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This multi-family property is a great investment opportunity and is in a great Burlington location. Some nice updates have been done over the past 10 years including a new roof and back siding. The property includes one 3-bedroom unit on the first floor, a second 3-bedroom unit on the second floor, and a 2-bedroom townhouse style unit, all with 1 full bath per unit. The property has a great backyard for tenants to enjoy and lots of off-street parking as well as a two-car garage.
Property Location
55 Monroe Street Burlington
Property Details
Sold Price $630,000
Sold Date Sep 29th, 2017
MLS# 4602460
Bedrooms 8
Garage Size 2 Car
List Price 654,900
Total Bathrooms 3
Year Built 1880
Type Multi-Family
Lot Size 0.1700 Acres
Taxes $10,774
Units 3
Stories 2
Road Frontage 55
Annual Income $61,020
Style Multi-Family
Water Frontage
Annual Expenses $7,014
Finished 2,432 Sqft
Construction No, Existing
Zoning Residential
Above Grade 2,432 Sqft
Seasonal No
Total Rooms 8
Below Grade 0 Sqft
List Date Oct 7th, 2016
Gross Income $61,020
Operating Expenses $7,014
Net Income $54,006
Expenses Includes
Unit 1 3 Beds, 1 Baths, $1,895/Monthly
Unit 2 2 Beds, 1 Baths, $1,495/Monthly
Unit 3 3 Beds, 1 Baths, $1,795/Monthly
ConstructionOther
BasementInterior, Full
Interior Features
Exterior Features
Exterior Brick, Vinyl Siding
Disability Features
Foundation Stone
House Color Brick
Floors Vinyl, Carpet, Other, Hardwood
Building Certifications
Roof Shingle-Asphalt
HERS Index
DirectionsHeading north on Battery Street, past Pearl Street, take a right onto Monroe Street, property on right.
Lot DescriptionNo, City Lot
Garage & Parking Yes, Other, , On Site, Off Street, Garage, On-Site
Road Frontage 55
Water Access
Driveway Paved
Water Type
Flood Zone No
Water Body
Zoning Residential
School District Burlington School District
Middle Choice
Elementary Choice
High Burlington High School
Heat Fuel
Excluded
Heating/Cool None, Baseboard, Multi Zone, Hot Water
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