NOT LISTED FOR SALE

Estimated Value: $626,000 - $661,000

7 Beds
3 Baths
2,591 Sq Ft
$246/Sq Ft Est. Value

Last Sold June 28, 2024

Last sale price $639,900 $247 Per Sq Ft

Current estimated payment $4,474/month

Highlights

  • Covered Patio or Porch
  • Forced Air Heating System
  • Partially Fenced Property
  • Vinyl Plank Flooring
  • High Speed Internet
  • 3-minute walk to Little Park

About This Home

As of June 2024

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!

Last Agent to Sell the Property

Flex Realty Group

Flex Realty Listed on: 06/28/2024

Last Buyer's Agent

Mark Montross

Catamount Realty Group License #081.0093878

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,742

Year Built

  • Built in 1899

Lot Details

  • 3,920 Sq Ft Lot
  • Partially Fenced Property
  • Level Lot

Home Design

  • Concrete Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Slate Roof
  • Aluminum Siding

Interior Spaces

  • 3 Full Bathrooms
  • 2,591 Sq Ft Home
  • 2.5-Story Property
  • Unfinished Basement
  • Interior Basement Entry

Flooring

  • Carpet
  • Laminate
  • Vinyl Plank
  • Vinyl

Parking

  • 3 Car Parking Spaces
  • Stone Driveway
  • Gravel Driveway
  • On-Street Parking
  • Off-Street Parking

Schools

  • Integrated Arts Academy Elementary School
  • Edmunds Middle School
  • Burlington High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Underground Utilities
  • High Speed Internet

Additional Features

  • Covered Patio or Porch
  • City Lot

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Gas Meters
  • Operating Expense $16,535

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,742

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Directions: Follow Main Street towards downtown Burlington, Right onto South Union (.8 miles), Left onto Archibald Street (.3 miles), Left onto Intervale Ave (.1 miles), Property on Right, See Sign.
  • Footprint: 50 x 27
  • Construction: Existing
  • Total Stories: 2.5
  • Price Per Sq Ft: 246.97
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 3533
  • Sq Ft - Apx Total Finished: 2591
  • Year Built: 1899
  • List Agent: 282458
  • Unique Disclaimer: The listing broker's offer of compensation is made only to other real estate licensees who are participant members of PrimeMLS.
  • Display On Internet: High Speed Intrnt -Avail
  • Architectural Style: Multi-Family
  • ResoLotFeatures: City Lot, Curbing, Level, Sidewalks
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Appliances: Water Heater–Natural Gas, Water Heater – Separate
  • Flooring: Carpet, Laminate, Vinyl, Vinyl Plank
  • Total Rooms Above Ground: 13
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Unfinished
  • Sq Ft - Apx Finished AG: 2591
  • Sq Ft - Apx Unfinished BG: 942

Exterior Features

  • Driveway: Crushed Stone, Gravel
  • Foundation: Concrete, Stone
  • Road Frontage: TBD
  • Roads: Paved, Public
  • Roof: Slate
  • Features Exterior: Fence - Partial, Natural Shade, Porch - Covered
  • Construction Type: Wood Frame, Aluminum Siding

Garage/Parking

  • Parking: Driveway, Off Street, On Street, Parking Spaces 3

Utilities

  • Cable Company: Xfinity
  • Electric: Circuit Breaker(s)
  • Fuel Company: VT Gas
  • Sewer: Metered, Public
  • Heating Fuel: Gas - Natural
  • Heating: Direct Vent, Forced Air, Hot Air, Monitor Type
  • Electric Company: Burlington Electric
  • Phone Company: Xfinity
  • Total Electric Meters: 4
  • Total Gas Meters: 3
  • Total Heat Units: 3
  • Total Ranges: 3
  • Total Refrigerators: 3
  • Total Water Heaters: 3
  • Trash: Cans, Curbside, Owner, Recycle
  • Utilities: Gas - Underground
  • Water Source: Metered, Public

Fee Information

  • Tax Class: Homestead

Schools

  • Elementary School: Integrated Arts Academy
  • High School: Burlington High School

Lot Info

  • Lot Sq Ft: 3920
  • Lot Acres: 0.09
  • Surveyed: Unknown
  • Zoning: Residential - MD
  • Deed Book: 642
  • Deed Page: 673
  • Deed Recorded Type: Warranty

Multi Family

  • Total Full Baths: 3
  • Total Units: 3
  • Total1 Bedroom Units: 1
  • Total3 Plus Bedroom Units: 2

Tax Info

  • Tax Gross Amount: 11741.8
  • Tax Year: 2023

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 28, 2024
Closed on
Jun 28, 2024
Sold by
Burnett Norman
Bought by
Feeney Warren and Bufano Brittany
Seller's Agent
Flex Realty Group
Flex Realty
Buyer's Agent
Mark Montross
Catamount Realty Group
List Price
$639,900
Sold Price
$639,900
Views
1
Current Estimated Value
$637,683

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,217
Avg. Annual Appreciation
-0.24%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Feeney Warren $639,900 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/28/2024 06/28/24 Sold $639,900 0.0% $247 / Sq Ft
06/28/2024 06/28/24 Pending -- -- --
06/28/2024 06/28/24 For Sale $639,900 -- $247 / Sq Ft
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $13,434 $555,800 $107,500 $448,300
2023 $11,744 $555,800 $107,500 $448,300
2022 $11,742 $555,800 $107,500 $448,300
2021 $12,233 $555,800 $107,500 $448,300
2020 $10,270 $333,700 $150,800 $182,900
2019 $9,767 $333,700 $150,800 $182,900
2018 $9,380 $333,700 $150,800 $182,900
2017 $8,888 $333,700 $150,800 $182,900
2016 $8,685 $333,700 $150,800 $182,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 5003142

PrimeMLS

APN: (035) 044-3-047-000