89 North Prospect Street Burlington, Vermont 05401 MLS# 4618011

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Sold Status

$1,150,000 Sold Price

Multi Type

8 Beds

0 Baths

8,023 Sqft

Listed By Steve Donahue of Donahue & Associates, LLC
Sold By Steve Lipkin of Coldwell Banker Hickok and Boardman
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89 North Prospect Street

Excellent investment opportunity in one of Burlington’s most desirable areas for both owning a home and renting an apartment. This historic home has been developed into a 10 unit apartment property featuring bright and clean living spaces, on site parking, and the convenience of being a short walk to University of Vermont, UVM Medical Center, and downtown Burlington. With all 1-2 bedroom units this property is desired by graduate students, undergraduate students, and professionals. The property offers strong tenant history with consistent rental income. †

Property Location

89 North Prospect Street Burlington

Property Details

Sold Price  $1,150,000 Sold Date  Oct 12th, 2017
MLS#  4618011 Bedrooms  8 Garage Size   Car
List Price  1,350,000 Total Bathrooms  0 Year Built  1900
Type  Multi-Family Lot Size  0.3000 Acres Taxes $24,989
Units  10 Stories  3 Road Frontage  
Annual Income  $0 Style  Apartment Building, Historic Vintage, Multi-Family, Multi-Level Water Frontage  
Annual Expenses  $55,467 Finished  8,023 Sqft Construction  No, Existing
Zoning   Residential Above Grade  8,022 Sqft Seasonal  No
Total Rooms  8 Below Grade  1 Sqft List Date  Feb 15th, 2017
Gross Income  $0 Operating Expenses  $55,467 Net Income  $59,433
Expenses Includes 
Unit 1   1 Beds, Baths, $1,150/Monthly Unit 2   2 Beds, Baths, $1,300/Monthly
Unit 3   1 Beds, Baths, $875/Monthly Unit 4   1 Beds, Baths, $925/Monthly
Unit 5   1 Beds, Baths, $950/Monthly Unit 6   Beds, Baths, $775/Monthly
Unit 7   1 Beds, Baths, $875/Monthly Unit 8   1 Beds, Baths, $950/Monthly
ConstructionWood Frame
BasementInterior, Concrete Floor
Interior Features
Exterior Features
Exterior  Shingle, Clapboard Disability Features  
Foundation  Stone House Color  
Floors   Building Certifications  
Roof  Shingle HERS Index  
Directions
Lot DescriptionNo, Corner
Garage & Parking  No, ,
Road Frontage   Water Access  
Driveway  Paved, Common/Shared Water Type  
Flood Zone  No Water Body  
Zoning  Residential
School District  NA Middle  
Elementary   High  
Heat Fuel   Excluded  
Heating/Cool  None, Gas Heater Negotiable  
Sewer  Public Parcel Access ROW  
Water  Public ROW for Other Parcel  
Water Heater  Owned Financing  
Cable Co   Documents  
Electric  On-Site Tax ID  114-035-16340
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† The remarks published on this webpage originate from Listed By Steve Donahue of Donahue & Associates, LLC 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.