38 Quarry Hill Road South Burlington, Vermont 05403 MLS# 4619675

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Sold Status

$1,025,000 Sold Price

Multi Type

12 Beds

6 Baths

3,780 Sqft

Listed By Steve Lipkin of Coldwell Banker Hickok & Boardman - (802)846-9575
Sold By Steve Lipkin of Coldwell Banker Hickok and Boardman
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South Burlington

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38 Quarry Hill Road

Great cap rate on this 3-Unit building less than one mile from the UVM campus and hospital. Nice townhouse-style apartments with 4 bedrooms and 2 baths each. All with fully-equipped kitchens and private laundry. Separate utilities, plenty of parking plus central location with the bike path out the front door. Tenants share and enjoy an expansive, flat backyard with room for gardens. Property backs up to the UVM agricultural research center with views of grazing horses and the green mountains! Minutes to I-89, airport and downtown Burlington.

Property Location

38 Quarry Hill Road South Burlington

Property Details

Sold Price  $1,025,000 Sold Date  Jun 8th, 2017
MLS#  4619675 Bedrooms  12 Garage Size   Car
List Price  1,050,000 Total Bathrooms  6 Year Built  1983
Type  Multi-Family Lot Size  0.5100 Acres Taxes $9,356
Units  3 Stories  3 Road Frontage  160
Annual Income  $93,600 Style  Apartment Building, Multi-Family, Multi-Level Water Frontage  
Annual Expenses  $18,507 Finished  3,780 Sqft Construction  No, Existing
Zoning   R4 Above Grade  3,780 Sqft Seasonal  No
Total Rooms  12 Below Grade  0 Sqft List Date  Feb 27th, 2017
Gross Income  $93,600 Operating Expenses  $18,507 Net Income  $75,093
Expenses Includes 
Unit 1   4 Beds, 2 Baths, $2,600/Monthly Unit 2   4 Beds, 2 Baths, $2,600/Monthly
Unit 3   4 Beds, 2 Baths, $2,600/Monthly
ConstructionWood Frame
Basement
Interior Features
Exterior Features
Exterior  Cedar, Shake Disability Features  
Foundation  Slab - Concrete House Color  
Floors  Vinyl, Carpet, Laminate Building Certifications  
Roof  Shingle-Asphalt HERS Index  
DirectionsFrom Main Street near UVM, take Spear Street, left onto Quarry Hill Road, property on right.
Lot Description, Trail/Near Trail, Mountain View
Garage & Parking  No, , , 5-10 Spaces, Parking Spaces 5 - 10
Road Frontage  160 Water Access  
Driveway  Dirt Water Type  
Flood Zone  Unknown Water Body  
Zoning  R4
School District  NA Middle  Frederick H. Tuttle Middle Sch
Elementary   High  South Burlington High School
Heat Fuel  , Gas-Lp/Bottle, Electric Excluded  
Heating/Cool  None, Baseboard, Wall Units Negotiable  
Sewer  Public Parcel Access ROW  
Water  Public ROW for Other Parcel  
Water Heater  Electric Financing  
Cable Co   Documents  
Electric  Circuit Breaker Tax ID  600-188-14992
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