124 North Avenue Burlington, Vermont 05401 MLS# 4897463

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Sold Status

$515,000 Sold Price

Multi Type

5 Beds

2 Baths

2,427 Sqft

Listed By Mikail Stein of RE/MAX North Professionals
Sold By Brian M. Boardman of Coldwell Banker Hickok and Boardman
✉ 🖶

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124 North Avenue

Only blocks from Burlington's Church Street and steps from Lake Champlain this Duplex could not be in a better location! With many recent updates, including updated kitchen, replaced windows, flooring, paint, and more you can move right in. The first floor unit has 2 bedrooms and 1 bath and is over 1000sqft, the second floor unit is 3 bedrooms but could potentially be 4 bedrooms, with 940 sqft not including the additional 940 sqft in the half (470 sqft) finished one of a kind open attic with views of the lake, totaling over 1800sqft. This duplex is currently operating at a 7.28% CAP and can easily be brought up to 7.56% CAP or higher! The utilities are separate. There's plenty of parking in the long driveway and a nice fenced in yard in the back. †

Property Location

124 North Avenue Burlington

Property Details

Sold Price  $515,000 Sold Date  Jul 13th, 2022
List Price  525,000 Bedrooms  5 Garage Size   Car
Cooperation Fee  Unknown Total Bathrooms  2 Year Built  1905
MLS#  4897463 Lot Size  0.11 Acres Taxes $10,523
Type  Multi-Family Days on Market  1016 Days Tax Year 2022
Units  2 Stories  3 Road Frontage  
Annual Income  $56,400 Style  Duplex Water Frontage  
Annual Expenses  $0 Finished  2,427 Sqft Construction  No, Existing
Zoning   residential Above Grade  2,427 Sqft Seasonal  No
Total Rooms  5 Below Grade  0 Sqft List Date  Feb 9th, 2022
Gross Income  $56,400 Operating Expenses  $0 Net Income  $40,662
Expenses Includes 
Unit 1   2 Beds, 1 Baths, 1,094 SqFt, $1,900/Monthly Unit 2   3 Beds, 1 Baths, 1,880 SqFt, $2,550/Other
ConstructionOther
BasementInterior, Interior Stairs, Bulkhead
Interior Features
Exterior Features
Exterior  Wood, Vinyl Disability Features  
Foundation  Other, Other House Color  
Floors  Vinyl, Carpet, Other, Laminate Building Certifications  
Roof  Slate HERS Index  
DirectionsNorth on North Ave, pass North Street, House on the right prior to Strong Street.
Lot DescriptionUnknown, City Lot
Garage & Parking  No, , , Assigned, 4 Parking Spaces, Parking Spaces 4
Road Frontage   Water Access  
Driveway  Concrete Water Type  Lake
Flood Zone  Unknown Water Body  
Zoning  residential
School District  NA Middle  
Elementary   High  
Heat Fuel   Excluded  
Heating/Cool  None, Hot Air Negotiable  
Sewer  Public Parcel Access ROW  
Water  Public ROW for Other Parcel  
Water Heater  Separate, Owned Financing  
Cable Co  Comcast Documents  
Electric  Circuit Breaker Tax ID  114-035-14322
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† The remarks published on this webpage originate from Listed By Mikail Stein of RE/MAX North Professionals via the PrimeMLS IDX Program and do not represent the views and opinions of Coldwell Banker Hickok & Boardman. Coldwell Banker Hickok & Boardman cannot be held responsible for possible violations of copyright resulting from the posting of any data from the PrimeMLS IDX Program.