81-83 Walnut Street Burlington, Vermont 05401

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For Sale Status
$375,000 List Price
Multi Type
3 Beds
2 Baths
1,275 Sqft
Listed By Geri Reilly of Geri Reilly Real Estate

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Roosevelt Park Roosevelt Park
Roosevelt Park Roosevelt Park
Burlington Waterfront & Boathouse Burlington Waterfront & Boathouse
Church Street Marketplace Church Street Marketplace

Looking for your next investment opportunity? This duplex in Burlington's Old North End is the one for you! Across from Roosevelt Park and a short distance to the bike path and various restaurants (May Day, Taco Gordo, Café Mamajuana) in the area make this a great location. In the back you will find an abundance of parking, a small yard, and a detached 2 car garage made into two separate rental storage spaces with additional income of $220 monthly. The first floor unit has two bedrooms, full bathroom, kitchen/dining room and living room. This unit also has access from inside to the basement that provides a lot of storage. Upstairs is the one-bedroom unit with full bathroom/laundry area, bedroom and kitchen/living area. Each level has its own porch/deck giving each unit a great outdoor space. Improvements have been made over the years making the property more energy efficient. The low maintenance at this property makes it the perfect property for an investor just starting out or someone looking to add to their portfolio. both units are leased until 6/1/23, perfect owner occupied in either unit, once lease is up.

Property Location

Property Details

MLS#  4933076 Bedrooms  3 Garage Size  2 Car
List Price  375,000 Total Bathrooms  2 Year Built  1899
Type  Multi-Family Lot Size  0.1300 Acres Taxes $8,193
Units  2 Stories  2 Road Frontage  33
Annual Income  $36,360 Style  Duplex, Multi-Family Water Frontage  
Annual Expenses  $0 Finished  1,275 Sqft Construction  No, Existing
Zoning   Residential Med. Density Above Grade  1,275 Sqft Seasonal  No
Total Rooms  3 Below Grade  0 Sqft List Date  Oct 10th, 2022
Gross Income  $36,360 Operating Expenses  $0 Net Income  $23,443
Expenses Includes 
Unit 1   2 Beds, 1 Baths, 795 SqFt, $1,560/Monthly Unit 2   1 Beds, 1 Baths, 480 SqFt, $1,250/Monthly
ConstructionWood Frame
BasementInterior, Unfinished, Interior Stairs, Exterior Stairs, Interior Access, Exterior Access, Stairs - Basement
Interior Features
Exterior Features
Exterior  Aluminum, Wood Disability Features  
Foundation  Stone, Concrete House Color  White
Floors  Laminate, Carpet Building Certifications  
Roof  Shingle-Asphalt, Membrane HERS Index  
DirectionsGoing West on Main St take a right onto South Prospect St. Continue onto North Prospect St. Turn left on Riverside Avenue. Take left on Walnut St. House on right.
Lot Description, Level, City Lot
Garage & Parking  Yes, Assigned, Direct Entry, Leased, , On Site
Road Frontage  33 Water Access  
Driveway  Common/Shared Water Type  
Flood Zone  No Water Body  
Zoning  Residential Med. Density
School District  NA Middle  Edmunds Middle School
Elementary  Choice High  Burlington High School
Heat Fuel   Excluded  
Heating/Cool  None, Baseboard, Hot Water, Monitor Type Negotiable  
Sewer  Public Parcel Access ROW  
Water  Public ROW for Other Parcel  
Water Heater  Owned, Gas-Natural Financing  
Cable Co  Comcast/Burl. Telecom Documents  Property Disclosure, Deed, Tax Map
Electric  Circuit Breaker Tax ID  114-035-13909

† The remarks published on this webpage originate from Listed By Geri Reilly of Geri Reilly 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.