18-20 Isham Burlington, Vermont 05401 MLS# 4505453

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Sold Status

$487,500 Sold Price

Multi Type

7 Beds

2 Baths

2,434 Sqft

Listed By Jonathon Templeton of KW Vermont
Sold By Steve Lipkin of Coldwell Banker Hickok and Boardman
✉ 🖶

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18-20 Isham

Great opportunity to own two-unit with excellent cap rate in desired downtown location! Downstairs three bedroom, one bath unit has recently refinished wood floors and newer carpeting as well as a newly remodeled kitchen. Upstairs four bedroom, one bath unit is split between two levels with two bedrooms on the second floor and two bedrooms on the third. Large kitchen with separate dining room and oversized living area make this unit very desirable. Both units have front and back porches as well as share the driveway and parking areas. Shared access to basement area for storage with potential to add coin-operated laundry if desired. Current tenants in place until late May 2017. Tenants pay all utilities except for water, sewer and rubbish removal. †

Property Location

18-20 Isham Burlington

Property Details

Sold Price  $487,500 Sold Date  Nov 21st, 2016
List Price  499,000 Bedrooms  7 Garage Size  0 Car
Cooperation Fee  Unknown Total Bathrooms  2 Year Built  1908
MLS#  4505453 Lot Size  0.09 Acres Taxes $7,360
Type  Multi-Family Days on Market  3046 Days Tax Year 2016
Units  2 Stories  1/2/1900 Road Frontage  42
Annual Income  $52,500 Style  Duplex Water Frontage  
Annual Expenses  $11,262 Finished  2,434 Sqft Construction  No, Existing
Zoning   RM Above Grade  2,434 Sqft Seasonal  No
Total Rooms  7 Below Grade  0 Sqft List Date  Jul 20th, 2016
Gross Income  $52,500 Operating Expenses  $11,262 Net Income  $0
Expenses Includes 
Unit 1   4 Beds, 1 Baths, $2,500/Monthly Unit 2   3 Beds, 1 Baths, $1,875/Monthly
ConstructionWood Frame
BasementInterior, Interior Stairs, Full
Interior Features
Exterior Features
Exterior  Aluminum, Vinyl Disability Features  
Foundation  Stone House Color  
Floors   Building Certifications  
Roof  Slate HERS Index  
DirectionsFrom Pearl Street turn onto Green St, turn right onto Hickok Place which turns into Isham Street property will be on your right look for sign.
Lot Description, City Lot, Near Bus/Shuttle
Garage & Parking  No, ,
Road Frontage  42 Water Access  
Driveway  Paved, Crushed Stone Water Type  
Flood Zone  No Water Body  
Zoning  RM
School District  Burlington School District Middle  
Elementary   High  Burlington High School
Heat Fuel   Excluded  
Heating/Cool  Other, Hot Air Negotiable  
Sewer  Public Parcel Access ROW  
Water  Public ROW for Other Parcel  Yes
Water Heater  Electric, Owned Financing  
Cable Co   Documents  Deed
Electric  100 Amp Tax ID  114-035-16080
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† The remarks published on this webpage originate from Listed By Jonathon Templeton of KW Vermont 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.