156 Park Street Burlington, Vermont 05401 MLS# 4334434

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Sold Status

$425,500 Sold Price

Multi Type

4 Beds

4 Baths

1,920 Sqft

Listed By Curtis Trousdale of Preferred Properties - Off: 802-862-9106
Sold By Kell and Company

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Outstanding 4-plex Investment Unit located in a prime Burlington downtown area. Fully rented with tenants paying gas & electric; landlord pays water/sewer & trash. 4 off-street parking spaces. (3) one bedroom apartments and (1) studio apartment make rentals easy. Building has been wonderfully maintained and updated including siding/paint, windows, apartment cosmetics, heating and hot water systems. Strong numbers with likely room for improvement. Current on all state and city compliances. A very solid Burlington investment that will not last long. †

Property Location

156 Park Street Burlington

Property Details

Essentials

Sold Price $425,500		Sold Date Mar 31st, 2014
List Price 425,000	Bedrooms 4	Garage Size 0 Car
Cooperation Fee Unknown	Total Bathrooms 4	Year Built 1899
MLS# 4334434	Lot Size 0.05 Acres	Taxes $7,356
Type Multi-Family	Days on Market 3949 Days	Tax Year 2014
Units 4	Stories 1/2/1900	Road Frontage 120
Annual Income $37,836	Style Other	Water Frontage
Annual Expenses $16,111	Finished 1,920 Sqft	Construction No, Existing
Zoning Res - Med Den	Above Grade 1,920 Sqft	Seasonal No
Total Rooms 4	Below Grade 0 Sqft	List Date Jan 29th, 2014

Expenses

Gross Income $37,836	Operating Expenses $16,111	Net Income $0

Expenses Includes

Unit Size & Rent

Unit 1 1 Beds, 1 Baths, $0/Mo	Unit 2 1 Beds, 1 Baths, $0/Mo
Unit 3 1 Beds, 1 Baths, $0/Mo	Unit 4 1 Beds, 1 Baths, $0/Mo

Building

ConstructionWood Frame
Basement, No Tenant Access, Interior Stairs, Full
Interior Features
Exterior Features

Exterior Clapboard	Disability Features
Foundation Stone	House Color Olive
Floors Tile, Vinyl, Laminate, Hardwood	Building Certifications
Roof Slate	HERS Index

Property

DirectionsPearl Street to N. Champlain Street, left on Poplar Street, left on Park Street. Corner of Myrtle and Park Streets. No sign. Olive Building.
Lot Description, Near Bus/Shuttle
Garage & Parking No, Off Street, 4 Parking Spaces

Road Frontage 120	Water Access
Driveway Gravel	Water Type
Flood Zone Unknown	Water Body
Zoning Res - Med Den

Schools

School District Burlington School District	Middle Lyman C. Hunt Middle School
Elementary Choice	High Burlington High School

Utilities

Heat Fuel	Excluded
Heating/Cool Wall AC Units, Wall Units, Vented Gas Heater	Negotiable
Sewer Public	Parcel Access ROW No
Water Public	ROW for Other Parcel No
Water Heater Gas-Natural, Rented	Financing , Conventional
Cable Co BT	Documents Other, Lease Agreements, Deed
Electric Circuit Breaker	Tax ID 114-035-14

† The remarks published on this webpage originate from Listed By Curtis Trousdale of Preferred Properties - Off: 802-862-9106 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.