21-25 Elmwood Avenue, Burlington, VT 05401

$3,025,000
9,987
SqFt

Listing courtesy of Smith Macdonald Group from Coldwell Banker Carlson Real Estate. ()

List Price
$3,025,000
Status
ACTIVE
MLS#
4980375
Price Change
▼ $175,000 1705086986
Living Area
9,987
Lot Size
11,326
Acres
0.26
Year Built
1900

Property Description

A 19-unit multi-family property in the heart of downtown Burlington, adjacent to the Federal Building/Post Office and within a block of Church Street, holds immense value due to its prime location. The consistent lack of vacancies speaks volumes about the desirability of these units, indicating a strong demand from potential tenants. The property's composition, including a stand-alone single-family 3-bedroom carriage house and the main building with 18 units (one used as a maintenance office), offers diversity and potential for different rental strategies. Moreover, the recent updates, such as the new boiler and hot water tanks, demonstrate a commitment to maintenance and modernization, making the property even more attractive to potential buyers. Given the scarcity of properties of this size and caliber in such a prime location, this opportunity could be highly sought-after by investors looking to capitalize on a stable, income-generating asset in downtown Burlington. Already a 8% cap rate with easy room for improvement.

Additional Information

Delayed Showing
No
Tax Amount
$61,486
Listing Agent
Smith Macdonald Group
Listing Office
Coldwell Banker Carlson Real Estate
Style
Multi-Family
Number Stories
2
Electric
Circuit Breaker(s)
Exterior
Brick, Vinyl
Construction
Wood Frame
Basement
Concrete, Unfinished
Flood Zone
No
Foundation
Concrete
Roads
Public
Driveway
Paved
Sewer
Public
Units
19
Roof
Shingle - Asphalt
Zoning
Res-High Den
Heat Fuel
Electric, Gas - Natural
Water Heater
Gas - Natural
Heating And Cooling
Hot Water
Seasonal
No
Water
Public

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

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