A
Seller's Agent in 2014
Aaron Chiaravelotti
KW Vermont
(802) 922-6282
24 Total Sales
56 Cedar St Burlington, VT 05401
Old North End Neighborhood
14
Beds
8
Baths
6,978
Sq Ft
4,356
Sq Ft Lot Lot
Highlights
- Main Floor Bedroom
- Covered Patio or Porch
- Accessible Parking
- Corner Lot
- Balcony
- Bathroom on Main Level
About This Home
As of January 2014Wonderful investment opportunity in this amazing property. Here is a very rare 9 unit income producing multi family home in downtown Burlington. Total of 16 bedrooms with 7 two bedroom units and 2 one bedroom units, all with great functional layouts. Long term tenants with an excellent rental history and room to increase rental income. Current cap rate is 9.4%. Projected net operating income is $82,462. Possibility to increase cash flow and add coin operated laundry room that can be accessed by all tenants. With off street parking and storage this property is a must see for anyone looking! Apt 9 is a 2 bedroom 1 bath unit being rented at $900/month. Motivated, but not desperate seller.
Last Agent to Sell the Property
KW Vermont License #082.0008470 Listed on: 05/23/2013
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $15,758
Year Built
- Built in 1899
Lot Details
- 4,356 Sq Ft Lot
- Corner Lot
- Lot Sloped Up
Home Design
- Concrete Foundation
- Block Foundation
- Stone Foundation
- Wood Frame Construction
- Shingle Roof
- Rolled or Hot Mop Roof
- Wood Siding
- Vinyl Siding
Interior Spaces
- 6,978 Sq Ft Home
- 3-Story Property
- Fire and Smoke Detector
Flooring
- Carpet
- Laminate
- Slate Flooring
- Vinyl
Bedrooms and Bathrooms
- Main Floor Bedroom
- Bathroom on Main Level
- 8 Full Bathrooms
Unfinished Basement
- Basement Fills Entire Space Under The House
- Connecting Stairway
- Dirt Floor
- Basement Storage
Parking
- 6 Car Parking Spaces
- Paved Parking
- On-Street Parking
- Off-Street Parking
Accessible Home Design
- Hard or Low Nap Flooring
- Accessible Parking
- Ramped or Level from Garage
Outdoor Features
- Balcony
- Covered Patio or Porch
- Outdoor Storage
Schools
- Edmunds Elementary School
- Lyman C. Hunt Middle School
Utilities
- Heating System Uses Gas
- Heating System Uses Natural Gas
- Separate Meters
- Individual Controls for Heating
- Water Heater Leased
- Natural Gas Water Heater
- High Speed Internet
- Cable TV Available
Listing and Financial Details
- Rent includes ground maintenance, sewer, trash, water
- Tax Lot 182
Community Details
Overview
- 9 Units
Building Details
- 10 Separate Gas Meters
- Gross Income $99,888
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/31/2014 01/31/14 | Sold | $735,000 | -6.4% | $105 / Sq Ft |
| 11/02/2013 11/02/13 | Pending | -- | -- | -- |
| 05/23/2013 05/23/13 | For Sale | $785,000 | -- | $112 / Sq Ft |
Source: PrimeMLS
Agents Affiliated with this Home
-
Aaron Chiaravelotti
-
Steve Lipkin
Buyer's Agent in 2014
Steve Lipkin
Coldwell Banker Hickok and Boardman
(802) 846-9520
Map
Source: PrimeMLS
MLS Number: 4240279
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