200 North St. & 161-167 Elmwood Ave.

    Burlington, VT 05401
    • $2,499,000
    • STATUS: Active
    • ON SITE: 80 days
    • MLS #: 4734837
    UPDATED: 47 min ago
    $2,499,000
    • 13
      BEDS
    • 0.23
      ACRES
    • 15
      BATHS
    • 0
      1/2 BATHS
    • 11,557
      SQFT
    • $216
      $/SQFT
    Type:
    Multi-Family
    Built:
    2014
    County:
    Area:

    School Ratings & Info

    Courtesy of Lipkin Audette Team of Coldwell Banker Hickok And Boardman.

    Description

    Unique opportunity to purchase a very desirable Old North End portfolio with 3 Investment properties. The combined multifamily buildings have 13 residential units and one prime retail commercial space situated on an 11,277 square foot corner lot at the intersection of Elmwood and North Street. The property consists of 18 bedrooms - a mix of studio, 1 bedroom, 2 bedroom, 3 bedroom apartments plus 2334 square feet of ground floor retail commercial space - all fully rented. Built in 2014 the mixed use property at 200 North Street has 7 apartments and 2334 square feet of ground floor retail commercial space located on a prime corner location. The 4 unit and duplex apartment buildings were recently significantly renovated with new kitchens, bathrooms, off-street parking, on-site laundry. Prime downtown location attracts tenants with proximity to colleges, hospital, and waterfront. Burlington VT has one of the lowest vacancy rate in the US, and is home to the University of Vermont/ Medical Center, Burton and Lake Champlain. Burlington is consistently ranked as one of the top 10 places to live in the US. The Old North End is one of Burlingtons oldest residential neighborhoods and has grown to be one of Burlingtons premier downtown neighborhoods.

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    © Copyright 2019 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of NEREN. 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. Data last updated 2019-04-22T14:05:53.34.
    www.bestseacoasthomes.com/homes/91354394

    200 North St. & 161-167 Elmwood Ave. Burlington, VT 05401

    • Price: $2,499,000
    • Status: Active
    • Updated: 47 min ago
    • MLS #: 4734837
    13
    Beds
    15
    Baths
    0
    ½ Baths
    0.23
    Acres
    11,557
    SQFT
    $216
    $/SQFT
    2014
    Built
    County:
    Chittenden
    Area:
    Burlington
    Property Description
    Unique opportunity to purchase a very desirable Old North End portfolio with 3 Investment properties. The combined multifamily buildings have 13 residential units and one prime retail commercial space situated on an 11,277 square foot corner lot at the intersection of Elmwood and North Street. The property consists of 18 bedrooms - a mix of studio, 1 bedroom, 2 bedroom, 3 bedroom apartments plus 2334 square feet of ground floor retail commercial space - all fully rented. Built in 2014 the mixed use property at 200 North Street has 7 apartments and 2334 square feet of ground floor retail commercial space located on a prime corner location. The 4 unit and duplex apartment buildings were recently significantly renovated with new kitchens, bathrooms, off-street parking, on-site laundry. Prime downtown location attracts tenants with proximity to colleges, hospital, and waterfront. Burlington VT has one of the lowest vacancy rate in the US, and is home to the University of Vermont/ Medical Center, Burton and Lake Champlain. Burlington is consistently ranked as one of the top 10 places to live in the US. The Old North End is one of Burlingtons oldest residential neighborhoods and has grown to be one of Burlingtons premier downtown neighborhoods.
    Exterior Features

    Color Mutli Construction MetalWood Frame Driveway Common/SharedPaved Exterior BrickMetal CladWood Siding Has Garage No Lot Description City Lot Parking Off StreetPaved Road Frontage Tbd Roads Public Roof MembraneSlate Style Apartment BuildingMulti-Family

    Interior Features

    Basement Access Type Interior Basement Description Partially FinishedUnfinished Cooling None Flooring Ceramic TileWood Foundation ConcreteStone Has Basement Yes Heating Heat PumpHot WaterRadiatorWall Units Total Ranges 13 Total Refrigerators 13 Unit1 Baths 1 Unit2 Baths 1 Unit3 Baths 1 Unit4 Baths 1 Unit5 Baths 1 Unit6 Baths 1 Unit7 Baths 1 Unit8 Baths 1 Water Heater Other

    Property Features

    Auction No Construction Status Existing Easements Yes Electric Circuit Breaker(S) Electric Company Burlington Electric Expenses Insurance 7567 Expenses Maintenance 6500 Flood Zone Unknown Fuel Company Vermont Gas Gross Income 241622 Heat Fuel Gas - Natural Possession At ClosingTenant Rights Pre Construction No Seasonal No Separate Utilities Varies Sewer Public Tax Gross Amount 41409 Tax Year 2018 Taxes Tbd No Total Electric Meters 16 Total Gas Meters 16 Total1 Bed Units 8 Total2 Bed Units 3 Total3 Plus Bed Units 2 Unit1 Rental Amount 1800 Unit2 Rental Amount 1493.5 Unit3 Rental Amount 950 Unit4 Rental Amount 1750 Unit5 Rental Amount 950 Unit6 Rental Amount 1442 Unit7 Rental Amount 886.83 Unit8 Rental Amount 1350 Water Public Zoning Nmu & Rm

    Courtesy of Lipkin Audette Team of Coldwell Banker Hickok And Boardman.


    © Copyright 2019 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of NEREN. 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. Data last updated 2019-04-22T14:05:53.34.
     
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    Courtesy of Lipkin Audette Team of Coldwell Banker Hickok And Boardman.