- $2,925,000
- MLS#: 4980375
- 19
- # of Units
- 9,987
- Total Sq. Feet
- 0.26
- Acres
- $61,486
- Taxes
1 of 35
General Property Information
- Price:
- $2,925,000
- County:
- VT-Chittenden
- Acres:
- 0.26
- Property Type:
- Multi-Family
- Property Status:
- Active
- # of Units:
- 19
- Agency/Brokerage:
- Smith Macdonald Group
Coldwell Banker Carlson Real Estate
A 19-unit multi-family property in the heart of downtown Burlington, adjacent to the Federal Building/Post Office and within a block of Church Street, holds immense value due to its prime location. The consistent lack of vacancies speaks volumes about the desirability of these units, indicating a strong demand from potential tenants. The property's composition, including a stand-alone single-family 3-bedroom carriage house and the main building with 18 units (one used as a maintenance office), offers diversity and potential for different rental strategies. Moreover, the recent updates, such as the new boiler and hot water tanks, demonstrate a commitment to maintenance and modernization, making the property even more attractive to potential buyers. Given the scarcity of properties of this size and caliber in such a prime location, this opportunity could be highly sought-after by investors looking to capitalize on a stable, income-generating asset in downtown Burlington. Already a 8% cap rate with easy room for improvement.
Features
- Property Type:
- Multi-Family
- # of Units:19
- Subdivision Name:
- Year Built:
- 1900
- Parking:
- Road Frontage:
- 75
- Acres:0.26
- Gross Income:
- 288,000
- Annual Expenses:
- 0
- # of Gas Meters:
- # of Electric Meters:
- 0
- Sq Ft (Above Ground):
- 9987
- Sq Ft (Below Ground):
- 0
- Total Sq Ft:
- 9987
- Land Description:City Lot,Level,Sidewalks
- Elementary School:
- Middle School:
- High School:
- Financing Details:
- Documents Available:
Unit Information
Unit 1
- #Rooms:
- 0
- #Bedrooms:
- #Baths:
- Sq. Ft.:
- 0
- Floor:
- Unit Style:
- Monthly Rent:
- 0.00
Unit 2
- #Rooms:
- #Bedrooms:
- 0
- #Baths:
- Sq. Ft.:
- 0
- Floor:
- Unit Style:
- Monthly Rent:
- 0.00
Unit 3
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- Sq. Ft.:
- 0
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- Monthly Rent:
- 0.00
Unit 4
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- 0.00
Unit 5
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- 0.00
Unit 6
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- 0.00
Unit 7
- #Rooms:
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- 0
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- 0.00
Unit 8
- #Rooms:
- 0
- #Bedrooms:
- 0
- #Baths:
- Sq. Ft.:
- 0
- Floor:
- Unit Style:
- Monthly Rent:
- 0.00
Other Information
- List Date:
- 2023-12-16
- Last Updated:
- 2024-02-29 14:38:21
