42 Intervale Avenue Burlington, Vermont 05401

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Under Contract Status
$1,400,000 Price
Multi Type
12 Beds
8 Baths
4,932 Sqft
Listed By Lipkin Audette Team of Coldwell Banker Hickok & Boardman

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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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Exceptional Burlington 8 Unit

42 Intervale Ave located in Burlington's O.N.E consists of 8 apartments in 2 buildings with plenty of parking. The front building was built in 1987 and has 6 apartments- all very desirable one bedroom apartments, The rear duplex has 3 large bedrooms plus rear porches. Turn key, well maintained property with easy to rent apartments!

• 2 Building total of 8 units
• Plenty of off-street parking
• Exceptionally maintained
• Strong financial's with big upside!

Property Location

Property Details

Contract Date  Sep 16th, 2021
MLS#  4874000 Bedrooms  12 Garage Size   Car
List Price  1,400,000 Total Bathrooms  8 Year Built  1979
Type  Multi-Family Lot Size  0.3000 Acres Taxes $25,411
Units  8 Stories  2 Road Frontage  70
Annual Income  $119,340 Style  Multi-Family Water Frontage  
Annual Expenses  $0 Finished  4,932 Sqft Construction  No, Existing
Zoning   Residential Med. Density Above Grade  4,932 Sqft Seasonal  No
Total Rooms  12 Below Grade  0 Sqft List Date  Jul 23rd, 2021
Gross Income  $119,340 Operating Expenses  $0 Net Income  $77,826
Expenses Includes 
Unit 1   1 Beds, 1 Baths, $1,000/Monthly Unit 2   1 Beds, 1 Baths, $1,000/Monthly
Unit 3   1 Beds, 1 Baths, $1,000/Monthly Unit 4   1 Beds, 1 Baths, $1,025/Monthly
Unit 5   1 Beds, 1 Baths, $1,025/Monthly Unit 6   1 Beds, 1 Baths, $1,075/Monthly
Unit 7   3 Beds, 1 Baths, $1,950/Monthly Unit 8   3 Beds, 1 Baths, $1,870/Monthly
ConstructionWood Frame
BasementWalkout, Concrete Floor
Interior Features
Exterior Features
Exterior  Vinyl, Clapboard Disability Features  
Foundation  Concrete House Color  White
Floors   Building Certifications  
Roof  Shingle-Asphalt HERS Index  
Lot Description, City Lot
Garage & Parking  No, ,
Road Frontage  70 Water Access  
Driveway  Gravel Water Type  
Flood Zone  Unknown Water Body  
Zoning  Residential Med. Density
School District  NA Middle  
Elementary   High  
Heat Fuel   Excluded  
Heating/Cool  None, Space Heater, Hot Water Negotiable  
Sewer  Public Parcel Access ROW  
Water  Public ROW for Other Parcel  
Water Heater  Owned Financing  
Cable Co   Documents  
Electric  Circuit Breaker Tax ID  114-035-15070