage  25
Annual Income  $36,000 Style  Other Water Frontage  
Annual Expenses  $13,043 Finished  3,511 Sqft Construction  No, Existing
Zoning   RM Above Grade  2,186 Sqft Seasonal  No
Total Rooms  6 Below Grade  1,325 Sqft List Date  Jun 4th, 2013
Gross Income  $36,000 Operating Expenses  $13,043 Net Income  $0
Expenses Includes 
Unit 1   2 Beds, 1 Baths, 930 SqFt, $900/Monthly Unit 2   3 Beds, 1 Baths, 1,256 SqFt, $1,300/Monthly
Unit 3   1 Beds, 1 Baths, 1,325 SqFt, $800/Monthly
ConstructionWood Frame
Basement, Partially Finished
Interior Features
Exterior Features
Exterior  Wood, Stone Disability Features  
Foundation  Concrete House Color  
Floors  Vinyl, Carpet, Hardwood Building Certifications  
Roof  Shingle-Other HERS Index  
DirectionsFrom intersection of Main Street and So. Winooski Ave, south on So. Winooski Ave, cross intersection with Spruce St to third drive on right.
Lot Description, City Lot, Near Bus/Shuttle
Garage & Parking  Yes, , , On Street, Unassigned, Off Street, Garage
Road Frontage  25 Water Access  
Driveway  Paved Water Type  
Flood Zone  No Water Body  
Zoning  RM
School District  Burlington School District Middle  Edmunds Middle School
Elementary   High  Burlington High School
Heat Fuel   Excluded  
Heating/Cool  , Hot Air Negotiable  
Sewer  Public Parcel Access ROW  
Water  Public ROW for Other Parcel  
Water Heater  Owned Financing  , Conventional
Cable Co   Documents  Deed
Electric  Circuit Breaker Tax ID  114-035-17718
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† The remarks published on this webpage originate from Listed By Matt Hurlburt of RE/MAX North Professionals 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.