331 Flynn Avenue Burlington, Vermont 05401 MLS# 4824966

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Sold Status

$420,000 Sold Price

Multi Type

5 Beds

2 Baths

2,125 Sqft

Listed By Jonathon Templeton of KW Vermont
Sold By Sarah Harrington of Coldwell Banker Hickok and Boardman
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Burlington

331 Flynn Avenue

If you've been looking for the perfect investment opportunity, you've finally found it! This low maintenance duplex has excellent rental history, is fully occupied and provides tons of great features such as separate entrances, in unit laundry, private back decks and a fenced backyard as well as parking! Unit 1 is a 3 bed, 1 bath with many updates and a large kitchen and dining space. Two bedrooms are located on the first floor with the main living space and the third bedroom is on the second floor. Upstairs, Unit 2 is a 2 bed, 1 bath with an updated kitchen and nicely sized bedrooms. Heat and hot water are included and tenants pay electricity. The basement provides extra storage as well as houses the utilities. You'll never have trouble finding tenants with this prime Burlington location! City Market and the perks of Pine Street breweries and restaurants all within walking distance, a quick bike ride to things like Red Rocks Park or Oakledge and only a few minutes drive into downtown Burlington or to interstate access. With an already great cap rate and room to increase rents, this duplex is the perfect investment to add to your portfolio!

Property Location

331 Flynn Avenue Burlington

Property Details

Sold Price  $420,000 Sold Date  Oct 16th, 2020
List Price  420,000 Bedrooms  5 Garage Size   Car
Cooperation Fee  Unknown Total Bathrooms  2 Year Built  1899
MLS#  4824966 Lot Size  0.17 Acres Taxes $7,897
Type  Multi-Family Days on Market  1548 Days Tax Year 20
Units  2 Stories  2 Road Frontage  50
Annual Income  $38,400 Style  Duplex Water Frontage  
Annual Expenses  $0 Finished  2,125 Sqft Construction  No, Existing
Zoning   R2 Above Grade  2,125 Sqft Seasonal  No
Total Rooms  5 Below Grade  0 Sqft List Date  Aug 26th, 2020
Gross Income  $38,400 Operating Expenses  $0 Net Income  $25,563
Expenses Includes 
Unit 1   3 Beds, 1 Baths, 1,077 SqFt, $1,850/Monthly Unit 2   2 Beds, 1 Baths, 1,055 SqFt, $1,350/Monthly
ConstructionWood Frame
BasementInterior, Unfinished, Storage Space, Exterior Stairs, Exterior Access
Interior Features
Exterior Features
Exterior  Vinyl Siding Disability Features  
Foundation  Stone, Concrete House Color  Green
Floors  Tile, Carpet, Laminate, Hardwood Building Certifications  
Roof  Shingle-Architectural HERS Index  
DirectionsFrom I-89 continue veer right onto Shelburne Road. At second traffic light, turn left onto Flynn Avenue. Continue straight, property will be on your left before the light.
Lot Description, City Lot, Level, Level, Open, Sidewalks, Street Lights, Near Bus/Shuttle
Garage & Parking  No, , , Driveway
Road Frontage  50 Water Access  
Driveway  Paved Water Type  
Flood Zone  No Water Body  
Zoning  R2
School District  Burlington School District Middle  Edmunds Middle School
Elementary  Assigned High  Burlington High School
Heat Fuel   Excluded  
Heating/Cool  None, Baseboard Negotiable  
Sewer  Public Parcel Access ROW  
Water  Public ROW for Other Parcel  
Water Heater  On Demand Financing  
Cable Co  Burl. Telecom/Xfinity Documents  Property Disclosure, Deed
Electric  100 Amp, Circuit Breaker Tax ID  114-035-19814
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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.