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Courtesy of Eric Lafayette of Burlington Realty: [IDXCONTACTINFORMATION].

62 Intervale Avenue

Burlington, VT 05401
  • $669,000
  • STATUS: Pending
  • ON SITE: 108 Days
  • MLS #: 4934274
Pending
UPDATED: 65 min ago
$669,000
  • 6
    BEDS
  • 0.14
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 2,080
    SQFT
  • $322
    $/SQFT
Type:
Multi-Family
Built:
1899
County:
Area:

School Ratings & Info

Description

PRICE REDUCED Now at 8% Projected Cap Rate! Amazing opportunity for investors to own this Burlington Duplex which is fully rented through May 2023 and offers a 7.1% cap rate at current rents. Two 3-bedroom/1-bathroom units with separate utilities, separate off-street parking, a shared backyard, and in-unit laundry make this easy to rent out. There is a 550-square-foot 2-story storage shed that is in excellent condition and is currently rented out for $200/month. The large backyard has a grill and picnic area and gardening space that tenants love. There are also two separate parking areas for each unit. The main house roof (EPDM) was replaced in 2009 and the shed roof was new in 2014. New fixtures, flooring, and appliances were installed throughout both units in 2018-2019. New in 2021 Bosch Greenstar boiler heating system for the upstairs unit. Natural light, lots of windows, and great layouts with extra living space make this an easy rental to great tenants

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© Copyright 2023 New England Real Estate Network, Inc. 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 NEREN. 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 2023-02-05T21:05:56.973.
www.livingvermont.com/homes/134100676
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62 Intervale Avenue Burlington, VT 05401

  • Price: $669,000
  • Status: Pending
  • On Site: 108 Days
  • Updated: 65 min ago
  • MLS #: 4934274
6
Beds
2
Baths
0
½ Baths
0.14
Acres
2,080
SQFT
$322
$/SQFT
1899
Built
County:
Chittenden
Area:
Burlington
Property Description
PRICE REDUCED Now at 8% Projected Cap Rate! Amazing opportunity for investors to own this Burlington Duplex which is fully rented through May 2023 and offers a 7.1% cap rate at current rents. Two 3-bedroom/1-bathroom units with separate utilities, separate off-street parking, a shared backyard, and in-unit laundry make this easy to rent out. There is a 550-square-foot 2-story storage shed that is in excellent condition and is currently rented out for $200/month. The large backyard has a grill and picnic area and gardening space that tenants love. There are also two separate parking areas for each unit. The main house roof (EPDM) was replaced in 2009 and the shed roof was new in 2014. New fixtures, flooring, and appliances were installed throughout both units in 2018-2019. New in 2021 Bosch Greenstar boiler heating system for the upstairs unit. Natural light, lots of windows, and great layouts with extra living space make this an easy rental to great tenants
Exterior Features

Construction Wood Frame Driveway Paved Exterior Aluminum Garage Type2 Detached Has Garage Yes Lot Description City Lot Road Frontage Yes Road Frontage Length 60 Roads Public Roof Flat Style Victorian

Interior Features

Basement Access Type Interior Basement Description Dirt Floor Cooling None Foundation Stone Has Basement Yes Heating Baseboard Total Heated Units 2 Total Ranges 2 Total Refrigerators 2 Total Water Heaters 2 Unit1 Approx Sq Ft 1000 Unit1 Baths 1 Unit2 Approx Sq Ft 1000 Unit2 Baths 1 Unit3 Baths 0 Water Heater Gas - Natural

Property Features

Construction Status Existing Electric Circuit Breaker(S) Flood Zone No Foreclosed / Bank Owned / REO No Gross Income 58200 Heat Fuel Gas - Natural Pre Construction No Seasonal No Sewer Public Tax Gross Amount 7702.52 Tax Year 2023 Taxes Tbd No Total Electric Meters 2 Total Gas Meters 2 Total1 Bed Units 0 Total2 Bed Units 0 Total3 Plus Bed Units 2 Unit1 Info DeckDryerWasher Unit1 Rental Amount 2500 Unit1 Tenant Pays ElectricHeatHot WaterInternet Service Unit2 Info DeckDryerWasher Unit2 Rental Amount 2400 Unit2 Tenant Pays ElectricHeatHot WaterInternet Service Unit3 Rental Amount 200 Utilities Cable Water Public Zoning Residential

Courtesy of Eric Lafayette of Burlington Realty: [IDXCONTACTINFORMATION].


© Copyright 2023 New England Real Estate Network, Inc. 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 NEREN. 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 2023-02-05T21:05:56.973.
 
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