70-72 Cherry Street Burlington, Vermont 05402 MLS# 4615181

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Sold Status

$625,000 Sold Price

Multi Type

10 Beds

4 Baths

3,744 Sqft

Listed By Jeffrey Amato of Flat Fee Real Estate
Sold By
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Burlington

70-72 Cherry Street

Unique opportunity to purchase Triplex in excellent downtown Burlington location. Newly renovated two bedroom unit is located on the first floor with great finishes. Well maintained four bedroom units are both two-story with good size bedrooms, large living rooms and more. Building is fully sprinkled with 6 parking spaces. One block to Church Street, two blocks to waterfront, and ½ block to bus line. Excellent value and rents currently below market value all make this rare opportunity a must see!

Property Location

70-72 Cherry Street Burlington

Property Details

Sold Price  $625,000 Sold Date  Feb 13th, 2017
MLS#  4615181 Bedrooms  10 Garage Size   Car
List Price  624,000 Total Bathrooms  4 Year Built  1899
Type  Multi-Family Lot Size  0.0600 Acres Taxes $10,887
Units  3 Stories  1/2/1900 Road Frontage  
Annual Income  $69,600 Style  Apartment Building Water Frontage  
Annual Expenses  $25,713 Finished  3,744 Sqft Construction  No, Existing
Zoning   R1 Above Grade  3,744 Sqft Seasonal  No
Total Rooms  10 Below Grade  0 Sqft List Date  Jan 23rd, 2017
Gross Income  $69,600 Operating Expenses  $25,713 Net Income  $43,887
Expenses Includes 
Unit 1   2 Beds, 1 Baths, $1,200/Monthly Unit 2   4 Beds, 1 Baths, $2,500/Monthly
Unit 3   4 Beds, 2 Baths, $2,100/Monthly
ConstructionOther
BasementInterior, Storage Space, Interior Stairs, Unfinished, Concrete, Full
Interior Features
Exterior Features
Exterior  Wood Disability Features  
Foundation  Other House Color  Tan
Floors   Building Certifications  
Roof  Slate HERS Index  
DirectionsPearl St West, Left at Pine St, Building on right corner of Pine & Cherry.
Lot Description, City Lot, Porch - Covered
Garage & Parking  No, , , Off Site, 6+ Parking Spaces, Parking Spaces 6+
Road Frontage   Water Access  
Driveway  Paved, Common/Shared Water Type  
Flood Zone  No Water Body  
Zoning  R1
School District  Burlington School District Middle  
Elementary   High  
Heat Fuel   Excluded  
Heating/Cool  None, Baseboard, Hot Water, Hot Air Negotiable  
Sewer  Public Parcel Access ROW  
Water  Public ROW for Other Parcel  
Water Heater  Rented, Gas-Natural Financing  
Cable Co  Choice Documents  
Electric  Circuit Breaker Tax ID  114-035-14872
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† The remarks published on this webpage originate from Listed By Jeffrey Amato of Flat Fee 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.