NOT LISTED FOR SALE
7 Beds
4 Baths
2,328 Sq Ft
3,485 Sq Ft Lot

Last Sold August 25, 2020

Last sale price $525,000 $226 Per Sq Ft

10 Days on Market

About This Home

As of August 2020

Excellent investment opportunity, Well maintained 4 Unit rental property with great location, convenient to Downtown, UVM/Champlain College, Hospital and bus line. Positive cash flow and good rental history. The building has 3 2-bedroom units and 1 1- bedroom unit. Plenty of off-street parking and close to downtown opportunities.

Last Agent to Sell the Property

Alex LaVigne

Coldwell Banker Islands Realty Listed on: 06/08/2020

Coldwell Banker Islands Realty

Last Buyer's Agent

Alex LaVigne

Coldwell Banker Islands Realty Listed on: 06/08/2020

Coldwell Banker Islands Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,341

Year Built

  • Built in 1890

Lot Details

  • 3,485 Sq Ft Lot
  • Lot Sloped Up

Home Design

  • Block Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Architectural Shingle Roof
  • Slate Roof

Interior Spaces

  • 4 Full Bathrooms
  • 2-Story Property

Unfinished Basement

  • Interior Basement Entry
  • Crawl Space

Parking

  • 5 Car Parking Spaces
  • Gravel Driveway
  • Off-Street Parking

Schools

  • Edmunds Elementary School
  • Edmunds Middle School
  • Burlington High School

Utilities

  • Heating System Uses Gas
  • Heating System Uses Natural Gas
  • Underground Utilities
  • Gas Water Heater
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $55,800
  • Net Operating Income $40,590

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,341

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Multi-Family
  • Directions: Pearl St to North Willard. Property on left.
  • Assessment Amount: 353300
  • Assessment Year: 2018
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 225.52
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 3291
  • Sq Ft - Apx Total Finished: 2328
  • Year Built: 1890
  • Remarks Public: Excellent investment opportunity, Well maintained 4 Unit rental property with great location, convenient to Downtown, UVM/Champlain College, Hospital and bus line. Positive cash flow and good rental history. The building has 3 2-bedroom units and 1 1- bedroom unit. Plenty of off-street parking and close to downtown opportunities.
  • List Agent: 285180
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Rooms Above Ground: 15
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Concrete, Crawl Space, Unfinished
  • Sq Ft - Apx Finished AG: 2328
  • Sq Ft - Apx Unfinished AG: 522
  • Sq Ft - Apx Unfinished BG: 441

Exterior Features

  • Construction: Wood Frame
  • Driveway: Gravel
  • Exterior: Aluminum
  • Foundation: Block, Stone w/ Skim Coating
  • Road Frontage: Yes
  • Roads: Public
  • Roof: Shingle - Architectural, Slate

Garage/Parking

  • Parking: Driveway, Off Street, Parking Spaces 4, Parking Spaces 5

Utilities

  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Water: Public
  • Water Heater: Gas, Owned
  • Heating Fuel: Gas - Natural
  • Heating: Gas Heater - Vented
  • Total Water Heaters: 4
  • Utilities: Cable, Gas - Underground, High Speed Intrnt -Avail, Phone

Fee Information

  • Tax Class: Non-Homestead

Schools

  • School District: Burlington School District
  • Elementary School: Edmunds Elementary School
  • Middle School: Edmunds Middle School
  • High School: Burlington High School
  • Elementary School: Edmunds Elementary School
  • High School: Burlington High School

Lot Info

  • Lot Sq Ft: 3485
  • Lot Acres: 0.08
  • Lot Description: City Lot
  • Surveyed: Unknown
  • Zoning: RM
  • Deed Book: 1187
  • Deed Page: 732-733
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 55800
  • Net Income: 40590
  • Total Full Baths: 4
  • Total Units: 4
  • Total1 Bedroom Units: 1
  • Total2 Bedroom Units: 3

Tax Info

  • Tax Gross Amount: 10340.72
  • Tax Year: 2019

MLS Schools

  • School District: Burlington School District
  • School Middle Jr: Edmunds Middle School

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/25/2020 08/25/20 Sold $525,000 -2.6% $226 / Sq Ft
06/18/2020 06/18/20 Pending -- -- --
06/08/2020 06/08/20 For Sale $539,000 -- $232 / Sq Ft
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4809761

PrimeMLS