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Listed by Mikail Stein • RE/MAX North Professionals
$2,000,000
Est. payment /mo
16 Beds
4 Baths
4,289 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,289 sqft
Price per Sqft $466
MLS Listing ID 5095783
Bedrooms 16
Full Baths 4
Construction Status Existing
Year Built 1899
Annual Tax Amount $34,175
Tax Year 2026
Lot Size 0.390 Acres
Acres 0.39
Property Description
A fantastic investment opportunity awaits within the walls of this well maintained and beautifully located four unit property. 16 Total bedrooms with a history of being rented for $1,100 per bedroom and coin operated washers and dryers bringing in a gross income of over $213,000 annually. Due to it's nice condition, the property is easily maintained with minimal regular maintenance required netting an annual return of roughly $162,000 or a 8.10% CAP rate, above the market average. Several of the units have been updated and the property features porches and decks, hardwood floors, desirable floorplans, newer mechanicals, and more! Recent improvements such as: siding, windows, appliances, interior remodeling, and, roof work. This is an ideal rental for all with an incredible commute. Roughly half a mile to Burlington's Church Street and the same distance to UVM's main Campus, and not much further from UVM Medical. Built on 0.39 acres the lot has ample parking space and for your future vision.
Location
State VT
County Vt-chittenden
Area Vt-Chittenden
Zoning rez
Rooms
Basement Entrance Walk-up
Basement Unfinished
Interior
Cooling None
Flooring Carpet, Laminate, Vinyl, Wood
Exterior
Garage Spaces 2.0
Utilities Available Other
Roof Type Shingle,Slate
Building
Story 2
Sewer Public
Architectural Style Multi-Family
Construction Status Existing
Schools
High Schools Burlington High School
School District Burlington School District
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NEARBY SCHOOL & BUSINESS
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