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Location, location, location!! Excellent investment opportunity to own 16 CONDOS in one of Burlington’s most desirable areas. Tenants' love the convenience of being in eyesight of Pearl Street, a short walk to Church Street, waterfront, University and Medical Center. This low maintenance complex features 16 one bedroom apartments with hardwood flooring/tile in each unit, ample off street-parking, coin-op laundry room and potential for basement storage all on site. Property is condominiumized providing potential Buyer(s) with flexibility to sell units individually in the future. Easy to rent, manage and maintain. Properties like this one rarely come available. †
Property Location
61 Elmwood Avenue Burlington
Property Details
Sold Price $2,187,500
Sold Date Sep 16th, 2021
MLS# 4794433
Bedrooms 8
Garage Size Car
List Price 2,225,000
Total Bathrooms 8
Year Built 1920
Type Multi-Family
Lot Size 0.3000 Acres
Taxes $34,397
Units 16
Stories 2
Road Frontage 75
Annual Income $174,200
Style Colonial, Multi-Family
Water Frontage
Annual Expenses $0
Finished 7,296 Sqft
Construction No, Existing
Zoning Residential-High Density
Above Grade 7,296 Sqft
Seasonal No
Total Rooms 8
Below Grade 0 Sqft
List Date Feb 18th, 2020
Gross Income $174,200
Operating Expenses $0
Net Income $110,669
Expenses Includes
Unit 1 1 Beds, 1 Baths, 672 SqFt, $910/Monthly
Unit 2 1 Beds, 1 Baths, 672 SqFt, $950/Monthly
Unit 3 1 Beds, 1 Baths, 672 SqFt, $945/Monthly
Unit 4 1 Beds, 1 Baths, 672 SqFt, $950/Monthly
Unit 5 1 Beds, 1 Baths, 384 SqFt, $850/Monthly
Unit 6 1 Beds, 1 Baths, 384 SqFt, $830/Monthly
Unit 7 1 Beds, 1 Baths, 384 SqFt, $850/Monthly
Unit 8 1 Beds, 1 Baths, 384 SqFt, $850/Monthly
ConstructionWood Frame
BasementWalk-up, Exterior Access
Interior Features
Exterior Features
Exterior Brick, Vinyl Siding, Wood Siding
Disability Features
Foundation Stone
House Color White
Floors Tile, Hardwood
Building Certifications
Roof Standing Seam, Membrane
HERS Index
DirectionsPearl Street, right onto Elmwood Ave, building is on the left.
Lot Description, City Lot
Garage & Parking No, , , Off Street
Road Frontage 75
Water Access
Driveway Paved
Water Type
Flood Zone Unknown
Water Body
Zoning Residential-High Density
School District NA
Middle
Elementary
High
Heat Fuel , Gas-Natural
Excluded
Heating/Cool None, Baseboard, Electric, Gas Heater
Negotiable
Sewer Public
Parcel Access ROW
Water Public
ROW for Other Parcel
Water Heater Owned
Financing
Cable Co
Documents Deed
Electric Circuit Breaker
Tax ID 000-000-00000
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† The remarks published on this webpage originate from Listed By Kara Koptiuch of Vermont Real Estate Company 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.