Sold Status
$640,000 Sold Price
Multi Type
6 Beds
2 Baths
2,080 Sqft
Sold By Lipkin Audette Team of Coldwell Banker Hickok and Boardman
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Burlington
PRICE REDUCED Now at 8% Projected Cap Rate! Amazing opportunity for investors to own this Burlington Duplex which is fully rented through May 2023 and offers a 7.1% cap rate at current rents. Two 3-bedroom/1-bathroom units with separate utilities, separate off-street parking, a shared backyard, and in-unit laundry make this easy to rent out. There is a 550-square-foot 2-story storage shed that is in excellent condition and is currently rented out for $200/month. The large backyard has a grill and picnic area and gardening space that tenants love. There are also two separate parking areas for each unit. The main house roof (EPDM) was replaced in 2009 and the shed roof was new in 2014. New fixtures, flooring, and appliances were installed throughout both units in 2018-2019. New in 2021 Bosch Greenstar boiler heating system for the upstairs unit. Natural light, lots of windows, and great layouts with extra living space make this an easy rental to great tenants †
Property Location
Property Details
Sold Price $640,000 | Sold Date Mar 15th, 2023 | |
---|---|---|
MLS# 4934274 | Bedrooms 6 | Garage Size 1 Car |
List Price 669,000 | Total Bathrooms 2 | Year Built 1899 |
Type Multi-Family | Lot Size 0.1400 Acres | Taxes $7,703 |
Units 2 | Stories 2 | Road Frontage 60 |
Annual Income $58,200 | Style Victorian | Water Frontage |
Annual Expenses $0 | Finished 2,080 Sqft | Construction No, Existing |
Zoning Residential | Above Grade 2,080 Sqft | Seasonal No |
Total Rooms 6 | Below Grade 0 Sqft | List Date Oct 19th, 2022 |