21 Lafayette Place Burlington, Vermont 05401 MLS# 4766411

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Sold Status

$628,000 Sold Price

Multi Type

6 Beds

4 Baths

3,635 Sqft

Listed By Geri Reilly of Geri Reilly Real Estate
Sold By Geri Reilly Real Estate

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Burlington

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Don't miss out on this great opportunity to invest in Burlington! Perfect for owner-occupied or rental units. Well maintained 4-unit building in superior downtown Burlington location. Hardwood floors throughout, separate utilities, spacious sunny rooms, easy rentals. Off-street parking. Detached 2 story storage barn has additional revenue-generating potential. Full functional basement with both interior and hatchway access with coin-op washer and dryer. Enjoy being within walking distance to Church St Marketplace & waterfront park, enjoying restaurants, music, Flynn theater all a stone's throw away! Minutes to UVM Campus & UVM Medical Center. Showings to begin Tuesday, July 30th. †

Property Location

21 Lafayette Place Burlington

Property Details

Essentials

Sold Price $628,000		Sold Date Oct 3rd, 2019
List Price 615,000	Bedrooms 6	Garage Size 2 Car
Cooperation Fee Unknown	Total Bathrooms 4	Year Built 1880
MLS# 4766411	Lot Size 0.13 Acres	Taxes $12,606
Type Multi-Family	Days on Market 1948 Days	Tax Year 2019
Units 4	Stories 3	Road Frontage 45
Annual Income $53,520	Style Apartment Building, Multi-Family	Water Frontage
Annual Expenses $0	Finished 3,635 Sqft	Construction No, Existing
Zoning RH	Above Grade 3,635 Sqft	Seasonal No
Total Rooms 6	Below Grade 0 Sqft	List Date Jul 23rd, 2019

Expenses

Gross Income $53,520	Operating Expenses $0	Net Income $34,818

Expenses Includes

Unit Size & Rent

Unit 1 2 Beds, 1 Baths, $1,277/Monthly	Unit 2 2 Beds, 1 Baths, $1,463/Monthly
Unit 3 1 Beds, 1 Baths, $716/Monthly	Unit 4 1 Beds, 1 Baths, $1,004/Monthly

Building

ConstructionWood Frame
BasementInterior, Interior Stairs, Unfinished, Full, Exterior Stairs
Interior Features
Exterior Features

Exterior Wood	Disability Features
Foundation Block	House Color Yellow
Floors Hardwood	Building Certifications
Roof Shingle	HERS Index

Property

DirectionsFrom Pearl St, Right on Lafayette Place. Building on Left.
Lot Description, City Lot, Street Lights, Near Bus/Shuttle
Garage & Parking Yes, , , On Street, Garage, On Street

Road Frontage 45	Water Access
Driveway Gravel	Water Type
Flood Zone No	Water Body
Zoning RH

Schools

School District Burlington School District	Middle Edmunds Middle School
Elementary Edmunds Elementary School	High Burlington High School

Utilities

Heat Fuel	Excluded
Heating/Cool None, Baseboard, Hot Water	Negotiable
Sewer Public	Parcel Access ROW
Water Public	ROW for Other Parcel
Water Heater Tank, Gas-Natural	Financing
Cable Co Burlington Telecom	Documents Deed
Electric Circuit Breaker, 200 Amp	Tax ID 114-035-15408

† The remarks published on this webpage originate from Listed By Geri Reilly of Geri Reilly 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.