- $869,000
- MLS#: 4998127
- 3
- # of Units
- 3,465
- Total Sq. Feet
- 0.17
- Acres
- $13,793
- Taxes
1 of 21
General Property Information
- Price:
- $869,000
- County:
- VT-Chittenden
- Acres:
- 0.17
- Property Type:
- Multi-Family
- Property Status:
- Active
- # of Units:
- 3
- Agency/Brokerage:
- Peter Yee
Yellow Sign Commercial
Located in Burlington's Highly sought after South-End, this apartment building has a total of 8 bedrooms configured as 3 separate units, designed with 1 unit per level. Large parking lot with parking for 6 vehicles or more. Zoning recently changed from Residential Low density to Residential Corridor, allowing for further development of the property. Month to Month tenants willing to vacate or stay. Ability to vacate the 2bed/1 bath or 3bed/2bath allows for many buyer types including but not limited to investors looking to modify/update existing units and increase rents, developers looking to take advantage of new zoning opportunities, and my favorite- owner occupants of various sizes to purchase and have income from other unit(s) help pay mortgage/home owner expenses. Currently priced at a 7% Cap rate calculated using actual rents less estimated expense. 48-hour notice required for showings of the occupied units. Text, Email, or Call Agent to set up showings.
Features
- Property Type:
- Multi-Family
- # of Units:3
- Subdivision Name:
- Year Built:
- 1940
- Parking:
- Road Frontage:
- 0
- Acres:0.17
- Gross Income:
- 79,200
- Annual Expenses:
- 0
- # of Gas Meters:
- # of Electric Meters:
- 0
- Sq Ft (Above Ground):
- 2363
- Sq Ft (Below Ground):
- 1102
- Total Sq Ft:
- 3465
- Land Description:City Lot
- Elementary School:
- Middle School:
- High School:
- Financing Details:
- Documents Available:
Unit Information
Unit 1
- #Rooms:
- 0
- #Bedrooms:
- 3
- #Baths:
- 1
- Sq. Ft.:
- 0
- Floor:
- Unit Style:
- Monthly Rent:
- 2100.00
Unit 2
- #Rooms:
- #Bedrooms:
- 3
- #Baths:
- 2
- Sq. Ft.:
- 0
- Floor:
- Unit Style:
- Monthly Rent:
- 2700.00
Unit 3
- #Rooms:
- #Bedrooms:
- #Baths:
- 1
- Sq. Ft.:
- 0
- Floor:
- Unit Style:
- Monthly Rent:
- 1800.00
Other Information
- List Date:
- 2024-05-30
- Last Updated:
- 2024-06-13 18:00:37
