NOT LISTED FOR SALE
7 Beds
4 Baths
2,688 Sq Ft
4,792 Sq Ft Lot

Last Sold July 02, 2021

Last sale price $700,000 $260 Per Sq Ft

7 Days on Market

Highlights

  • Wood Flooring
  • Baseboard Heating
  • High Speed Internet
  • Covered Patio or Porch

About This Home

As of July 2021

Here's your chance to own a great 4 unit rental in the south end. Three, 2 bedroom units and One, 1 bedroom unit close to City Market, Oakledge, Burlington Brewery and Switchback Brewing! Great rental history. off-street parking for 4 cars, coin operated laundry in building. Natural gas heat and tenants pay their own utilities. Each unit has access to lockable storage units in the basement. Great income potential makes this opportunity exciting. Delayed group showing on Monday May 3 from 5:00-7:00 pm. Appt needed.

Last Agent to Sell the Property

Brian French

Brian French Real Estate License #081.0003857 Listed on: 04/28/2021

Last Buyer's Agent

Rob Foley

Flat Fee Real Estate License #081.0004496

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $12,261

Year Built

  • Built in 1920

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Sloped Up

Home Design

  • Concrete Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Clap Board Siding

Interior Spaces

  • 4 Full Bathrooms
  • 2,688 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Vinyl

Basement

  • Interior Basement Entry
  • Apartment Living Space in Basement

Parking

  • Gravel Driveway
  • Off-Street Parking

Outdoor Features

  • Covered Patio or Porch

Schools

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

Utilities

  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Separate Meters
  • Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Gas Meters
  • Operating Expense $21,883
  • Gross Income $61,290
  • Net Operating Income $39,407

Property Details

Home Type

Apartment

Est. Annual Taxes

$12,261

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Apartment Building
  • Directions: Flynn Avenue towards Oakledge Park. Property is on the left after Pine Street.
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 260.42
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 2688
  • Sq Ft - Apx Total Finished: 2688
  • Property Type: Multi-Family
  • Year Built: 1920
  • Remarks Public: Here's your chance to own a great 4 unit rental in the south end. Three, 2 bedroom units and One, 1 bedroom unit close to City Market, Oakledge, Burlington Brewery and Switchback Brewing! Great rental history. off-street parking for 4 cars, coin operated laundry in building. Natural gas heat and tenants pay their own utilities. Each unit has access to lockable storage units in the basement. Great income potential makes this opportunity exciting. Delayed group showing on Monday May 3 from 5:00-7:00 pm. Appt needed.
  • L A1 M M S I Memberkey: 70032
  • List Agent: 19790
  • L O1 Homesnapcom: Yes
  • L O1 M M S I Officekey: 71966
  • S A1 M M S I Memberkey: 393762
  • S O1 Homesnapcom: Yes
  • S O1 M M S I Officekey: 73660
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Hardwood, Vinyl
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Apartments
  • Sq Ft - Apx Finished AG: 2688

Exterior Features

  • Construction: Wood Frame
  • Driveway: Gravel
  • Exterior: Clapboard
  • Foundation: Concrete
  • Road Frontage: Yes
  • Roads: Public
  • Roof: Shingle - Asphalt
  • Features Exterior: Porch - Covered

Garage/Parking

  • Parking: Off Street

Utilities

  • Electric: Circuit Breaker(s)
  • Fuel Company: VT Gas
  • Sewer: Public
  • Water: Public
  • Water Heater: Gas
  • Heating Fuel: Gas - Natural
  • Heating: Baseboard
  • Electric Company: BED
  • Separate Utilities: Yes
  • Total Electric Meters: 4
  • Total Gas Meters: 4
  • Total Heat Units: 4
  • Total Ranges: 4
  • Total Refrigerators: 4
  • Total Water Heaters: 4
  • Utilities: Cable - At Site, Dsl - Available

Condo/Co-op/Association

  • Management Company: self managed

Fee Information

  • Tax Class: Non-Homestead

Schools

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

Lot Info

  • Lot Sq Ft: 4792
  • Lot Acres: 0.11
  • Lot Description: City Lot
  • Surveyed: Unknown
  • Zoning: Res
  • Deed Book: 1142
  • Deed Page: 62
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 61290
  • Net Income: 39406.8
  • Total Full Baths: 4
  • Total Units: 4
  • Total1 Bedroom Units: 1
  • Total2 Bedroom Units: 3

Tax Info

  • Tax Gross Amount: 12260.76
  • Tax Year: 2021

MLS Schools

  • 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
07/02/2021 07/02/21 Sold $700,000 -6.7% $260 / Sq Ft
05/05/2021 05/05/21 Pending -- -- --
04/28/2021 04/28/21 For Sale $749,900 -- $279 / 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: 4858330

PrimeMLS

APN: (035) 057-2-043-000