51 Intervale Avenue Burlington, Vermont 05401 MLS# 5003142

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Sold Status

$639,900 Sold Price

Multi Type

7 Beds

3 Baths

2,591 Sqft

Listed By Flex Realty Group of Flex Realty
Sold By Catamount Realty Group
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Burlington

51 Intervale Avenue

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

51 Intervale Avenue Burlington

Property Details

Sold Price  $639,900 Sold Date  Jun 28th, 2024
List Price  639,900 Bedrooms  7 Garage Size  0 Car
Cooperation Fee  Unknown Total Bathrooms  3 Year Built  1899
MLS#  5003142 Lot Size  0.09 Acres Taxes $11,742
Type  Multi-Family Days on Market  26 Days Tax Year 2023
Units  3 Stories  1/2/1900 Road Frontage  
Annual Income  $0 Style   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  Jun 28th, 2024
Gross Income  $0 Operating Expenses  $0 Net Income  $0
Expenses Includes 
Unit 1   3 Beds, 1 Baths, 942 SqFt, $2,000/Monthly Unit 2   3 Beds, 1 Baths, 942 SqFt, $1,650/Monthly
Unit 3   1 Beds, 1 Baths, 707 SqFt, $1,300/Monthly
Construction
BasementInterior, Unfinished
Interior Features
Exterior Features
Exterior   Disability Features  
Foundation  Stone, Concrete House Color  Tan
Floors  Carpet, Vinyl, Laminate, Vinyl Plank Building Certifications  
Roof  Slate HERS Index  
DirectionsFollow Main Street towards downtown Burlington, Right onto South Union (.8 miles), Left onto Archibald Street (.3 miles), Left onto Intervale Ave (.1 miles), Property on Right, See Sign.
Lot Description, Near Bus/Shuttle, Porch - Covered
Garage & Parking  No, On Street, Off Street, 3 Parking Spaces, Parking Spaces 3
Road Frontage   Water Access  
Driveway  Gravel, Crushed Stone Water Type  
Flood Zone  No Water Body  
Zoning  Residential - MD
School District  Burlington School District Middle  Edmunds Middle School
Elementary  Integrated Arts Academy High  Burlington High School
Heat Fuel   Excluded  
Heating/Cool  None, Direct Vent, Hot Air, Hot Air, Monitor Type Negotiable  
Sewer  Public, Metered Parcel Access ROW  
Water   ROW for Other Parcel  
Water Heater   Financing  
Cable Co  Xfinity Documents  
Electric  Circuit Breaker Tax ID  114-035-15041
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† The remarks published on this webpage originate from Listed By Flex Realty Group of Flex Realty via the PrimeMLS IDX Program and do not represent the views and opinions of Coldwell Banker Hickok & Boardman. Coldwell Banker Hickok & Boardman cannot be held responsible for possible violations of copyright resulting from the posting of any data from the PrimeMLS IDX Program.