51 Loomis Street Burlington, Vermont 05401 MLS# 4983444

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Sold Status

$1,010,000 Sold Price

Multi Type

10 Beds

3 Baths

3,140 Sqft

Listed By Lipkin Audette Team of Coldwell Banker Hickok & Boardman - (802) 846-8800
Sold By Flat Fee Real Estate

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51 Loomis Street

Triplex with 10 bedrooms on a corner lot with 2 driveways and plenty of parking. Set in the heart of Burlington, close to UVM, the hospital, and downtown. Prime student rental location. All units are fully rented for 2024-2025.

Property Location

51 Loomis Street Burlington

Property Details

Sold Price  $1,010,000 Sold Date  Apr 25th, 2024
List Price  1,050,000 Bedrooms  10 Garage Size   Car
Cooperation Fee  Unknown Total Bathrooms  3 Year Built  1899
MLS#  4983444 Lot Size  0.11 Acres Taxes $16,565
Type  Multi-Family Days on Market  168 Days Tax Year 2023
Units  3 Stories  1/2/1900 Road Frontage  
Annual Income  $96,180 Style  Multi-Family Water Frontage  
Annual Expenses  $0 Finished  3,140 Sqft Construction  No, Existing
Zoning   RM Above Grade  3,140 Sqft Seasonal  No
Total Rooms  10 Below Grade  0 Sqft List Date  Jan 29th, 2024
Gross Income  $96,180 Operating Expenses  $0 Net Income  $68,127
Expenses Includes 
Unit 1   4 Beds, 1 Baths, $2,940/Monthly Unit 2   5 Beds, 1 Baths, $3,675/Monthly
Unit 3   1 Beds, 1 Baths, $1,500/Monthly
ConstructionWood Frame
BasementWalk-up, Unfinished
Interior Features
Exterior Features
Exterior  Aluminum Disability Features  
Foundation  Brick, Stone House Color  
Floors   Building Certifications  
Roof  Slate HERS Index  
DirectionsTriplex is on the corner of Loomis Street & Greene Street.
Lot Description
Garage & Parking  No
Road Frontage   Water Access  
Driveway  Paved Water Type  
Flood Zone  Unknown Water Body  
Zoning  RM
School District  Burlington School District Middle  
Elementary   High  
Heat Fuel   Excluded  
Heating/Cool  None, 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  114-035-15843