68 Walnut Street Burlington, Vermont 05401

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For Sale Status
$1,150,000 List Price
Multi Type
11 Beds
6 Baths
4,333 Sqft
Listed By Mikail Stein of RE/MAX North Professionals

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NMLS# 49592

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Situated on Lake Champlain with views of the Adirondack Mountains, Burlington VT offers a wealth of cultural activities, lovely Victorian architecture, and a well educated, vibrant community. Here life takes place on a human scale. Most...

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This is a unique opportunity to own two buildings on one parcel that have both been beautifully updated. One building is a fantastic duplex zoned for 8 bedrooms but currently operating as two 3 bedroom apartments. The second building is an updated four-plex with four 1 bedroom apartments. A projected CAP rate of 6.81% indicates a strong investment within walking distance of Church Street, and across the street from Roosevelt Park in the ever growing O.N.E. This property is also being sold as part of a portfolio with another multi-family. See MLS #'s: 4853254.

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Property Details

MLS#  4853256 Bedrooms  11 Garage Size   Car
List Price  1,150,000 Total Bathrooms  6 Year Built  1899
Type  Multi-Family Lot Size  0.1800 Acres Taxes $20,302
Units  6 Stories  2 Road Frontage  
Annual Income  $110,400 Style  Apartment Building, Multi-Family Water Frontage  
Annual Expenses  $0 Finished  4,333 Sqft Construction  No, Existing
Zoning   Res Above Grade  4,333 Sqft Seasonal  No
Total Rooms  11 Below Grade  0 Sqft List Date  Mar 31st, 2021
Gross Income  $110,400 Operating Expenses  $0 Net Income  $78,314
Expenses Includes 
Unit 1   3 Beds, 1 Baths, 1,225 SqFt, $1,600/Monthly Unit 2   4 Beds, 1 Baths, 1,000 SqFt, $1,600/Monthly
Unit 3   1 Beds, 1 Baths, 527 SqFt, $900/Monthly Unit 4   1 Beds, 1 Baths, 527 SqFt, $850/Monthly
Unit 5   1 Beds, 1 Baths, 527 SqFt, $950/Monthly Unit 6   1 Beds, 1 Baths, 527 SqFt, $850/Monthly
BasementWalkout, Walkout
Interior Features
Exterior Features
Exterior  Vinyl, Brick Disability Features  
Foundation  Other, Other House Color  
Floors  Laminate, Carpet Building Certifications  
Roof  Slate, Membrane HERS Index  
Directions68-70 Walnut Street and 1,3,5,7 Willow Street (address for property - 2 streets).
Lot DescriptionUnknown, Level, City Lot, Sidewalks
Garage & Parking  No, , , Off Street, 6+ Parking Spaces
Road Frontage   Water Access  
Driveway  Concrete Water Type  
Flood Zone  Unknown Water Body  
Zoning  Res
School District  NA Middle  
Elementary   High  
Heat Fuel   Excluded  
Heating/Cool  None, Baseboard, Hot Water, Hot Air, Monitor Type Negotiable  
Sewer  Public Parcel Access ROW  
Water  Public ROW for Other Parcel  
Water Heater  Owned Financing  
Cable Co   Documents  Property Disclosure, Other, Deed
Electric  Circuit Breaker Tax ID  114-035-13917

† The remarks published on this webpage originate from Listed By Mikail Stein of RE/MAX North Professionals 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.