PRICE REDUCED Now at 8% Projected Cap Rate! Amazing opportunity for investors to own this Burlington Duplex which is fully rented through May 2023 and offers a 7.1% cap rate at current rents. Two 3-bedroom/1-bathroom units with separate utilities, separate off-street parking, a shared backyard, and in-unit laundry make this easy to rent out. There is a 550-square-foot 2-story storage shed that is in excellent condition and is currently rented out for $200/month. The large backyard has a grill and picnic area and gardening space that tenants love. There are also two separate parking areas for each unit. The main house roof (EPDM) was replaced in 2009 and the shed roof was new in 2014. New fixtures, flooring, and appliances were installed throughout both units in 2018-2019. New in 2021 Bosch Greenstar boiler heating system for the upstairs unit. Natural light, lots of windows, and great layouts with extra living space make this an easy rental to great tenants

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Tax Information

Tax Year2023

Building

Year Built1899
Building ConstructionWood Frame
StyleVictorian
Units2
Unit 1 Bath1
Unit 1 Bedrooms3
Unit 1 Total Rooms6
Unit 2 Bath1
Unit 2 Bedrooms3
Unit 2 Floor Location2
Unit 2 Total Rooms6
Unit 3 Floor LocationGarage
Unit 3 Total Rooms1
# of 3+ Bedrooms2
Bathroom2
Total Baths2
BasementDirt Floor
FoundationStone

Basic Information

StatusSLD
List Price$669,000
Date Price Change01/12/2023
MLS Number4934274
MLS StatusClosed
Sale Date03/15/2023

Exterior

ExteriorAluminum
RoofFlat

Utilities

Heat FuelGas - Natural
Heat SystemBaseboard
WaterPublic
Water HeaterGas - Natural
ElectricCircuit Breaker(s)
SewerPublic
UtilitiesCable

Location

TownBurlington
StateVT
Zip05401
CountyChittenden
ZoningResidential
Flood Zone Y/NNo

Property

Acreage0.14
Parking Spaces1
Lot DescriptionCity Lot
Square Feet2,080
APX Fin AG Sqft2,080
Road Frontage60
RoadsPublic

Amenities

PricePerSqFt307.69

Other

Taxes$7,702.52
Seasonal Y/NNo
Date Listed10/19/2022
Unit 1 Deposit$2,500
Unit 2 Rent Amount$2,400
Unit 3 Rent Amount$200
View Count15

Copyright 2023 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display 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. Data last updated December 2, 2023 7:38 PM EST

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62 Intervale AvenueBurlington, VT 05401MLS Number 4934274

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