21 Hyde St, Burlington, VT 05401
- $1,750,000
- 4,289
- SqFt
Listing courtesy of Mikail Stein from RE/MAX North Professionals. ()
- List Price
- $1,750,000
- Status
- ACTIVE
- MLS#
- 5095783
- Price Change
- ▼ $50,000 1788981381
- Living Area
- 4,289
- Lot Size
- 16,988
- Acres
- 0.39
- Year Built
- 1899
Property Description
A fantastic investment opportunity awaits within the walls of this well maintained and beautifully located four unit property. 16 Total bedrooms currently estimated at just under $900 per bedroom and coin operated washers and dryers bringing in a gross income of $173,500 annually. Due to it's nice condition, the property is easily maintained with minimal regular maintenance required netting an annual return of roughly $122,000 or a 7% CAP rate. Over the last few years with larger UVM enrollment rents have been as high as $1,100 per bedroom, roughly a 9% CAP. Several of the units have been updated and the property features porches and decks, hardwood floors, desirable floorplans, newer mechanicals, and more! Recent improvements such as: siding, windows, appliances, interior remodeling, and, roof work. This is an ideal rental for all with an incredible commute. Roughly half a mile to Burlington's Church Street and the same distance to UVM's main Campus, and not much further from UVM Medical. Built on 0.39 acres the lot has ample parking space and for your future vision.
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Additional Information
- Taxes
- $34,175
- Listing Agent
- Mikail Stein
- Listing Office
- RE/MAX North Professionals
- Style
- Multi-Family
- School District
- Burlington School District
- High School
- Burlington High School
- Exterior Features
- Natural Shade, Covered Porch, Enclosed Porch, Window Screens, Double Pane Window(s)
- Electric
- Circuit Breakers
- Utilities
- Other
- Basement
- Unfinished
- Foundation
- Brick/Mortar, Concrete, Stone
- Sewer
- Public Sewer
- Roof
- Shingle, Slate
- Zoning
- rez
- Water
- Public
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