62-68 Orchard Terrace Burlington, Vermont 05401 MLS# 4410879

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Sold Status

$1,550,000 Sold Price

Multi Type

16 Beds

12 Baths

2,084 Sqft

Listed By Nancy Jenkins of Nancy Jenkins Real Estate
Sold By Lake Homes Realty, LLC
✉ 🖶

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62-68 Orchard Terrace

Located just steps away from City Market and the Church Street Marketplace this 4 unit condominium is available now. Excellent location and rental income in the residential high density zone. Units could be converted to owner occupied for resale. Strong rental history, excellent opportunity for investors. Each unit features 4 bedrooms, 2.5 baths, attached 2 car garage and great deck off the back. †

Property Location

62-68 Orchard Terrace Burlington

Property Details

Sold Price  $1,550,000 Sold Date  Jun 19th, 2015
MLS#  4410879 Bedrooms  16 Garage Size  8 Car
List Price  1,550,000 Total Bathrooms  12 Year Built  1990
Type  Multi-Family Lot Size  0.2300 Acres Taxes $8,723
Units  4 Stories  3 Road Frontage  116
Annual Income  $0 Style  Town House Water Frontage  
Annual Expenses  $44,145 Finished  2,084 Sqft Construction  No, Existing
Zoning   Res Above Grade  1,684 Sqft Seasonal  No
Total Rooms  16 Below Grade  400 Sqft List Date  Mar 31st, 2015
Gross Income  $0 Operating Expenses  $44,145 Net Income  $151,800
Expenses Includes 
Unit 1   4 Beds, 3 Baths, 2,084 SqFt, $3,275/Mo Unit 2   4 Beds, 3 Baths, 2,084 SqFt, $2,900/Mo
Unit 3   4 Beds, 3 Baths, 2,084 SqFt, $3,175/Mo Unit 4   4 Beds, 3 Baths, 2,084 SqFt, $3,000/Mo
ConstructionWood Frame
BasementInterior Stairs, Partially Finished
Interior Features
Exterior Features
Exterior  Clapboard Disability Features  1st Floor 1/2 Bathrm
Foundation  Concrete House Color  Beige
Floors  Other Building Certifications  
Roof  Shingle-Asphalt HERS Index  
DirectionsFrom main street turn onto right South Winooski Ave. Turn right onto Buell Street and right onto Orchard Terrace. Units are on the left.
Lot DescriptionCity Lot
Garage & Parking  Yes, Assigned, Direct Entry, Attached, Garage, 1-10 Spaces, Assigned, Paved
Road Frontage  116 Water Access  
Driveway  Paved Water Type  
Flood Zone  No Water Body  
Zoning  Res
School District  Burlington School District Middle  Edmunds Middle School
Elementary  Edmunds Elementary School High  Burlington High School
Heat Fuel  Gas-Natural Excluded  
Heating/Cool  Baseboard, Hot Water Negotiable  
Sewer  Public Parcel Access ROW  
Water  Public ROW for Other Parcel  
Water Heater  Gas-Natural, Rented Financing  Cash Only
Cable Co  Tenant Documents  Deed, Plot Plan
Electric  200 Amp Tax ID  114-035-15514
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† The remarks published on this webpage originate from Listed By Nancy Jenkins of Nancy Jenkins 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.