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Prime 7-unit Burlington apartment building well-located at 16-18 Loomis St. Tenants pay separate utilities, strong upside on rents. Large lot with ample parking. Near UVM and Downtown.
Property Location
16-18 Loomis Street Burlington
Property Details
Sold Price $1,100,000
Sold Date Sep 27th, 2023
List Price 1,175,000
Bedrooms 7
Garage Size Car
Cooperation Fee Unknown
Total Bathrooms 7
Year Built 1920
MLS# 4962757
Lot Size 0.17 Acres
Taxes $15,293
Type Multi-Family
Days on Market 485 Days
Tax Year 2023
Units 7
Stories 2
Road Frontage 64
Annual Income $75,300
Style Multi-Family
Water Frontage
Annual Expenses $0
Finished 3,531 Sqft
Construction No, Existing
Zoning RM
Above Grade 3,531 Sqft
Seasonal No
Total Rooms 7
Below Grade 0 Sqft
List Date Jul 25th, 2023
Gross Income $75,300
Operating Expenses $0
Net Income $45,617
Expenses Includes
Unit 1 1 Beds, 1 Baths, $875/Monthly
Unit 2 1 Beds, 1 Baths, $1,000/Monthly
Unit 3 1 Beds, 1 Baths, $800/Monthly
Unit 4 1 Beds, 1 Baths, $900/Monthly
Unit 5 1 Beds, 1 Baths, $900/Monthly
Unit 6 1 Beds, 1 Baths, $900/Monthly
Unit 7 1 Beds, 1 Baths, $900/Monthly
ConstructionWood Frame
BasementWalk-up, Unfinished
Interior Features
Exterior Features
Exterior Vinyl, Clapboard
Disability Features
Foundation Brick, Stone
House Color
Floors
Building Certifications
Roof Shingle-Asphalt
HERS Index
DirectionsRight off of North Union onto Loomis Street. Property is second on your left.
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