33 & 37 Malletts Bay Avenue Winooski, Vermont 05404

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For Sale Status
$950,000 List Price
Multi Type
13 Beds
7 Baths
5,212 Sqft
Listed By Lipkin Audette Team of Coldwell Banker Hickok & Boardman

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Winooski Multi-Family Portfolio

Very strong cap rate! 2 multi-family building portfolio on adjacent lots. 7 units in 2 buildings a few blocks from downtown Winooski. Six easy to rent 2-bedroom units, plus one 1-bedroom apartment. Some off-street parking, plenty of on-street parking, plus small yard. Some units offer porches for tenants to enjoy. Separate utilities. Convenient location across the street from the bus stop and just minutes from restaurants, stores, and parks, plus easy access to I-89, colleges, and Burlington.

Property Location

Property Details

MLS#  4936656 Bedrooms  13 Garage Size   Car
List Price  950,000 Total Bathrooms  7 Year Built  1899
Type  Multi-Family Lot Size  0.3400 Acres Taxes $16,902
Units  7 Stories  2 Road Frontage  
Annual Income  $117,660 Style  Apartment Building, Multi-Family Water Frontage  
Annual Expenses  $0 Finished  5,212 Sqft Construction  No, Existing
Zoning   Res Above Grade  5,212 Sqft Seasonal  No
Total Rooms  13 Below Grade  0 Sqft List Date  Nov 10th, 2022
Gross Income  $117,660 Operating Expenses  $0 Net Income  $83,047
Expenses Includes 
Unit 1   2 Beds, 1 Baths, $1,440/Monthly Unit 2   2 Beds, 1 Baths, $1,450/Monthly
Unit 3   2 Beds, 1 Baths, $1,490/Monthly Unit 4   2 Beds, 1 Baths, $1,425/Monthly
Unit 5   2 Beds, 1 Baths, $0/Mo Unit 6   2 Beds, 1 Baths, $1,400/Monthly
Unit 7   1 Beds, 1 Baths, $0/Mo
ConstructionWood Frame
BasementWalkout, Unfinished, Interior Stairs, Finished, Walkout
Interior Features
Exterior Features
Exterior  Other, Vinyl Siding Disability Features  
Foundation  Stone House Color  Gray
Floors   Building Certifications  
Roof  Membrane, Shingle HERS Index  
DirectionsFrom Winooski roundabout, take West Center Street to Malletts Bay Ave. Buildings on right.
Lot Description, Sloping, City Lot
Garage & Parking  No, ,
Road Frontage   Water Access  
Driveway  Paved Water Type  
Flood Zone  Unknown Water Body  
Zoning  Res
School District  NA Middle  
Elementary   High  
Heat Fuel   Excluded  
Heating/Cool  None, Baseboard, Space Heater, Hot Water Negotiable  
Sewer  Public Parcel Access ROW  
Water  Public ROW for Other Parcel  
Water Heater  Tank Financing  
Cable Co   Documents  
Electric  Circuit Breaker Tax ID  77424610900 & 77424610901