72-78 LAFOUNTAIN STREET Burlington, VT 05401 | Multi-Family

$918,400

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5961 sqft.
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Description

Attention Investors: This well-maintained 6-unit property in a prime Old North End location is worth a look! This building has had a ton of upgrades, including kitchen updates with granite countertops, gas ranges, and stainless appliances. The exterior was fully repainted in 2017, and the slate roof has been regularly maintained. These bright units feature tin ceilings, wood and tile floors, and well-preserved historic character, plus each unit has access to a covered porch or balcony. Added bonuses such as plenty of off-street parking, and coin-op laundry in the basement make these highly desirable rentals. This location is minutes from Downtown Burlington & Winooski as well as the colleges and hospital. The great location & unique character along with a strong rental history and financials make this an excellent investment opportunity.

Property Details

List Price $950,000 Sold Price $918,400 List Date 2021-09-16 Sold Date 2022-03-25 MLS ID 4882888 Status Closed Property Type Multi-Family County VT-Chittenden Days on Market 110

structure

AG Finished Area 3974.0 basement Yes cooling None Features Exterior Balcony, Fence - Partial, Porch - Covered flooring Bamboo, Tile, Wood foundation details Stone garage y n No heating Direct Vent living area 5961.0 living area units Square Feet new construction Existing Parking Features Gravel roof Slate stories 2 year built 1899

characteristics

Acres 0 lot size area 0.29 Lot SqFt 12632.0 lot size units Acres # of Units 6 road frontage type Paved, Public road surface type Paved, Public

tax

tax annual amount 15752.52 tax year 2021 zoning Residential - Med Density

financial

gross income 100440.0 net operating income 68666.0 operating expense 31774.0

contract

foreclosure y n No

compensation

Buyer Agency Comp. 2.5 Buyer Agency Comp. Type % Non-Rep Comp. 2.5 Compensation Disclaimer The listing broker's offer of compensation is made only to other real estate licensees who are participant members of the PRIMEMLS.
This listing was last updated on 3/18/2024 4:53:09 AM (UTC)