Well-located downtown Burlington 3-unit apartment building with off street parking. Offering one 4-bedroom unit and two 1-bedroom units. Many recent updates, separate utilities, and laundry on site. Investors will appreciate the strong cap rate, fully occupied. Tenants love living three blocks to Church Street Marketplace and the Lake Champlain Waterfront, plus easy access to colleges, hospital, and the South End Arts District, businesses, and restaurants. Invest in Burlington!
- Price:
- $695,000
- Bedrooms:
- 6
- Full Baths:
- 3
- Square Footage:
- 2,560
- Acreage:
- 0.13
- Year Built:
- 1930
- Listing ID #:
- 4937389
- Street Address:
- 186 Pine Street
- City:
- Burlington
- State:
- Vermont
- Postal Code:
- 05401
- County:
- Chittenden
- Listing Status:
- Pending
- Listing Type:
- ResidentialAttached
- Basement Access:
- Interior
- Basement Description:
- Unfinished
- Construction Description:
- Wood Frame
- Construction Status:
- Existing
- Finished Above Ground Square Footage:
- 2560
- Finished Square Feet:
- 2560
- Foundation:
- Brick, Stone
- Has Basement:
- Yes
- Number Of Units:
- 3
- Siding:
- Clapboard
- Stories:
- 2
- Style:
- Multi-Family
- Total Building Square Footage:
- 3360
- Type Of Roof:
- Slate
- Unfinished Basement Square Footage:
- 800
- Unit1 Bathrooms:
- 1
- Unit1 Bedrooms:
- 4
- Unit2 Bathrooms:
- 1
- Unit2 Bedrooms:
- 1
- Unit3 Bathrooms:
- 1
- Unit3 Bedrooms:
- 1
- Year Built:
- 1930
- Gross Income:
- 66300
- Net Operating Income:
- 48249
- Operating Expense:
- 18051
- Conforms To Zoning:
- Rh
- Lot Description:
- City Lot
- Lot Square Footage:
- 5663
- Road Frontage:
- 32
- Road Type:
- Public
- Days On Market:
- 134
- Price Per Square Foot:
- 271.48
- Property Taxes:
- $9,971
- Tax Year:
- 2022
- Driveway:
- Paved
- Electricity:
- Circuit Breaker(s)
- Existing Water:
- Public
- Heating:
- Electric, Hot Air
- Heating Fuel:
- Gas - Natural
- Sewage Type:
- Public
- Utilities:
- High Speed Intrnt -Avail
- 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: Lipkin Audette Team () with Coldwell Banker Hickok and Boardman
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