NOT LISTED FOR SALE

24-28 Orchard Terrace Burlington, VT 05401

Downtown Burlington Neighborhood
12 Beds
4 Baths
3,398 Sq Ft
5,227 Sq Ft Lot

Last Sold March 15, 2023

Last sale price $1,450,000 $427 Per Sq Ft

4 Days on Market

Highlights

  • Hot Water Heating System
  • High Speed Internet
  • Wood Siding

About This Home

As of March 2023

4-unit multi-family in prime student rental neighborhood with 12 bedrooms. Turn-key property with many recent improvements and leases in place. Excellent cash flow, strong financials, spacious apartments, on-site laundry, and off-street parking.

Last Agent to Sell the Property

Lipkin Audette Team

Coldwell Banker Hickok and Boardman Listed on: 01/09/2023

Coldwell Banker Hickok and Boardman

Last Buyer's Agent

Lipkin Audette Team

Coldwell Banker Hickok and Boardman Listed on: 01/09/2023

Coldwell Banker Hickok and Boardman

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,657

Year Built

  • Built in 1899

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Sloped Up

Home Design

  • Brick Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Slate Roof
  • Wood Siding
  • Clap Board Siding

Interior Spaces

  • 4 Full Bathrooms
  • 3,398 Sq Ft Home
  • 3-Story Property
  • Finished Basement
  • Interior Basement Entry

Parking

  • Paved Parking
  • Off-Street Parking

Utilities

  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Water Heater Leased
  • High Speed Internet

Community Details

Overview

  • 4 Units

Building Details

  • Operating Expense $38,117
  • Gross Income $132,600
  • Net Operating Income $94,423

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,657

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Multi-Family
  • Directions: South Willard Street onto Buell Street, right onto Orchard Terrace, property on right.
  • Flood Zone: Unknown
  • Construction: Existing
  • Total Stories: 3
  • Price Per Sq Ft: 426.72
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 4805
  • Sq Ft - Apx Total Finished: 3398
  • Year Built: 1899
  • Remarks Public: 4-unit multi-family in prime student rental neighborhood with 12 bedrooms. Turn-key property with many recent improvements and leases in place. Excellent cash flow, strong financials, spacious apartments, on-site laundry, and off-street parking.
  • List Agent: 282798
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Finished, Unfinished
  • Sq Ft - Apx Finished AG: 3398
  • Sq Ft - Apx Unfinished BG: 1407

Exterior Features

  • Construction: Wood Frame
  • Driveway: Paved
  • Exterior: Clapboard, Wood
  • Foundation: Brick, Stone
  • Road Frontage: Yes
  • Roads: Public
  • Roof: Slate

Garage/Parking

  • Parking: Off Street

Utilities

  • Electric: Circuit Breaker(s)
  • Fuel Company: VT Gas
  • Sewer: Public
  • Water: Public
  • Water Heater: Owned, Rented
  • Heating Fuel: Gas - Natural
  • Heating: Hot Water
  • Electric Company: Burlington Electric
  • Utilities: High Speed Intrnt -Avail

Fee Information

  • Tax Class: Non-Homestead

Schools

  • School District: Burlington School District

Lot Info

  • Lot Sq Ft: 5227
  • Lot Acres: 0.12
  • Lot Description: City Lot
  • Surveyed: Unknown
  • Zoning: RH
  • Deed Book: 1014
  • Deed Page: 481-482
  • Deed Recorded Type: Quit Claim

Multi Family

  • Gross Income: 132600
  • Net Income: 94423
  • Total Full Baths: 4
  • Total Units: 4
  • Total1 Bedroom Units: 1
  • Total3 Plus Bedroom Units: 3

Tax Info

  • Tax Year Notes: 2022-2023
  • Tax Gross Amount: 23656.88
  • Tax Year: 2022

MLS Schools

  • School District: Burlington School District

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
03/15/2023 03/15/23 Sold $1,450,000 0.0% $427 / Sq Ft
01/13/2023 01/13/23 Pending -- -- --
01/09/2023 01/09/23 For Sale $1,450,000 -- $427 / Sq Ft
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Lipkin Audette Team

    Seller's Agent in 2023

    Lipkin Audette Team

    Coldwell Banker Hickok and Boardman

    (802) 846-8800

    21 in this area

    1,126 Total Sales

    Lipkin Audette Team
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Map

Source: PrimeMLS

MLS Number: 4940387

PrimeMLS

APN: (035) 044-4-201-000

Vermont Chittenden County Burlington 05401 Downtown Burlington

24-28 Orchard Terrace, Burlington, VT

This home is located at 24-28 Orchard Terrace, Burlington, VT 05401 since 09 January 2023. This property was built in 1899. 24-28 Orchard Terrace is a home located in Chittenden County with nearby schools including Edmunds Elementary School, Edmunds Middle School, and Burlington Senior High School.

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