39-41 King Street Burlington, VT SOLD
$803,093
Beds 9
Square Footage 3,844
Acres 0.11
Contact Us
Sold By
Lipkin Audette Team, Coldwell Banker Hickok and BoardmanDescription
Welcome to your new investment opportunity! This multi-family 4-unit building presents a lucrative prospect for both investors and residents alike. Situated near the tranquil waterfront, residents can enjoy the serene beauty of nature while still being within arm's reach of urban conveniences. Each unit within this property offers its own unique appeal, with ample space and privacy for comfortable living. However, the real potential lies in the opportunity for upgrades. Imagine the possibilities once several of the units are renovated to modern standards, attracting higher rents and increasing overall property value. But that's not all, one of the units has already undergone a transformation. The 2-bedroom first floor unit boasts a fresh rehab, featuring contemporary finishes and new appliances. In a region where parking can be a challenge, this property stands out with its rare offering of 4 designated parking spaces. Residents can rest assured knowing they have a secure spot waiting for them right at home. Convenience is key, and this property delivers. With amenities such as shops, restaurants, and recreational facilities just a stone's throw away, residents can enjoy the best of both worlds – the tranquility of being within minutes to the waterfront combined with the ease of access to everyday essentials.
Listed by Coldwell Banker Hickok and Boardman, Nancy Warren
Sold by Coldwell Banker Hickok and Boardman, Lipkin Audette Team
Details
MLS 5000890
Price $803,093
Status Closed
DOM 136 days
Type Multi-Family
Style Apartment Building
Beds 9
Square Feet 3,844 sqft
Lot Size 0.11 acres
Year Built 1899
Lot & Building Features
Appliances Water Heater – Domestic
Utilities Cable - Available, Gas - On-Site
Construction Wood Frame, Wood Siding
Cooling None
Heating Gas Heater
Sewer Public
Tax Year 2023
Water Public
Basement Description Unfinished
Foundation Axle
Lot Description Corner, Street Lights, Curbing
Roof Membrane, Slate, Shingle - Asphalt, Metal
Garage No
Unit Features
Unit 1 Baths 1
Unit 1 Bedrooms 2
Unit 1 Info Appliances Included
Unit 1 Lease Term Month to Month
Unit 1 Level Number 1
Unit 1 Rental Agreement Yes
Unit 1 Rental Amount 1800.00
Unit 1 Rental Amt Freq Monthly
Unit 1 Rooms 4
Unit 1 Status Leased
Unit 1 Style flat
Unit 1 Tenant Pays All Utilities
Unit 2 Baths 1
Unit 2 Bedrooms 3
Unit 2 Lease Term Month to Month
Unit 2 Level Number 1
Unit 2 Rental Agreement Yes
Unit 2 Rental Amount 1600.00
Unit 2 Rental Amt Freq Monthly
Unit 2 Rooms 6
Unit 2 Status Leased
Unit 2 Style Flat
Unit 2 Tenant Pays Electric, Hot Water, Heat
Unit 3 Baths 1
Unit 3 Bedrooms 3
Unit 3 Lease Term Month to Month
Unit 3 Level Number 2
Unit 3 Rental Agreement Yes
Unit 3 Rental Amount 1600.00
Unit 3 Rental Amt Freq Monthly
Unit 3 Rooms 5
Unit 3 Status Leased
Unit 3 Style Flat
Unit 3 Tenant Pays Electric, Water, Heat
Unit 4 Baths 1
Unit 4 Bedrooms 1
Unit 4 Lease Term Month to Month
Unit 4 Level Number 3
Unit 4 Rental Agreement Yes
Unit 4 Rental Amount 800.00
Unit 4 Rental Amt Freq Monthly
Unit 4 Rooms 1
Unit 4 Status Leased
Unit 4 Style Flat
Unit 4 Tenant Pays All Utilities
Map
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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.