55 Monroe Street Burlington, Vermont 05401 MLS# 5001338

Return to your Search ResultsBack to Search Results Next PropertyView the next property

For Sale Status

$875,000 List Price

Multi Type

8 Beds

3 Baths

2,432 Sqft

Listed By John Black of Coldwell Banker Hickok & Boardman - (802)585-5347
🖶

What's Your Home Worth

Mortgage Provider

Contact a local mortgage provider today to get pre-approved.

Call: (802)879-8790 Option 1 x2052
NMLS# 446767

Get Pre-Approved »

Mortgage Calculator

$

$ Taxes

$ Principal & Interest

$

This calculation is based on a rough estimate. Every person's situation is different. Be sure to consult with a mortgage advisor on your specific needs.

Burlington

55 Monroe Street
55 Monroe Street
55 Monroe Street
55 Monroe Street
55 Monroe Street
55 Monroe Street
55 Monroe Street
55 Monroe Street
55 Monroe Street
55 Monroe Street
55 Monroe Street
55 Monroe Street
55 Monroe Street
55 Monroe Street
55 Monroe Street
55 Monroe Street
55 Monroe Street
55 Monroe Street
55 Monroe Street
55 Monroe Street
55 Monroe Street
55 Monroe Street
55 Monroe Street
55 Monroe Street
55 Monroe Street
55 Monroe Street
55 Monroe Street
55 Monroe Street

Multi-Family Opportunity

Unlock the potential of this multi-family property tucked away in a premier location but just minutes from Church Street. This well-maintained property features a first-floor 3-bedroom unit, second-floor 3-bedroom unit, and a 2-bedroom townhouse-style unit. Each unit is separately metered for utilities and has ample living space and additional storage in the garage providing comfort and ease for residents. Enjoy a spacious fenced-in backyard and plenty of off-street parking. Leases are all signed and will be on a month to month basis starting the end of July! New boilers installed in units 1 and 3. This opportunity affords new owners to quickly reach market rents in this competitive market. Don't miss out on your opportunity to own a prime piece of real estate in The Queen City!

• First-floor 3-bedroom unit
• Second-floor 3-bedroom unit
• Townhouse-style 2-bedroom unit
• Spacious shared backyard
• Off-street parking
• 2-car garage

Cooperation Fee - 3%

The Seller(s) of this property has authorized the Listing Agency/Agent to offer a Cooperation Fee or Seller Concession toward Buyers’ closing costs in the amount of 3% with accepted terms of an offer. This fee must be agreed to in writing within the terms of the Purchase & Sale Contract or in a fully executed Commission Allocation Agreement or Cooperation Agreement between the brokerage firms; and will be paid at closing.

Property Location

55 Monroe Street Burlington

Property Details

List Price  875,000 Bedrooms  8 Garage Size  2 Car
Cooperation Fee  3% Total Bathrooms  3 Year Built  1960
MLS#  5001338 Lot Size  0.17 Acres Taxes $12,827
Type  Multi-Family Days on Market  27 Days Tax Year 2023
Units  3 Stories  2 Road Frontage  
Annual Income  $66,420 Style   Water Frontage  
Annual Expenses  $0 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  Jun 19th, 2024
Gross Income  $66,420 Operating Expenses  $0 Net Income  $0
Expenses Includes 
Unit 1   3 Beds, 1 Baths, $1,985/Monthly Unit 2   2 Beds, 1 Baths, $1,650/Monthly
Unit 3   3 Beds, 1 Baths, $1,900/Monthly
Construction
BasementInterior, Unfinished, Unfinished
Interior Features
Exterior Features
Exterior   Disability Features  
Foundation  Fieldstone House Color  Red
Floors  Vinyl, Carpet, Hardwood Building Certifications  
Roof  Shingle-Asphalt, Membrane HERS Index  
Directions
Lot DescriptionNo
Garage & Parking  Yes, Driveway
Road Frontage   Water Access  
Driveway  Paved Water Type  
Flood Zone  No Water Body  
Zoning  Residential
School District  Burlington School District Middle  Edmunds Middle School
Elementary  Assigned High  Burlington High School
Heat Fuel   Excluded  
Heating/Cool  None, Baseboard Negotiable  
Sewer  Public Parcel Access ROW  No
Water   ROW for Other Parcel  No
Water Heater   Financing  
Cable Co   Documents  
Electric  Circuit Breaker Tax ID  114-035-14933
Loading

✱ If you engage a brokerage firm to represent you in a real estate transaction, you are responsible for compensating the firm according to the terms of your brokerage service agreement. Compensation to be paid under a brokerage service agreement is solely and entirely a matter of negotiation between an agent and client and is in no way controlled, fixed, or pre-established. Historically, cooperation fees were published in the Multiple Listing Service (MLS) for each Listing. Recent changes to the rules, prohibit the publication of these fees in the MLS but allow the display on a brokerage's website for their Clients' listings.