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Premier 5 Unit Apartment building in Burlington's best location! Steps to campus, hospital and only minutes to downtown. Notably well maintained, spacious apartments with hardwood floors and numerous built-ins. Great tenants, fully rented, separate utilities, strong financials.
Property Location
161-163 South Prospect Street Burlington
Property Details
Sold Price $695,000
Sold Date Jan 25th, 2013
List Price 675,000
Bedrooms 8
Garage Size 1 Car
Cooperation Fee Unknown
Total Bathrooms 5
Year Built 1899
MLS# 4197288
Lot Size 0.1 Acres
Taxes $13,448
Type Multi-Family
Days on Market 4392 Days
Tax Year 11-12
Units 5
Stories 3
Road Frontage 50
Annual Income $0
Style Other
Water Frontage
Annual Expenses $13,954
Finished 3,641 Sqft
Construction No, Existing
Zoning RL
Above Grade 2,952 Sqft
Seasonal No
Total Rooms 8
Below Grade 689 Sqft
List Date Nov 12th, 2012
Gross Income $0
Operating Expenses $13,954
Net Income $56,400
Expenses Includes
Unit 1 2 Beds, 1 Baths, $1,250/Mo
Unit 2 2 Beds, 1 Baths, $1,300/Mo
Unit 3 2 Beds, 1 Baths, $1,050/Mo
Unit 4 1 Beds, 1 Baths, $550/Mo
Unit 5 1 Beds, 1 Baths, $0/Mo
ConstructionWood Frame
BasementPartially Finished, Full
Interior Features
Exterior Features
Exterior Wood
Disability Features
Foundation Stone
House Color White
Floors Hardwood
Building Certifications
Roof Slate
HERS Index
DirectionsHead East on Maple Street to top of the hill. Left on South Prospect - property on left just before Main Street.
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