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 9% 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.
0.39 Private Acres Lot Size
investment
Built in 1899
MLS/Listing ID 5095783
4 Units
Slate
Shingle
Carpet
Enclosed Porch
Style - Multi Family
Natural Gas Water Heater
Parking - Off Street
Parking - Garage
Parking - Driveway
Lot - Street Lights
Lot - Sidewalks
Heating - Radiator
Heating - Other
Heating - Baseboard
Heating - Natural Gas
Stone
Brick Mortar
Natural Wood
Vinyl
Laminate
TOTAL MONTHLY COST
$0
$0
$0
Copyright {{YEAR}} PrimeMLS. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this web site comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.