NOT LISTED FOR SALE
8 Beds
6 Baths
4,325 Sq Ft
10,454 Sq Ft Lot

Last Sold October 01, 2018

Last sale price $735,000 $170 Per Sq Ft

20 Days on Market

Highlights

  • Wood Flooring
  • Screened Porch
  • 2 Car Detached Garage

About This Home

As of October 2018

Perched above Winooski on the Burlington side of the river, this 2 building, 6 unit property is perfect to jump start your investment in Burlington real estate. In these desirable apartments, tenants enjoy hardwood floors, off-street parking, and the relaxing shade of the covered porches. These well maintained units are fully rented, close to colleges, hospital, and a stone's throw from vibrant Winooski Circle.

Last Agent to Sell the Property

Steve Lipkin

Coldwell Banker Hickok and Boardman License #081.0004569 Listed on: 07/12/2018

Coldwell Banker Hickok and Boardman

Last Buyer's Agent

Betsy Gregory

Four Seasons Sotheby's Int'l Realty License #082.0006454

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,853

Year Built

  • Built in 1899

Lot Details

  • 10,454 Sq Ft Lot
  • Lot Sloped Up

Parking

  • 2 Car Detached Garage
  • Gravel Driveway
  • Off-Street Parking

Home Design

  • Stone Foundation
  • Wood Frame Construction
  • Slate Roof
  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • 6 Full Bathrooms
  • 4,325 Sq Ft Home
  • 2-Story Property
  • Screened Porch
  • Unfinished Basement
  • Interior Basement Entry

Flooring

  • Wood
  • Carpet
  • Vinyl

Utilities

  • Heating System Uses Natural Gas
  • Water Heater

Community Details

Overview

  • 6 Units

Building Details

  • 7 Separate Gas Meters
  • Gross Income $87,000
  • Net Operating Income $59,116

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,853

Year Built

Built in 1899

Lot Details

0

Parking

2

Listing Details

  • Status Detail: Closed
  • Style: Multi-Family
  • Directions: From Burlington, come down the hill on Colchester Avenue, right on Chase Street. 81-89 is at the end on the corner with Grove Street. Parking available on Chase Street.
  • Flood Zone: Unknown
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 169.94
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 4325
  • Sq Ft - Apx Total Finished: 4325
  • Property Type: Multi-Family
  • Year Built: 1899
  • Remarks Public: Perched above Winooski on the Burlington side of the river, this 2 building, 6 unit property is perfect to jump start your investment in Burlington real estate. In these desirable apartments, tenants enjoy hardwood floors, off-street parking, and the relaxing shade of the covered porches. These well maintained units are fully rented, close to colleges, hospital, and a stone's throw from vibrant Winooski Circle.
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Carpet, Hardwood, Vinyl
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Unfinished
  • Sq Ft - Apx Finished AG: 4325

Exterior Features

  • Construction: Wood Frame
  • Driveway: Gravel
  • Exterior: Vinyl Siding
  • Foundation: Stone
  • Road Frontage: TBD
  • Roads: Public
  • Roof: Metal, Slate
  • Easements: Yes
  • Features Exterior: Porch - Enclosed, Porch - Screened

Garage/Parking

  • Garage Capacity: 2
  • Parking: Off Street, Parking Spaces 6+
  • Garage: Yes
  • Garage Type: Detached

Utilities

  • Cable Company: Comcast; BTC
  • Electric: Circuit Breaker(s)
  • Fuel Company: Vermont Gas
  • Sewer: Public
  • Water: Public
  • Water Heater: Tank
  • Heating Fuel: Gas - Natural
  • Heating: Direct Vent, Hot Air
  • Electric Company: Burlington Electric
  • Phone Company: Comcast; BTC
  • Separate Utilities: Varies
  • Total Electric Meters: 7
  • Total Gas Meters: 7
  • Total Ranges: 6
  • Total Refrigerators: 6

Fee Information

  • Tax Class: Non-Homestead

Lot Info

  • Lot Sq Ft: 10454
  • Lot Acres: 0.24
  • Lot Description: City Lot
  • Surveyed: Unknown
  • Zoning: RL
  • Deed Book: 951
  • Deed Page: 395-396
  • Deed Recorded Type: Quit Claim

Multi Family

  • Gross Income: 87000
  • Net Income: 59116
  • Total Full Baths: 6
  • Total Units: 6
  • Total1 Bedroom Units: 4
  • Total2 Bedroom Units: 2

Tax Info

  • Tax Gross Amount: 13852.6
  • Tax Year: 2018

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
10/01/2018 10/01/18 Sold $735,000 -1.9% $170 / Sq Ft
08/01/2018 08/01/18 Pending -- -- --
07/12/2018 07/12/18 For Sale $749,500 -- $173 / 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: 4706268

PrimeMLS

APN: (035) 041-4-001-000