387-389 South Winooski Avenue Burlington, Vermont 05401 MLS# 4951623

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Sold Status

$745,000 Sold Price

Multi Type

6 Beds

2 Baths

3,510 Sqft

Listed By Peter Yee of Yellow Sign Commercial
Sold By Yellow Sign Commercial

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Excellent investment property. Duplex containing 3 beds 1 bath each. Located near UVM and Champlain Colleges as well as UVM Medical Center and School. It is also just a short walk to the vibrant Burlington Downtown and all it has to offer. Easy to rent. The off street parking is a huge plus when trying to attract young professional tenants. The southern part of South Winooski which this is definitely part of is quiet and also perfect for recent graduates. Improvements over the years include deck repairs, roof, furnace, flooring, cabinets, sinks, showers, paint in and out, and the most recent big repair was brand new windows. Open house will be held on Thursday 5-11-2023 from 1pm to 3pm. The tenants will vacate for this 2 hour window so just text and come. It is priced very aggressively so be prepared to submit your bid by the 14th of May at 5pm. Owner is a licensed real estate broker in VT. Tenants pay on time however will move out if I pay them. They will also sign a longer lease if that is your preference. I have a few videos, please text if you want to see them. †

Property Location

387-389 South Winooski Avenue Burlington

Property Details

Essentials

Sold Price $745,000		Sold Date Jul 7th, 2023
MLS# 4951623	Bedrooms 6	Garage Size 2 Car
List Price 690,000	Total Bathrooms 2	Year Built 1920
Type Multi-Family	Lot Size 0.1100 Acres	Taxes $10,850
Units 2	Stories 2	Road Frontage
Annual Income $84,000	Style Duplex	Water Frontage
Annual Expenses $0	Finished 3,510 Sqft	Construction No, Existing
Zoning R2	Above Grade 2,340 Sqft	Seasonal No
Total Rooms 6	Below Grade 1,170 Sqft	List Date May 7th, 2023

Expenses

Gross Income $84,000	Operating Expenses $0	Net Income $62,000

Expenses Includes

Unit Size & Rent

Unit 1 3 Beds, 1 Baths, $3,500/Monthly	Unit 2 3 Beds, 1 Baths, $3,500/Monthly

Building

ConstructionWood Frame
BasementWalkout, Storage Space, Daylight, Concrete, Storage Space
Interior Features
Exterior Features

Exterior Asphalt, Wood Siding	Disability Features
Foundation Concrete	House Color
Floors	Building Certifications
Roof Shingle-Asphalt	HERS Index

Property

DirectionsFrom Main Street in Burlington turn on to South Winooski Avenue until you reach 387 and it will be on the right.
Lot Description, City Lot
Garage & Parking Yes, , , Garage, 5-10 Spaces

Road Frontage	Water Access
Driveway Concrete	Water Type
Flood Zone No	Water Body
Zoning R2

Schools

School District NA	Middle
Elementary	High

Utilities

Heat Fuel	Excluded includes a washer and dryer. seller to keep coin operated units.
Heating/Cool None, Vented Gas Heater	Negotiable
Sewer Public	Parcel Access ROW
Water Public	ROW for Other Parcel
Water Heater Gas	Financing
Cable Co	Documents
Electric	Tax ID 114-35-18381

† The remarks published on this webpage originate from Listed By Peter Yee of Yellow Sign Commercial 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.