60 Clarke Street Burlington, Vermont 05401 MLS# 4952616

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Sold Status

$2,200,000 Sold Price

Multi Type

0 Beds

0 Baths

9,280 Sqft

Listed By Jessica Laffal of Element Real Estate
Sold By Coldwell Banker Carlson Real Estate
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60 Clarke Street

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

60 Clarke Street Burlington

Property Details

Sold Price  $2,200,000 Sold Date  Jul 21st, 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
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† 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.