72-78 Lafountain Street Burlington, Vermont 05401

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For Sale Status
$950,000 List Price
Multi Type
7 Beds
6 Baths
3,974 Sqft
Listed By Jessica Bridge of Element Real Estate

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NMLS# 446767

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Attention Investors: This well-maintained 6-unit property in a prime Old North End location is worth a look! This building has had a ton of upgrades, including kitchen updates with granite countertops, gas ranges, and stainless appliances. The exterior was fully repainted in 2017, and the slate roof has been regularly maintained. These bright units feature tin ceilings, wood and tile floors, and well-preserved historic character, plus each unit has access to a covered porch or balcony. Added bonuses such as plenty of off-street parking, and coin-op laundry in the basement make these highly desirable rentals. This location is minutes from Downtown Burlington & Winooski as well as the colleges and hospital. The great location & unique character along with a strong rental history and financials make this an excellent investment opportunity.

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Property Location

Property Details

MLS#  4882888 Bedrooms  7 Garage Size   Car
List Price  950,000 Total Bathrooms  6 Year Built  1899
Type  Multi-Family Lot Size  0.2900 Acres Taxes $15,753
Units  6 Stories  2 Road Frontage  85
Annual Income  $100,440 Style  Historic Vintage, Multi-Family Water Frontage  
Annual Expenses  $0 Finished  3,974 Sqft Construction  No, Existing
Zoning   Residential - Med Density Above Grade  3,974 Sqft Seasonal  No
Total Rooms  7 Below Grade  0 Sqft List Date  Sep 16th, 2021
Gross Income  $100,440 Operating Expenses  $0 Net Income  $68,666
Expenses Includes 
Unit 1   1 Beds, 1 Baths, $1,550/Monthly Unit 2   2 Beds, 1 Baths, $1,625/Monthly
Unit 3   1 Beds, 1 Baths, $1,043/Monthly Unit 4   1 Beds, 1 Baths, $1,372/Monthly
Unit 5   1 Beds, 1 Baths, $1,200/Monthly Unit 6   1 Beds, 1 Baths, $1,430/Monthly
ConstructionWood Frame
BasementWalk-up, Unfinished, Dirt Floor, Unfinished
Interior Features
Exterior Features
Exterior  Board and Batten Disability Features  
Foundation  Stone House Color  Blue
Floors  Bamboo, Tile, Wood Building Certifications  
Roof  Slate HERS Index  
Lot Description, City Lot, Curbing, Sidewalks, Street Lights, Near Bus/Shuttle
Garage & Parking  No, , , Off Street, 6+ Parking Spaces
Road Frontage  85 Water Access  
Driveway  Gravel Water Type  
Flood Zone  Unknown Water Body  
Zoning  Residential - Med Density
School District  Burlington School District Middle  
Elementary   High  
Heat Fuel   Excluded  
Heating/Cool  None, Direct Vent Negotiable  
Sewer  Public Parcel Access ROW  
Water  Public ROW for Other Parcel  
Water Heater  Gas Financing  
Cable Co   Documents  Property Disclosure, Lease Agreements, Deed
Electric  Circuit Breaker Tax ID  114-035-14676

† The remarks published on this webpage originate from Listed By Jessica Bridge of Element 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.