40 University Terrace Burlington, Vermont 05401 MLS# 4495656

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Sold Status

$563,000 Sold Price

Multi Type

4 Beds

4 Baths

2,507 Sqft

Listed By Jeffrey Amato of Flat Fee Real Estate
Sold By Steve Lipkin of Coldwell Banker Hickok and Boardman
✉ 🖶

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40 University Terrace

Excellent location near UVM and downtown Burlington. Ideal rental location with 4 one bedroom apartments. Amenities include one off street parking space per unit, coin op laundry, hardwood floors, tenant storage and even has a common area gardening space. Building has been meticulously cared for over the years and it shows as very easy to rent. †

Property Location

40 University Terrace Burlington

Property Details

Sold Price  $563,000 Sold Date  Jul 22nd, 2016
List Price  546,000 Bedrooms  4 Garage Size  0 Car
Cooperation Fee  Unknown Total Bathrooms  4 Year Built  1930
MLS#  4495656 Lot Size  0.17 Acres Taxes $9,236
Type  Multi-Family Days on Market  3091 Days Tax Year 15/16
Units  4 Stories  3 Road Frontage  50
Annual Income  $0 Style  Converted Water Frontage  
Annual Expenses  $16,404 Finished  2,507 Sqft Construction  No, Existing
Zoning   Residential Above Grade  2,507 Sqft Seasonal  No
Total Rooms  4 Below Grade  0 Sqft List Date  Jun 5th, 2016
Gross Income  $0 Operating Expenses  $16,404 Net Income  $59,100
Expenses Includes 
Unit 1   1 Beds, 1 Baths, $1,250/Mo Unit 2   1 Beds, 1 Baths, $1,250/Mo
Unit 3   1 Beds, 1 Baths, $1,125/Mo Unit 4   1 Beds, 1 Baths, $1,300/Mo
ConstructionOther
BasementInterior Stairs, Full, Storage Space, Concrete, Exterior Stairs
Interior Features
Exterior Features
Exterior  Vinyl Disability Features  
Foundation  Block, Concrete House Color  
Floors   Building Certifications  
Roof  Shingle-Asphalt HERS Index  
DirectionsFrom 89, head towards downtown Burlington. Turn left onto University Terrace and the property is roughly half way down the street on your left.
Lot DescriptionCity Lot, Cul-de-Sac
Garage & Parking  No, On Site, 4 Parking Spaces
Road Frontage  50 Water Access  
Driveway  Crushed Stone, Dirt Water Type  
Flood Zone  No Water Body  
Zoning  Residential
School District  Burlington School District Middle  
Elementary   High  
Heat Fuel  Gas-Natural Excluded  
Heating/Cool  Vented Gas Heater Negotiable  
Sewer  Public Parcel Access ROW  
Water  Public ROW for Other Parcel  
Water Heater  Gas-Lp/Bottle, Rented Financing  All Financing Options
Cable Co   Documents  
Electric  Circuit Breaker Tax ID  114-035-18125
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† The remarks published on this webpage originate from Listed By Jeffrey Amato of Flat Fee Real Estate 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.