52-62 Cedar Burlington, Vermont 05401 MLS# 4501546

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Sold Status

$967,500 Sold Price

Multi Type

14 Beds

8 Baths

6,978 Sqft

Listed By Steve Lipkin of Coldwell Banker Hickok & Boardman - (802)846-9575
Sold By Steve Lipkin of Coldwell Banker Hickok and Boardman
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52-62 Cedar

Attention Investors! Turn-key 9-Unit building just a few blocks from downtown Burlington. Several of the apartments have been tastefully remodeled in the past couple of years. One and two bedroom units for easy rentals. Separate utilities, laundry on site, some parking. Excellent cap rate!

Property Location

52-62 Cedar Burlington

Property Details

Sold Price  $967,500 Sold Date  Oct 21st, 2016
MLS#  4501546 Bedrooms  14 Garage Size  0 Car
List Price  999,000 Total Bathrooms  8 Year Built  1899
Type  Multi-Family Lot Size  0.1000 Acres Taxes $17,468
Units  9 Stories  3 Road Frontage  
Annual Income  $122,400 Style  Other Water Frontage  
Annual Expenses  $31,897 Finished  6,978 Sqft Construction  No, Existing
Zoning   RM Above Grade  6,978 Sqft Seasonal  No
Total Rooms  14 Below Grade  0 Sqft List Date  Jun 28th, 2016
Gross Income  $122,400 Operating Expenses  $31,897 Net Income  $0
Expenses Includes 
Unit 1   2 Beds, 1 Baths, $900/Monthly Unit 2   2 Beds, 1 Baths, $900/Monthly
Unit 3   1 Beds, 1 Baths, $950/Monthly Unit 4   2 Beds, 1 Baths, $1,200/Monthly
Unit 5   2 Beds, 1 Baths, $1,500/Monthly Unit 6   1 Beds, 1 Baths, $1,050/Monthly
Unit 7   2 Beds, 1 Baths, $1,250/Monthly Unit 8   2 Beds, 1 Baths, $1,200/Monthly
ConstructionWood Frame, Other
BasementInterior, Unfinished, Full
Interior Features
Exterior Features
Exterior  Wood, Vinyl Disability Features  
Foundation  Block, Stone House Color  White
Floors  Vinyl, Carpet, Tile, Slate/Stone, Hardwood, Laminate Building Certifications  
Roof  Shingle-Asphalt, Rolled HERS Index  
DirectionsNorth St to Lafountain St. Home is on the corner of Cedar and Lafountain St.
Lot Description, Corner, City Lot, Near Bus/Shuttle
Garage & Parking  No, , , On Street, Paved, Off Street, 4 Parking Spaces
Road Frontage   Water Access  
Driveway  Paved Water Type  
Flood Zone  Unknown Water Body  
Zoning  RM
School District  NA Middle  Edmunds Middle School
Elementary  Assigned High  Burlington High School
Heat Fuel   Excluded  
Heating/Cool  Individual, Individual, Wall Units, Vented Gas Heater, Individual Negotiable  
Sewer  Public Parcel Access ROW  
Water  Public ROW for Other Parcel  
Water Heater  Rented, Gas-Natural Financing  
Cable Co  Comcast Documents  Property Disclosure, Deed
Electric  Circuit Breaker Tax ID  114-035-14640
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