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Listing Provided By Kara Koptiuch with Vermont Real Estate Company
$2,225,000
61 Elmwood Avenue, Burlington, VT 05401
8 Beds
8 Baths
7,296 sqft

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Listing Provided By Kara Koptiuch with Vermont Real Estate Company
Location, location, location!! Excellent investment opportunity to own 16 CONDOS in one of Burlingtons most desirable areas. Tenants' love the convenience of being in eyesight of Pearl Street, a short walk to Church Street, waterfront, University and Medical Center. This low maintenance complex features 16 one bedroom apartments with hardwood flooring/tile in each unit, ample off street-parking, coin-op laundry room and potential for basement storage all on site. Property is condominiumized providing potential Buyer(s) with flexibility to sell units individually in the future. Easy to rent, manage and maintain. Properties like this one rarely come available.
  • Price:
  • $2,225,000
  • Bedrooms:
  • 8
  • Full Baths:
  • 8
  • Square Footage:
  • 7,296
  • Acreage:
  • 0.30
  • Year Built:
  • 1920
  • Listing ID #:
  • 4794433
  • Street Address:
  • 61 Elmwood Avenue
  • City:
  • Burlington
  • State:
  • Vermont
  • Postal Code:
  • 05401
  • County:
  • Chittenden
  • Listing Status:
  • Pending
  • Listing Type:
  • Multi-Family
  • Basement Access:
  • Walk-Up
  • Basement Description:
  • Exterior Access
  • Building Color:
  • White
  • Construction Description:
  • Wood Frame
  • Construction Status:
  • Existing
  • Finished Above Ground Square Footage:
  • 7296
  • Finished Square Feet:
  • 7296
  • Flooring:
  • Hardwood, Tile
  • Foundation:
  • Stone
  • Has Basement:
  • Yes
  • Number Of Units:
  • 16
  • Siding:
  • Brick, Vinyl Siding, Wood Siding
  • Stories:
  • 2
  • Style:
  • Colonial, Multi-Family
  • Total Building Square Footage:
  • 8640
  • Type Of Roof:
  • Membrane, Standing Seam
  • Unfinished Basement Square Footage:
  • 1344
  • Unit1 Bathrooms:
  • 1
  • Unit1 Bedrooms:
  • 1
  • Unit1 Square Footage Range:
  • 672
  • Unit1 Total Rooms:
  • 3
  • Unit2 Bathrooms:
  • 1
  • Unit2 Bedrooms:
  • 1
  • Unit2 Square Footage Range:
  • 672
  • Unit2 Total Rooms:
  • 3
  • Unit3 Bathrooms:
  • 1
  • Unit3 Bedrooms:
  • 1
  • Unit3 Square Footage Range:
  • 672
  • Unit3 Total Rooms:
  • 3
  • Unit4 Bathrooms:
  • 1
  • Unit4 Bedrooms:
  • 1
  • Unit4 Square Footage Range:
  • 672
  • Unit4 Total Rooms:
  • 3
  • Unit5 Bathrooms:
  • 1
  • Unit5 Bedrooms:
  • 1
  • Unit5 Square Footage Range:
  • 384
  • Unit5 Total Rooms:
  • 2
  • Unit6 Bathrooms:
  • 1
  • Unit6 Bedrooms:
  • 1
  • Unit6 Square Footage Range:
  • 384
  • Unit6 Total Rooms:
  • 2
  • Unit7 Bathrooms:
  • 1
  • Unit7 Bedrooms:
  • 1
  • Unit7 Square Footage Range:
  • 384
  • Unit7 Total Rooms:
  • 2
  • Unit8 Bathrooms:
  • 1
  • Unit8 Bedrooms:
  • 1
  • Unit8 Square Footage Range:
  • 384
  • Unit8 Total Rooms:
  • 2
  • Year Built:
  • 1920
  • Gross Income:
  • 174200
  • Net Operating Income:
  • 110668.68
  • Operating Expense:
  • 63531
  • Conforms To Zoning:
  • Residential-High Density
  • Lot Description:
  • City Lot
  • Lot Square Footage:
  • 13068
  • Road Frontage:
  • 75
  • Road Type:
  • Public
  • Days On Market:
  • 49
  • Price Per Square Foot:
  • 304.96
  • Property Taxes:
  • $34,396
  • Tax Year:
  • 2019
  • Driveway:
  • Paved
  • Parking Description:
  • Off Street
  • Electricity:
  • Circuit Breaker(s)
  • Existing Water:
  • Public
  • Heating:
  • Baseboard, Electric, Gas Heater
  • Heating Fuel:
  • Electric, Gas - Natural
  • Sewage Type:
  • Public
  • Water Heater:
  • Owned
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Provided By Kara Koptiuch with Vermont Real Estate Company
  • VMONT