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Key opportunity to boost your investment portfolio! Fully occupied 5 Unit apartment building offering significant upside with existing 7.5+ Cap rate! Recent capital improvements include 6 newer high-efficiency boilers. A mix of 3 Bedroom and 2 Bedroom units with on-site coin op laundry, walk up large unfinished attic and ample parking. Well located near University of Vermont and Medical Center and the vibrant Winooski downtown.
Property Location
32 Grove Street Burlington
Property Details
Sold Price $620,000
Sold Date Dec 16th, 2019
List Price 625,000
Bedrooms 13
Garage Size Car
Cooperation Fee Unknown
Total Bathrooms 5
Year Built 1920
MLS# 4775102
Lot Size 0.17 Acres
Taxes $14,918
Type Multi-Family
Days on Market 1905 Days
Tax Year 2019
Units 5
Stories 1/2/1900
Road Frontage
Annual Income $84,192
Style Apartment Building
Water Frontage
Annual Expenses $0
Finished 5,332 Sqft
Construction No, Existing
Zoning RL
Above Grade 4,332 Sqft
Seasonal No
Total Rooms 13
Below Grade 1,000 Sqft
List Date Sep 6th, 2019
Gross Income $84,192
Operating Expenses $0
Net Income $47,297
Expenses Includes
Unit 1 2 Beds, 1 Baths, $1,340/Monthly
Unit 2 3 Beds, 1 Baths, $1,750/Monthly
Unit 3 3 Beds, 1 Baths, $1,610/Monthly
Unit 4 3 Beds, 1 Baths, $1,325/Monthly
Unit 5 2 Beds, 1 Baths, $950/Monthly
ConstructionWood Frame
BasementInterior, Partially Finished, Full
Interior Features
Exterior Features
Exterior Vinyl Siding
Disability Features
Foundation Stone
House Color White
Floors Vinyl, Carpet, Hardwood
Building Certifications
Roof Slate
HERS Index
DirectionsFrom Burlington, head North on Colchester Avenue, down the hill towards Winooski. Turn right on Chase Street before the bottom of the hill, then right again on Barrett Street and right once more on Grove Street. Property is on the left.
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