Bought with Mark Montross • Catamount Realty Group
$639,900
$639,900
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7 Beds
3 Baths
2,591 SqFt
SOLD DATE : 06/28/2024
Key Details
Sold Price $639,900
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,591 sqft
Price per Sqft $246
MLS Listing ID 5003142
Sold Date 06/28/24
Bedrooms 7
Full Baths 3
Construction Status Existing
Year Built 1899
Annual Tax Amount $11,741
Tax Year 2023
Lot Size 3,920 Sqft
Acres 0.09
Property Description
Well maintained 3 unit investment property situated in the heart of Burlington's North End! Within walking distance to all of this areas amazing amenities including local schools, restaurants, church street shopping, the waterfront, nearby trails, recreation and more! Meticulously maintained by the current owner for 23 years with solid rental history and fully occupied with long standing tenants (mostly month to month), this makes the ideal property for any investor looking to add stable rental income to their growing portfolio. The first and second floor units are nicely appointed each featuring 3 bedrooms and a full bath spread out over nearly 950 sqft while the third floor 1 bedroom, 1 bath unit affords over 700 sqft of recently updated living space including all new LVP flooring and fresh paint throughout! Each apartment features a private covered porch at the front and backs of the building with direct access to the partially fenced backyard. 3+ off street parking spots, separate meters for all utilities (including water/sewer if desired), a prime location and an excellent cap rate make this a great opportunity. Take advantage of this outstanding investment opportunity with plenty of room for increased future potential!
Location
State VT
County Vt-chittenden
Area Vt-Chittenden
Zoning Residential - MD
Rooms
Basement Entrance Interior
Basement Unfinished
Interior
Heating Gas - Natural
Cooling None
Flooring Carpet, Laminate, Vinyl, Vinyl Plank
Exterior
Garage Description Driveway, Off Street, On Street, Parking Spaces 3
Utilities Available Gas - Underground
Roof Type Slate
Building
Story 2.5
Foundation Concrete, Stone
Sewer Metered, Public
Construction Status Existing
Schools
Elementary Schools Integrated Arts Academy
Middle Schools Edmunds Middle School
High Schools Burlington High School
School District Burlington School District
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