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502-510 South Willard Street Burlington, Vermont 05401 Property Closed

$1,299,000 Price
Multi Type
11 Beds
10 Baths
4,048 Sqft

Listed By James Metropoulos of Coldwell Banker Hickok & Boardman Realty

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Property Location

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Call: (802)879-8790 Option 1 x2052
NMLS# 446767

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Burlington

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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Multi-Family Home

Don’t miss your chance to take advantage of the lucrative Burlington rental market. This 4 building, 8 unit property is filled with potential, whether you’re looking for an owner-occupied rental, to develop, or to add to your investment portfolio. These 8 units provide an opportunity for a wide variety of renters as well as a consistent stream of income for their new owner. This property is located in the desirable hill section of Burlington and offers plenty of unique character which is complimented by its lake views. Situated on nearly 2 acres, this well landscaped compound provides a secluded feel while having the convenience of being in close proximity to colleges and all Burlington has to offer! Owner is a licensed Realtor

Insights Exclusive Data

Listing Status  Closed Contract Date  10/01/2019
Days on Market   Closing Date  10/18/2019
Original Price  $1,350,000 Closing Price  $1,200,000
Property ID  (035) 043-3-113-000 Span  114-035-14324

Essentials

MLS#  4765917 Bedrooms  11 Garage Size   Car
List Price  1,299,000 Total Bathrooms  10 Year Built  1903
Type  Multi-Family Lot Size  1.9500 Acres Taxes $30,539
Units  8 Stories  1/2/1900 Road Frontage  
Annual Income  $120,600 Style  Multi-Family Water Frontage  
Annual Expenses  $0 Finished  4,048 Sqft Construction  No, Existing
Zoning   RA Above Grade  4,048 Sqft Seasonal  No
Total Rooms   Below Grade  0 Sqft List Date  Jul 19th, 2019

Expenses

Total Expenses  $0 Insurance  $0
Water & Sewer  $0 Taxes  $0
Trash  $0 Miscellaneous  $0
Maintenance  $0 Association Dues  $0
Rent Includes 

Unit Size & Rent

Unit 1   1 Beds, 1 Baths, $875/Monthly Unit 2   1 Beds, 1 Baths, $710/Monthly
Unit 3   1 Beds, 1 Baths, $500/Monthly Unit 4   1 Beds, 1 Baths, $825/Monthly
Unit 5   2 Beds, 1 Baths, $1,560/Monthly Unit 6   3 Beds, 3 Baths, $3,800/Monthly
Unit 7   1 Beds, 1 Baths, $1,225/Monthly Unit 8   1 Beds, 1 Baths, $690/Monthly

Building/Construction

ConstructionWood Frame
BasementInterior, Unfinished, Storage Space, Interior Stairs, Exterior Stairs, Dirt, Unfinished, Walkout
Interior Features
Exterior Features
Exterior  Wood, Stucco Disability Features  
Foundation  Brick, Stone House Color  
Floors   Building Certifications  
Roof  Tile, Membrane HERS Index  

Property

Lot DescriptionUnknown, Lake View, City Lot, Landscaped
Garage & Parking  No, ,
Road Frontage   Water Access  
Driveway  Paved Water Type  
Flood Zone  Unknown Water Body  
Zoning  RA

Schools

School District  Burlington School District Middle  Edmunds Middle School
Elementary  Edmunds Elementary School High  Burlington High School

Utilities & Other

Heat Fuel   Excluded  
Heating/Cool  None, Baseboard, Vented Gas Heater Negotiable  
Sewer  Public Parcel Access ROW  
Water  Public ROW for Other Parcel  
Water Heater  Gas-Natural Financing  
Cable Co   Documents  Deed, Property Disclosure
Electric  Circuit Breaker Tax ID  114-035-14324
DirectionsNorth on Shelburne road veer right onto South Willard Street. Property on the right. Sign on Property.
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