NOT LISTED FOR SALE
10 Beds
7 Baths
4,183 Sq Ft
10,454 Sq Ft Lot

Last Sold September 17, 2021

Last sale price $830,000 $198 Per Sq Ft

25 Days on Market

Highlights

  • 0.24 Acre Lot
  • 2 Car Attached Garage
  • High Speed Internet
  • Covered Patio or Porch
  • Space Heater
  • Wood Siding

About This Home

As of September 2021

Composed of 7 units in two buildings, this Old North End investment property presents a great opportunity to invest in Burlington. A mix of easy-to-rent studio, one-bedroom and two-bedroom units and convenient location only one block to Battery Park, tenants love the easy access to popular shops, restaurants, galleries and cafes that Downtown Burlington and the Lake Champlain Waterfront have to offer. With strong financials, plenty of parking and upside potential, this property is a terrific fit for both owner-occupiers or those looking to add to their investment portfolio!

Last Agent to Sell the Property

Lipkin Audette Team

Coldwell Banker Hickok and Boardman Listed on: 05/27/2021

Coldwell Banker Hickok and Boardman

Last Buyer's Agent

Lipkin Audette Team

Coldwell Banker Hickok and Boardman Listed on: 05/27/2021

Coldwell Banker Hickok and Boardman

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,760

Year Built

  • Built in 1899

Lot Details

  • 10,454 Sq Ft Lot
  • Lot Sloped Up

Parking

  • 2 Car Attached Garage
  • Off-Street Parking

Home Design

  • Stone Foundation
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 7 Full Bathrooms
  • 4,183 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Interior Basement Entry

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Space Heater
  • Heating System Uses Natural Gas
  • Water Heater
  • High Speed Internet

Community Details

Overview

  • 7 Units

Building Details

  • Operating Expense $29,217
  • Gross Income $98,340
  • Net Operating Income $69,123

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,760

Year Built

Built in 1899

Lot Details

0

Parking

2

Listing Details

  • Status Detail: Closed
  • Style: Apartment Building, Multi-Family
  • Directions: Pearl Street to North Champlain Street, building on left after Sherman Street. (Across from Peru Street).
  • Flood Zone: Unknown
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 198.42
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 5317
  • Sq Ft - Apx Total Finished: 4183
  • Year Built: 1899
  • L A3 User Code: 3231
  • List Agent: 282798
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Slab, Unfinished
  • Sq Ft - Apx Finished AG: 4183
  • Sq Ft - Apx Unfinished BG: 1134

Exterior Features

  • Construction: Wood Frame
  • Driveway: Paved
  • Exterior: Wood
  • Foundation: Slab - Concrete, Stone
  • Road Frontage: TBD
  • Roads: Paved, Public
  • Roof: Shingle
  • Features Exterior: Porch - Covered

Garage/Parking

  • Garage Capacity: 2
  • Parking: Off Street
  • Garage: Yes
  • Garage Type: Attached

Utilities

  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Water: Public
  • Water Heater: Owned
  • Heating Fuel: Gas - Natural
  • Heating: Space Heater
  • Utilities: High Speed Intrnt -Avail

Fee Information

  • Tax Class: Non-Homestead

Lot Info

  • Lot Sq Ft: 10454
  • Lot Acres: 0.24
  • Lot Description: City Lot
  • Surveyed: Unknown
  • Zoning: RM
  • Deed Book: 1224
  • Deed Page: 23
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 98340
  • Net Income: 69123
  • Total Full Baths: 7
  • Total Units: 7
  • Total1 Bedroom Units: 4
  • Total2 Bedroom Units: 3

Tax Info

  • Tax Gross Amount: 16760.04
  • Tax Year: 2020
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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 List to Sale Price per Sq Ft
09/17/2021 09/17/21 Sold $830,000 -7.3% $198 / Sq Ft
06/21/2021 06/21/21 Pending -- -- --
05/27/2021 05/27/21 For Sale $895,000 -- $214 / Sq Ft
Source: PrimeMLS

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 $21,219 $877,900 $360,000 $517,900
2023 $18,550 $877,900 $360,000 $517,900
2022 $18,547 $877,900 $360,000 $517,900
2021 $19,323 $877,900 $360,000 $517,900
2020 $16,760 $544,600 $234,700 $309,900
2019 $15,940 $544,600 $234,700 $309,900
2018 $14,508 $544,600 $234,700 $309,900
2017 $14,508 $544,600 $234,700 $309,900
2016 $14,173 $544,600 $234,700 $309,900
2015 -- $4,809 $0 $0
2014 -- $4,809 $0 $0
2013 -- $4,809 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4863324

PrimeMLS

APN: (035) 044-2-041-000