Sold Status
$1,450,000 Sold Price
Multi Type
12 Beds
4 Baths
3,398 Sqft
Listed By Lipkin Audette Team of Coldwell Banker Hickok & Boardman - (802) 846-8800
Sold By Lipkin Audette Team of Coldwell Banker Hickok and Boardman
Sold By Lipkin Audette Team of Coldwell Banker Hickok and Boardman
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Lipkin Audette
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Burlington
4-unit multi-family in prime student rental neighborhood with 12 bedrooms. Turn-key property with many recent improvements and leases in place. Excellent cash flow, strong financials, spacious apartments, on-site laundry, and off-street parking.
Property Location
24-28 Orchard Terrace Burlington
Property Details
Sold Price $1,450,000 | Sold Date Mar 15th, 2023 | |
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List Price 1,450,000 | Bedrooms 12 | Garage Size Car |
Cooperation Fee Unknown | Total Bathrooms 4 | Year Built 1899 |
MLS# 4940387 | Lot Size 0.12 Acres | Taxes $23,657 |
Type Multi-Family | Days on Market 682 Days | Tax Year 2022 |
Units 4 | Stories 3 | Road Frontage 51 |
Annual Income $132,600 | Style Multi-Family | Water Frontage |
Annual Expenses $0 | Finished 3,398 Sqft | Construction No, Existing |
Zoning RH | Above Grade 3,398 Sqft | Seasonal No |
Total Rooms 12 | Below Grade 0 Sqft | List Date Jan 9th, 2023 |
Gross Income $132,600 | Operating Expenses $0 | Net Income $94,423 |
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Expenses Includes |
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Unit 1 4 Beds, 1 Baths, $3,600/Monthly | Unit 2 3 Beds, 1 Baths, $2,400/Monthly |
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Unit 3 1 Beds, 1 Baths, $1,600/Monthly | Unit 4 4 Beds, 1 Baths, $3,400/Monthly |
ConstructionWood Frame |
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BasementInterior, Unfinished, Finished |
Interior Features |
Exterior Features |
Exterior Wood, Clapboard | Disability Features |
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Foundation Brick, Stone | House Color |
Floors | Building Certifications |
Roof Slate | HERS Index |
DirectionsSouth Willard Street onto Buell Street, right onto Orchard Terrace, property on right. |
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Lot Description, City Lot |
Garage & Parking No, , , Off Street |
Road Frontage 51 | Water Access |
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Driveway Paved | Water Type |
Flood Zone Unknown | Water Body |
Zoning RH |
School District Burlington School District | Middle |
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Elementary | High |
Heat Fuel | Excluded |
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Heating/Cool None, Hot Water | Negotiable |
Sewer Public | Parcel Access ROW |
Water Public | ROW for Other Parcel |
Water Heater Rented, Owned | Financing |
Cable Co | Documents |
Electric Circuit Breaker | Tax ID 114-035-15526 |
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