24-28 Orchard Terrace Burlington, Vermont 05401 MLS# 4940387

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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
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Burlington

24-28 Orchard Terrace

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
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
Expenses Includes 
Unit 1   4 Beds, 1 Baths, $3,600/Monthly Unit 2   3 Beds, 1 Baths, $2,400/Monthly
Unit 3   1 Beds, 1 Baths, $1,600/Monthly Unit 4   4 Beds, 1 Baths, $3,400/Monthly
ConstructionWood Frame
BasementInterior, Unfinished, Finished
Interior Features
Exterior Features
Exterior  Wood, Clapboard Disability Features  
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.
Lot Description, City Lot
Garage & Parking  No, , , Off Street
Road Frontage  51 Water Access  
Driveway  Paved Water Type  
Flood Zone  Unknown Water Body  
Zoning  RH
School District  Burlington School District Middle  
Elementary   High  
Heat Fuel   Excluded  
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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