Back to Search ResultsUnder Contract Status
$2,450,000 List Price
Multi Type
0 Beds
0 Baths
9,280 Sqft
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Burlington
Attention investors! Don't miss out on this rare opportunity to own a meticulously maintained 10-unit apartment building in the heart of downtown Burlington. The apartments are thoughtfully designed, offering ample space, high ceilings, and large windows that allow for abundant natural light. Many units boast hardwood floors, new appliances, natural or painted wood cabinetry, tile showers, and updated carpet or vinyl flooring. The property has undergone significant capital improvements, including a new slate and copper roof, all new boilers, owned hot water heaters (3 new), and a coin-operated laundry room with 2 new washers and 2 new dryers. The property is fully leased, and in compliance with Minimum Housing Standards through 2026. Please note that parking is not available on the premises; on-street parking only. Interior photos were taken during vacancies. Agent is related to the seller. †
Property Location
Property Details
| Contract Date May 26th, 2023 | ||
|---|---|---|
| MLS# 4952616 | Bedrooms 0 | Garage Size Car |
| List Price 2,450,000 | Total Bathrooms 0 | Year Built 1899 |
| Type Multi-Family | Lot Size 0.1000 Acres | Taxes $33,899 |
| Units 10 | Stories 3 | Road Frontage |
| Annual Income $204,156 | Style Apartment Building, Multi-Family | Water Frontage |
| Annual Expenses $0 | Finished 9,280 Sqft | Construction No, Existing |
| Zoning Residential - HD | Above Grade 9,280 Sqft | Seasonal No |
| Total Rooms 0 | Below Grade 0 Sqft | List Date May 15th, 2023 |
| Gross Income $204,156 | Operating Expenses $0 | Net Income $149,509 |
|---|
| Expenses Includes |
|---|
| ConstructionWood Frame |
|---|
| BasementInterior, Unfinished, Full |
| Interior Features |
| Exterior Features |
| Exterior Vinyl | Disability Features |
|---|---|
| Foundation Brick, Stone | House Color White |
| Floors Vinyl, Carpet, Tile, Laminate, Hardwood | Building Certifications |
| Roof Slate | HERS Index |
| Directions |
|---|
| Lot Description, City Lot, Near Bus/Shuttle |
| Garage & Parking No, , , On Street, None |
| Road Frontage | Water Access |
|---|---|
| Driveway None | Water Type |
| Flood Zone Unknown | Water Body |
| Zoning Residential - HD |
| School District Burlington School District | Middle |
|---|---|
| Elementary | High |
| Heat Fuel | Excluded |
|---|---|
| Heating/Cool None, Radiators, Hot Water | Negotiable |
| Sewer Public | Parcel Access ROW |
| Water Public | ROW for Other Parcel |
| Water Heater Separate, Owned, Gas-Natural | Financing |
| Cable Co | Documents Other, Deed, Tax Map |
| Electric Circuit Breaker | Tax ID 114-035-15442 |
† The remarks published on this webpage originate from Listed By Jessica Laffal of Element Real Estate via the NNEREN IDX Program and do not represent the views and opinions of Coldwell Banker Hickok & Boardman. Coldwell Banker Hickok & Boardman Realty cannot be held responsible for possible violations of copyright resulting from the posting of any data from the NNEREN IDX Program.
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Copyright 2023 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this site comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 06-06-2023.
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