351-353 South Winooski Burlington, Vermont 05408 MLS# 4243564

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Sold Status

$380,000 Sold Price

Multi Type

6 Beds

3 Baths

3,511 Sqft

Listed By Matt Hurlburt of RE/MAX North Professionals
Sold By Greg Clairmont and Associates .

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Nice building in a fantastic downtown location. Year leases until 2014 on all units. Sufficient parking, plus older 2 car detached garage. 2 currently occupied units are under market rent for long term tenants - see Income and Expense sheet for projections. Tenants pay utilities, 1 and 3 bedroom units are VT Gas, 2 bedroom unit is electric heat. Minimum Housing and Burlington Fire Marshal inspections complete, and punch lists are in the process of being completed for certificates. BEL Time of Sale certificate has been issued. EMP is in process of being filed. Permits in process for egress windows and new shingle roof on pitched roof areas. Flat roof areas replaced in 2011. †

Property Location

351-353 South Winooski Burlington

Property Details

Essentials

Sold Price $380,000		Sold Date Aug 15th, 2013
List Price 395,000	Bedrooms 6	Garage Size 2 Car
Cooperation Fee Unknown	Total Bathrooms 3	Year Built 1937
MLS# 4243564	Lot Size 0.15 Acres	Taxes $9,580
Type Multi-Family	Days on Market 4188 Days	Tax Year
Units 3	Stories 2	Road Frontage 25
Annual Income $36,000	Style Other	Water Frontage
Annual Expenses $13,043	Finished 3,511 Sqft	Construction No, Existing
Zoning RM	Above Grade 2,186 Sqft	Seasonal No
Total Rooms 6	Below Grade 1,325 Sqft	List Date Jun 4th, 2013

Expenses

Gross Income $36,000	Operating Expenses $13,043	Net Income $0

Expenses Includes

Unit Size & Rent

Unit 1 2 Beds, 1 Baths, 930 SqFt, $900/Monthly	Unit 2 3 Beds, 1 Baths, 1,256 SqFt, $1,300/Monthly
Unit 3 1 Beds, 1 Baths, 1,325 SqFt, $800/Monthly

Building

ConstructionWood Frame
Basement, Partially Finished
Interior Features
Exterior Features

Exterior Wood, Stone	Disability Features
Foundation Concrete	House Color
Floors Vinyl, Carpet, Hardwood	Building Certifications
Roof Shingle-Other	HERS Index

Property

DirectionsFrom intersection of Main Street and So. Winooski Ave, south on So. Winooski Ave, cross intersection with Spruce St to third drive on right.
Lot Description, City Lot, Near Bus/Shuttle
Garage & Parking Yes, , , On Street, Unassigned, Off Street, Garage

Road Frontage 25	Water Access
Driveway Paved	Water Type
Flood Zone No	Water Body
Zoning RM

Schools

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

Utilities

Heat Fuel	Excluded
Heating/Cool , Hot Air	Negotiable
Sewer Public	Parcel Access ROW
Water Public	ROW for Other Parcel
Water Heater Owned	Financing , Conventional
Cable Co	Documents Deed
Electric Circuit Breaker	Tax ID 114-035-17718

† The remarks published on this webpage originate from Listed By Matt Hurlburt of RE/MAX North Professionals 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.