515-517 South Willard Street Burlington, Vermont 05401

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Under Contract Status
$599,000 Price
Multi Type
6 Beds
3 Baths
2,496 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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Hill Section Triplex Hill Section Triplex
Plenty of Parking Plenty of Parking
Living Room - Unit 517 Living Room - Unit 517
Galley Kitchen Galley Kitchen
With Dining Benches With Dining Benches
Granite Counter with Sink Granite Counter with Sink
Bedroom Bedroom
Full Bath Full Bath
Living Room - 515A Living Room - 515A
Stainless Kitchen Appliances Stainless Kitchen Appliances
Dining Area Dining Area
Plenty of Counter Space Plenty of Counter Space
Built-in Hutch Built-in Hutch
Private Laundry in 515A Private Laundry in 515A
Full Bath Full Bath
Large Bedroom Large Bedroom
Smaller Bedroom Smaller Bedroom
Kitchen in 515B Upstairs Kitchen in 515B Upstairs
Spacious Kitchen Spacious Kitchen
With Window into Living Room With Window into Living Room
Sunny Living Room Sunny Living Room
Full Bath Full Bath
Coin-Op Laundry in Basement Coin-Op Laundry in Basement
Back Entrance to 515A Back Entrance to 515A
2-Car Garage 2-Car Garage
Beech Street Side Beech Street Side
Corner Lot in Hill Section Corner Lot in Hill Section

Hill Section Triplex

Rare opportunity to invest in the Hill Section of Burlington. Offering 3 units with a cozy 1-bedroom, a 2-bedroom with private laundry and a 3-bedroom apartment on the 2nd level. All attractive units with unique features and nicely updated. The building is nestled on a corner lot with a 2-car garage and ample of parking. Separate utilities plus coin-op laundry in basement. Turn-key and ready for a new landlord! Tenants love the easy access to colleges, University of Vermont Medical Center, downtown and the waterfront.

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Property Location

Property Details

Contract Date  Nov 17th, 2020
MLS#  4835405 Bedrooms  6 Garage Size  2 Car
List Price  599,000 Total Bathrooms  3 Year Built  1910
Type  Multi-Family Lot Size  0.1500 Acres Taxes $10,648
Units  3 Stories  2 Road Frontage  
Annual Income  $41,154 Style  Apartment Building, Multi-Family Water Frontage  
Annual Expenses  $0 Finished  2,496 Sqft Construction  No, Existing
Zoning   RLD Above Grade  2,496 Sqft Seasonal  No
Total Rooms  6 Below Grade  0 Sqft List Date  Oct 22nd, 2020
Gross Income  $58,800 Operating Expenses  $0 Net Income  $41,154
Expenses Includes 
Unit 1   1 Beds, 1 Baths, $1,150/Monthly Unit 2   2 Beds, 1 Baths, $1,550/Monthly
Unit 3   3 Beds, 1 Baths, $2,200/Monthly
ConstructionWood Frame
BasementInterior, Unfinished
Interior Features
Exterior Features
Exterior  Wood Siding Disability Features  
Foundation  Block House Color  Green
Floors  Laminate, Hardwood Building Certifications  
Roof  Shingle HERS Index  
DirectionsFrom Main/South Willard Street, head toward Champlain College, building on corner of South Willard and Beech Street.
Lot Description, Corner, City Lot, Sidewalks
Garage & Parking  Yes, Other, , 3-5 Spaces
Road Frontage   Water Access  
Driveway  Paved Water Type  
Flood Zone  Unknown Water Body  
Zoning  RLD
School District  NA Middle  
Elementary   High  
Heat Fuel   Excluded  
Heating/Cool  None, Space Heater, Hot Air Negotiable  
Sewer  Public Parcel Access ROW  
Water  Public ROW for Other Parcel  
Water Heater  Rented Financing  
Cable Co   Documents  Deed
Electric  Circuit Breaker Tax ID  114-035-18859