214-216 Pine Street Burlington, VT
$659,000
Beds 6
Baths 3
Square Footage 1,772
Acres 0.04
Description
Attention investors! If you are looking for a low maintenance investment property, then this fully-rented building is for you. Centrally located in the heart of Burlington, this triplex apartment building on Pine Street is ready for its next owner. The property boasts a fantastic layout with 2 bedrooms in each unit. Unit C is a month to month lease and is 2 stories. Units A and B feature identical floor plans with comfortable bedrooms located off the kitchen, spacious sun filled living rooms with new crown molding, and full bathrooms. Unit C is a rare find for Burlington apartments, with a multi-level layout. A convenient full kitchen, living room and bathroom are found on the first floor, and 2 cozy bedrooms are located upstairs. The property has been well maintained and enjoys many recent upgrades including 6 new lolly columns in the basement, and Unit B has been completely remodeled in the last year, including some new windows, laundry hookups and all new flooring. Perfect addition to your investment portfolio or an excellent option for your college student to rent out while producing additional income from other units. Minimal need for vehicles at this property as it's situated in an incredible walkable location, less than a 10 minute walk to the Burlington Waterfront and Church Street Marketplace. Just 2 blocks from Perkins Pier and the Island Line bike/rec path.
Listed by Ridgeline Real Estate, Amanda Headley
Details
MLS 5015105
Price $659,000
Status Active
DOM 87 days
Type Multi-Family
Style Apartment Building
Beds 6
Total Baths 3 full baths
Square Feet 1,772 sqft
Lot Size 0.04 acres
Year Built 1899
Taxes Paid $8,891
Lot & Building Features
Appliances Water Heater – Electric, Water Heater – Tank, Water Heater – Owned
Utilities Other
Construction Vinyl Siding, Wood Frame
Cooling None
Heating Monitor Type
Parking Description Parking Spaces 2
Sewer Public
Tax Year 2023
Taxes Paid $8,891
Water Public
Basement Description Crawl Space, Unfinished, Partial
Foundation Block
Lot Description City Lot
Roof Shingle - Asphalt
Features Exterior Porch
Garage No
Unit Features
Unit 1 Apx Sqft 576
Unit 1 Baths 1
Unit 1 Bedrooms 2
Unit 1 Lease Term Annual
Unit 1 Rental Agreement No
Unit 1 Rental Amount 1675.00
Unit 1 Rental Amt Freq Monthly
Unit 1 Rooms 5
Unit 1 Status Leased
Unit 1 Style Flat
Unit 1 Tenant Pays Electric, Snow Removal, Landscaping, Internet Service, Heat
Unit 2 Apx Sqft 576
Unit 2 Baths 1
Unit 2 Bedrooms 2
Unit 2 Lease Term Annual
Unit 2 Rental Agreement Yes
Unit 2 Rental Amount 1950.00
Unit 2 Rental Amt Freq Monthly
Unit 2 Rooms 5
Unit 2 Status Leased
Unit 2 Style Flat
Unit 2 Tenant Pays Electric, Snow Removal, Landscaping, Internet Service, Heat
Unit 3 Apx Sqft 620
Unit 3 Baths 1
Unit 3 Bedrooms 2
Unit 3 Lease Term Month to Month
Unit 3 Rental Agreement Yes
Unit 3 Rental Amount 1538.00
Unit 3 Rental Amt Freq Monthly
Unit 3 Rooms 5
Unit 3 Status Month to Month
Unit 3 Style Multi-Level
Unit 3 Tenant Pays Electric, Snow Removal, Landscaping, Internet Service, Heat
Schools
Senior High School Burlington High School
Multi-Family Home for Sale: 214-216 Pine Street, Burlington, VT 05401
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Financing
$
6.75%
$
$
$
per month
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This calculator only provides an estimate.