155 Plattsburg Avenue Burlington, Vermont 05401 MLS# 4127464

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Sold Status

$2,062,500 Sold Price

Multi Type

16 Beds

16 Baths

15,584 Sqft

Listed By Nancy Jenkins of Nancy Jenkins Real Estate
Sold By Cannizzaro Real Estate
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155 Plattsburg Avenue

Rare investment opportunity on 1.99 acres located in the New North End of Burlington. Existing 4-unit building with strong income stream plus new 2-bedroom, 1.5 bath ADA-accessible single-family and 8 new 2-bedroom duplex-style townhouses - for a total of 13 rental units. Newer units are part of Planned Unit Development. All new units are Energy Star rated, off-street parking, two units have garages under. Convenient location on bus line, near bike path, and minutes to Downtown via 127 Connector. †

Property Location

155 Plattsburg Avenue Burlington

Property Details

Sold Price  $2,062,500 Sold Date  Dec 27th, 2012
List Price  2,200,000 Bedrooms  16 Garage Size  2 Car
Cooperation Fee  Unknown Total Bathrooms  16 Year Built  2011
MLS#  4127464 Lot Size  2 Acres Taxes $34,768
Type  Multi-Family Days on Market  4682 Days Tax Year 2012
Units  13 Stories  2 Road Frontage  242
Annual Income  $207,216 Style  Other Water Frontage  
Annual Expenses  $43,850 Finished  15,584 Sqft Construction  No, New Construction
Zoning   Res Above Grade  15,584 Sqft Seasonal  No
Total Rooms  16 Below Grade  0 Sqft List Date  Jan 27th, 2012
Gross Income  $207,216 Operating Expenses  $43,850 Net Income  $0
Expenses Includes 
Unit 1   2 Beds, 2 Baths, 2,033 SqFt, $1,650/Monthly Unit 2   2 Beds, 2 Baths, 2,033 SqFt, $1,650/Monthly
Unit 3   2 Beds, 2 Baths, 1,100 SqFt, $1,500/Monthly Unit 4   2 Beds, 2 Baths, 1,175 SqFt, $1,500/Monthly
Unit 5   2 Beds, 2 Baths, 1,100 SqFt, $1,500/Monthly Unit 6   2 Beds, 2 Baths, 1,175 SqFt, $1,450/Monthly
Unit 7   2 Beds, 2 Baths, 1,160 SqFt, $1,450/Monthly Unit 8   2 Beds, 2 Baths, 1,160 SqFt, $1,500/Monthly
ConstructionWood Frame, Other
Basement, Slab, Full
Interior Features
Exterior Features
Exterior  Vinyl, Clapboard Disability Features  One-Level Home, 1st Floor Bedroom, 1st Floor Full Bathrm, Zero-Step Entry/Ramp, Kitchen w/5ft Diameter
Foundation  Concrete House Color  
Floors  Vinyl, Carpet, Hardwood Building Certifications  
Roof  Shingle-Asphalt, Shingle-Architectural HERS Index  
DirectionsFrom 127 Connector exit to Plattsburg Avenue, just after Venus Ave on left. From North Ave turn on Plattsburg Avenue on units are on the left before Venus Ave.
Lot Description, Trail/Near Trail, Cul-de-Sac, Near Bus/Shuttle
Garage & Parking  Yes, Other,
Road Frontage  242 Water Access  
Driveway  Paved Water Type  
Flood Zone  No Water Body  
Zoning  Res
School District  Burlington School District Middle  Lyman C. Hunt Middle School
Elementary  J. J. Flynn School High  Burlington High School
Heat Fuel   Excluded  
Heating/Cool  , Baseboard, Hot Water Negotiable  
Sewer  Public Parcel Access ROW  
Water  Public ROW for Other Parcel  
Water Heater  Gas-Natural Financing  , Conventional
Cable Co  Comcast Documents  Plot Plan, Certificate CC/CO, Deed, Other, Plot Plan
Electric  Other, Circuit Breaker Tax ID  0
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† The remarks published on this webpage originate from Listed By Nancy Jenkins of Nancy Jenkins Real Estate 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.