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

9 Bed, 4 Bath Multi-Family Home For Sale

200 North St. & 161-167 Elmwood Ave, Burlington, VT 05401 House For Sale - MLS #4734837
Off the Market
$2,499,000
9
4
Multi-Family
5+ Family
14
This listing is courtesy of Lipkin Audette Team from Coldwell Banker Hickok And Boardman

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

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 Burlington's oldest residential neighborhoods and has grown to be one of Burlington's premier downtown neighborhoods.

Interior Details

11,557 sq. ft.
$216.23/sq. ft.
Public
Public

Exterior Details

0.23 acres
10,019 sq. ft.
3
Off Street; Paved
Metal; Wood Frame
Concrete; Stone

Other Details

4734837
2014
$5,993

Units Description

Unit #1
Bedrooms: 3      Full / Half Baths: 1      Rent: $1,800     

Unit #2
Bedrooms: 2      Full / Half Baths: 1      Rent: $1,493     

Unit #3
Bedrooms: 1      Full / Half Baths: 1      Rent: $950     

Unit #4
Bedrooms: 3      Full / Half Baths: 1      Rent: $1,750     

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(20%)

Monthly Mortgage Payments

$11,351
$15,810

Town Description