For Sale Status
$659,000 List Price
Multi Type
7 Beds
3 Baths
2,591 Sqft
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Burlington
Well maintained 3 unit investment property situated in the heart of Burlington's North End! Within walking distance to all of this areas amazing amenities including local schools, restaurants, church street shopping, the waterfront, nearby trails, recreation and more! Meticulously maintained by the current owner for 23 years with solid rental history and fully occupied with long standing tenants (mostly month to month), this makes the ideal property for any investor looking to add stable rental income to their growing portfolio. The first and second floor units are nicely appointed each featuring 3 bedrooms and a full bath spread out over nearly 950 sqft while the third floor 1 bedroom, 1 bath unit affords over 700 sqft of recently updated living space including all new LVP flooring and fresh paint throughout! Each apartment features a private covered porch at the front and backs of the building with direct access to the partially fenced backyard. 3+ off street parking spots, separate meters for all utilities (including water/sewer if desired), a prime location and an excellent cap rate make this a great opportunity. Take advantage of this outstanding investment opportunity with plenty of room for increased future potential! †
Property Location
Property Details
MLS# 4974743 | Bedrooms 7 | Garage Size 0 Car |
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List Price 659,000 | Total Bathrooms 3 | Year Built 1899 |
Type Multi-Family | Lot Size 0.0900 Acres | Taxes $11,742 |
Units 3 | Stories 1/2/1900 | Road Frontage |
Annual Income $55,200 | Style Multi-Family | Water Frontage |
Annual Expenses $0 | Finished 2,591 Sqft | Construction No, Existing |
Zoning Residential - MD | Above Grade 2,591 Sqft | Seasonal No |
Total Rooms 7 | Below Grade 0 Sqft | List Date Oct 19th, 2023 |