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Ken Stempler

ken@trilogyrealty.group +1(603) 759-3433

Listed by Mikail Stein • RE/MAX North Professionals

$ 1,950,000

Est. payment | -/mo

16 Beds

4 Baths

4,289 SqFt

Save

$ 1,950,000

Est. payment | -/mo

Save

16 Beds

4 Baths

4,289 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,289 sqft

Price per Sqft $454

MLS Listing ID 5095783

Bedrooms 16

Full Baths 4

Construction Status Existing

Year Built 1899

Annual Tax Amount $34,175

Tax Year 2026

Lot Size 0.390 Acres

Acres 0.39

Property Description

A fantastic investment opportunity awaits within the walls of this well maintained and beautifully located four unit property. 16 Total bedrooms with a history of being rented for $1,100 per bedroom and coin operated washers and dryers bringing in a gross income of over $213,000 annually. Due to it's nice condition, the property is easily maintained with minimal regular maintenance required netting an annual return of roughly $162,000 or a 8.30% CAP rate, above the market average. Several of the units have been updated and the property features porches and decks, hardwood floors, desirable floorplans, newer mechanicals, and more! Recent improvements such as: siding, windows, appliances, interior remodeling, and, roof work. This is an ideal rental for all with an incredible commute. Roughly half a mile to Burlington's Church Street and the same distance to UVM's main Campus, and not much further from UVM Medical. Built on 0.39 acres the lot has ample parking space and for your future vision.

Location

State VT

County Vt-chittenden

Area Vt-Chittenden

Zoning rez

Rooms

Basement Entrance Walk-up

Basement Unfinished

Interior

Cooling None

Flooring Carpet, Laminate, Vinyl, Wood

Exterior

Garage Spaces 2.0

Utilities Available Other

Roof Type Shingle,Slate

Building

Story 2

Sewer Public

Architectural Style Multi-Family

Construction Status Existing

Schools

High Schools Burlington High School

School District Burlington School District

Schools and Properties Nearby

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(603) 759-3433

ken@trilogyrealty.group

Learn More About LPT Realty

21 Hyde ST Burlington, VT 05401