Skip To Content
Courtesy of Theadora Dernavich of Coldwell Banker Hickok and Boardman: .

38-40 Monroe Street

Burlington, VT 05401
  • $820,000
  • STATUS: Closed
  • ON SITE: 336 Days
  • MLS #: 4961401
Sold - 11/14/2023
$820,000
SOLD - 11/14/2023
  • 5
    BEDS
  • 0.1
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 2,910
    SQFT
  • $0
    $/SQFT
Type:
Multi-Family
Built:
1899
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

Located just a few blocks from Church Street, this Queen Anne style 4-unit property "commands an excellent corner location" on Monroe Street, to quote Burlington historical records. This property has been maintained by the same family for decades and is ready for new owners to take over this great investment opportunity. Inside you'll find much of the vintage charm remains. Original wood trim and built-ins with updates mixed in, including newer wood windows, custom showers, updated plumbing, and major insulation improvements. With projected rents and many deferred maintenance projects already completed by the seller, this is a great opportunity to invest in a quality property. The entire first floor is a 2-bedroom unit, which could be a great option for owner-occupying. The second floor houses a 1-bedroom apartment as well as a studio, and the final 1-bedroom apartment sits on the third floor. A large clean basement provides tons of storage space along with laundry hook-ups. There is also a large 2-bay outbuilding in front of the 4 off-street parking spaces. Move in and have the majority of your mortgage covered, or rent it out with the tenants of your choice and add this great property to your portfolio. Located just a couple blocks from the Burlington Waterfront, Battery Park, and of course popular Church Street.

Sold by Coldwell Banker Hickok and Boardman.

Monthly Payment Calculator



© Copyright 2024 PrimeMLS. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2024-06-15T18:05:58.077.
www.livingvermont.com/homes/141495846
Print Image

38-40 Monroe Street Burlington, VT 05401

  • Price: $820,000
  • Status: Closed
  • On Site: 336 Days
  • Updated: 140 min ago
  • MLS #: 4961401
5
Beds
4
Baths
0
½ Baths
0.1
Acres
2,910
SQFT
$0
$/SQFT
1899
Built
County:
Chittenden
Area:
Burlington
Elementary School:
Assigned
Middle School:
Assigned
High School:
Burlington High School
School District:
Burlington School District
Property Description
Located just a few blocks from Church Street, this Queen Anne style 4-unit property "commands an excellent corner location" on Monroe Street, to quote Burlington historical records. This property has been maintained by the same family for decades and is ready for new owners to take over this great investment opportunity. Inside you'll find much of the vintage charm remains. Original wood trim and built-ins with updates mixed in, including newer wood windows, custom showers, updated plumbing, and major insulation improvements. With projected rents and many deferred maintenance projects already completed by the seller, this is a great opportunity to invest in a quality property. The entire first floor is a 2-bedroom unit, which could be a great option for owner-occupying. The second floor houses a 1-bedroom apartment as well as a studio, and the final 1-bedroom apartment sits on the third floor. A large clean basement provides tons of storage space along with laundry hook-ups. There is also a large 2-bay outbuilding in front of the 4 off-street parking spaces. Move in and have the majority of your mortgage covered, or rent it out with the tenants of your choice and add this great property to your portfolio. Located just a couple blocks from the Burlington Waterfront, Battery Park, and of course popular Church Street.
Exterior Features

Area Description Historic DistrictNear ShoppingNeighborhoodNear Public Transportatn Color Brick Construction Wood Frame Driveway Gravel Exterior Brick Veneer Exterior Features BalconyOutbuildingPorch - Covered Garage Type2 Other Has Garage Yes Lot Description City LotCorner Parking Parking Spaces 4 Road Frontage Yes Road Frontage Length 134 Roads PavedPublic Roof Slate Style Historic VintageMulti-Family

Interior Features

Basement Access Type Interior Basement Description Storage SpaceUnfinished Cooling None Flooring CarpetLaminateTileWood Foundation BrickStone Has Basement Yes Heating Hot WaterRadiator Total Heated Units 1 Total Ranges 4 Total Refrigerators 4 Total Water Heaters 4 Unit1 Approx Sq Ft 1164 Unit1 Baths 1 Unit2 Baths 1 Unit3 Baths 1 Unit4 Approx Sq Ft 582 Unit4 Baths 1 Water Heater Gas - Natural

Property Features

Auction No Construction Status Existing Electric Circuit Breaker(s) Electric Company Burlington Electric Flood Zone No Foreclosed / Bank Owned / REO No Fuel Company Vermont Gas Gross Income 56700 Heat Fuel Gas - Natural Possession At ClosingNegotiable Pre Construction No Seasonal No Separate Utilities Varies Sewer Public Tax Gross Amount 11146 Tax Year 2024 Taxes Tbd No Total Electric Meters 5 Total Gas Meters 5 Total Leases 1 Total1 Bed Units 3 Total2 Bed Units 1 Total3 Plus Bed Units 0 Unit1 Rental Amount 1600 Unit1 Tenant Pays ElectricHot WaterInternet Service Utilities Internet - CableInternet - Fiber Optic Water Public Zoning RH

Courtesy of Theadora Dernavich of Coldwell Banker Hickok and Boardman: .


© Copyright 2024 PrimeMLS. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2024-06-15T18:05:58.077.
 
https://bt-photos.global.ssl.fastly.net/nneren/orig_boomver_2_4961401-2.jpg https://bt-photos.global.ssl.fastly.net/nneren/orig_boomver_2_4961401-2.jpg https://bt-photos.global.ssl.fastly.net/nneren/orig_boomver_2_4961401-2.jpg
Logo
RE/MAX North Professionals
553 Roosevelt highway suite 200
Colchester VT, 05446