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72-78 Lafountain Street Burlington, Vermont 05401

$899,000 Price
Multi Type
7 Beds
6 Baths
3,974 Sqft

Listed By Lipkin Audette Team of Coldwell Banker Hickok & Boardman Realty

Previous photosNext photos
72-78 Lafountain72-78 Lafountain
Landmark Apartment BuildingLandmark Apartment Building
Front Porch LoungingFront Porch Lounging
Updated KitchensUpdated Kitchens
Abundant Cabinet SpaceAbundant Cabinet Space
Stainless AppliancesStainless Appliances
Beautiful Tin CeilingBeautiful Tin Ceiling
Unit 76Unit 76
Bright KitchenBright Kitchen
Lots of LightLots of Light
Living RoomLiving Room
Convenient Built-insConvenient Built-ins
Hardwood FloorsHardwood Floors
Another Welcoming UnitAnother Welcoming Unit
Beautiful TubBeautiful Tub
Well Maintained UnitsWell Maintained Units
A Comfortable SpaceA Comfortable Space
Living RoomLiving Room
Another Bright UnitAnother Bright Unit
Hello Kitty Cat!Hello Kitty Cat!
Updated BathroomsUpdated Bathrooms
On-site LaundryOn-site Laundry
Historic Classic BuildingHistoric Classic Building
Wind ChimesWind Chimes
Classic Board and BattenClassic Board and Batten
Driveway and Unit 72Driveway and Unit 72
Unit 78Unit 78

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Property Location

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Call: (802)879-8790 Option 1 x2052
NMLS# 446767

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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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Updated 6 Unit Multi-Family

8% Cap Rate on Turn Key Investment Property! Impressive Burlington Multi Family features six updated units with classic finishes. These desirable apartments combine the convenience of modern appliances, granite counters, and a premier location with the beauty of tin ceilings, hardwood floors, and an ornate board and batten exterior. Configured into two studios, three 1 Bedroom units, and one 2 bedroom unit, tenants appreciate the covered porches, abundant off-street parking, on-site laundry, and available storage. Blocks from downtown and waterfront with easy access to universities/hospital, check out this investment today!


MLS#  4735614Bedrooms  7Garage Size   Car
List Price  899,000Total Bathrooms  6Year Built  1899
Type  Multi-FamilyLot Size  0.2900 AcresTaxes $13,060
Units  6Stories  2Road Frontage  85
Annual Income  $92,256Style  Apartment BuildingWater Frontage  
Annual Expenses  $24,800Finished  3,974 SqftConstruction  No, Existing
Zoning   RMAbove Grade  3,974 SqftSeasonal  No
Total Rooms  Below Grade  0 SqftList Date  Feb 7th, 2019


Total Expenses  $24,800Insurance  $2,500
Water & Sewer  $1,680Taxes  $13,060
Trash  $900Miscellaneous  $660
Maintenance  $2,000 Association Dues  $0
Rent Includes 

Unit Size & Rent

Unit 1   1 Beds, 1 Baths, $1,385/Monthly Unit 2   2 Beds, 1 Baths, $1,600/Monthly
Unit 3   1 Beds, 1 Baths, $925/Monthly Unit 4   1 Beds, 1 Baths, $1,345/Monthly
Unit 5   1 Beds, 1 Baths, $950/Monthly Unit 6   1 Beds, 1 Baths, $1,350/Monthly


ConstructionWood Frame
BasementInterior, Unfinished
Interior Features
Exterior Features
Exterior  Board and BattenDisability Features  
Foundation  StoneHouse Color  Blue
Floors  Vinyl, Softwood, HardwoodBuilding Certifications  
Roof  Slate HERS Index  


Lot Description, City Lot
Garage & Parking  No, , , 6+ Parking Spaces, Off Street
Road Frontage  85Water Access  
Driveway  Paved, GravelWater Type  
Flood Zone  UnknownWater Body  
Zoning  RM


School District  NAMiddle  
Elementary  High  

Utilities & Other

Heat Fuel  Excluded  
Heating/Cool  None, Direct Vent, Wall UnitsNegotiable  
Sewer  PublicParcel Access ROW  
Water  Public ROW for Other Parcel  
Water Heater  Electric, GasFinancing  
Cable Co  Documents  
Electric  Circuit BreakerTax ID  114-035-14676
DirectionsFrom North Street head north on Lafountain. Property on Right.