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Incredible investment opportunity to own a slice of Burlington with 3 buildings on a large corner lot in a great neighborhood sandwiched between the UVM Medical Center, colleges and the Old North End. The 4-unit apartment building offers four 2-bedroom, 1 bath units all with their own laundry, private covered porches and either attic or basement storage. The neighboring Victorian house features 3 levels of living space including 4 bedrooms, 3 baths, and multiple bonus rooms - perfect for in-home office space or storage. Tenants love the chef’s kitchen with a 6-burner gas stove, butcher block counters and granite breakfast bar. Beautiful Douglas Fir flooring and woodwork throughout. The owner’s suite on the 2nd floor offers a private dressing room and an en-suite bath with tiled shower and separate soaking tub. Although rented for many years, this charming single-family house would make a great owner-occupied home when the tenant’s lease expires. Plenty of parking throughout for both buildings and separate yard space for each as well. And don’t forget the 2- story barn in the back – currently rented as a workshop – lots of potential with this extra building. Plus easy access to I-89, Downtown Burlington, Church Street Marketplace and the waterfront.
Property Location
120-132 North Willard Street Burlington
Property Details
Sold Price $1,400,000
Sold Date Aug 31st, 2021
List Price 1,450,000
Bedrooms 12
Garage Size Car
Cooperation Fee Unknown
Total Bathrooms 7
Year Built 1896
MLS# 4839746
Lot Size 0.38 Acres
Taxes $27,125
Type Multi-Family
Days on Market 1452 Days
Tax Year 2020
Units 5
Stories 2
Road Frontage
Annual Income $121,200
Style Apartment Building, Multi-Family, Victorian
Water Frontage
Annual Expenses $0
Finished 5,174 Sqft
Construction No, Existing
Zoning Residential Low Density
Above Grade 5,174 Sqft
Seasonal No
Total Rooms 12
Below Grade 0 Sqft
List Date Nov 23rd, 2020
Gross Income $121,200
Operating Expenses $0
Net Income $81,066
Expenses Includes
Unit 1 4 Beds, 3 Baths, 2,358 SqFt, $3,500/Monthly
Unit 2 2 Beds, 1 Baths, 704 SqFt, $1,575/Monthly
Unit 3 2 Beds, 1 Baths, 704 SqFt, $1,550/Monthly
Unit 4 2 Beds, 1 Baths, 704 SqFt, $1,550/Monthly
Unit 5 2 Beds, 1 Baths, 704 SqFt, $1,575/Monthly
ConstructionWood Frame
BasementInterior, Unfinished
Interior Features
Exterior Features
Exterior Wood
Disability Features
Foundation Brick, Stone
House Color
Floors Hardwood
Building Certifications
Roof Slate
HERS Index
DirectionsFrom Main Street, take North Willard Street. Property on right between Henry Street & North Street.