18 Park St, Burlington, VT 05401
- $1,395,000
- 5,017
- SqFt
Listing courtesy of The Steve Audette Team from Coldwell Banker Hickok and Boardman. (Phone: 802-846-8800)
- List Price
- $1,395,000
- Status
- PENDING
- MLS#
- 5088609
- Price Change
- ▼ $55,000 1782502765
- Living Area
- 5,017
- Lot Size
- 9,148
- Acres
- 0.21
- Year Built
- 1845
Property Description
Buyer Opportunity: Well-Located 10-Unit Investment with Strong Cash Flow & 9%+ Cap Rate. Rare opportunity to own a 10-unit multi-family property in one of Burlington's most sought-after downtown locations, directly across from Battery Park and moments from the waterfront, bike path, Church Street, restaurants, and downtown employers. The property includes two buildings with a strong unit mix made up of highly desirable and easy-to-rent 1-bedroom and studio apartments - layouts that continue to see consistent demand from tenants seeking downtown living with ample parking! The front brick building contains 4 distinctive apartments, while the rear building offers 6 single-level apartments with straightforward layouts. Well-maintained with fresh paint and tenants paying heat and electric, this property offers easy-to-rent apartments with laundry and a strong cash return in a premier Burlington location!
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Additional Information
- Taxes
- $31,543
- Listing Agent
- The Steve Audette Team
- Listing Office
- Coldwell Banker Hickok and Boardman
- Style
- Multi-Family
- Electric
- Circuit Breakers
- Utilities
- Cable Available
- Basement
- Unfinished
- Foundation
- Brick/Mortar, Slab, Stone
- Sewer
- Public Sewer
- Roof
- Shingle, Slate
- Zoning
- RH
- Water
- Public
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