42/46 North Prospect Street Burlington, Vermont 05401 MLS# 4783156

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Sold Status

$1,850,000 Sold Price

Multi Type

0 Beds

0 Baths

7,072 Sqft

Listed By Robert Foley of Flat Fee Real Estate
Sold By Lipkin Audette Team of Coldwell Banker Hickok and Boardman
✉ 🖶

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42/46 North Prospect Street

Excellent investment opportunity in one of Burlington’s most desirable areas. Tenants' love the convenience of being a short walk to University, Medical Center, and downtown Burlington. Two apartment buildings with a total of 17 units; all of which are 1 bedroom or studio apartments. Capital improvements throughout and many of the units have seen updates over the past few years. This property is desired by mostly graduate students, professionals and young couples. Off street-parking, coin-op laundry room and basement storage all on site. Easy to rent, manage and maintain. Group open house on 10/30, 4-6 PM please register with LA. †

Property Location

42/46 North Prospect Street Burlington

Property Details

Sold Price  $1,850,000 Sold Date  Jan 17th, 2020
List Price  1,750,000 Bedrooms  0 Garage Size   Car
Cooperation Fee  Unknown Total Bathrooms  0 Year Built  1900
MLS#  4783156 Lot Size  0.39 Acres Taxes $37,147
Type  Multi-Family Days on Market  1852 Days Tax Year 2019
Units  17 Stories  3 Road Frontage  
Annual Income  $198,600 Style  Apartment Building Water Frontage  
Annual Expenses  $0 Finished  7,072 Sqft Construction  No, Existing
Zoning   Residential Above Grade  7,072 Sqft Seasonal  No
Total Rooms  0 Below Grade  0 Sqft List Date  Oct 27th, 2019
Gross Income  $198,600 Operating Expenses  $0 Net Income  $123,150
Expenses Includes 
ConstructionOther
BasementWalk-up, Storage Space, Unfinished, Bulkhead, Gravel, Full, Unfinished
Interior Features
Exterior Features
Exterior  Brick, Vinyl Siding Disability Features  
Foundation  Stone House Color  White
Floors   Building Certifications  
Roof  Shingle-Asphalt, Shingle-Architectural HERS Index  
Directions
Lot Description, Level, City Lot, Landscaped, Sidewalks, Street Lights
Garage & Parking  No, ,
Road Frontage   Water Access  
Driveway  Paved Water Type  
Flood Zone  No Water Body  
Zoning  Residential
School District  NA Middle  
Elementary   High  
Heat Fuel   Excluded  
Heating/Cool  None, Electric, Hot Air, Wall Furnace Negotiable  
Sewer  Public Parcel Access ROW  
Water  Public ROW for Other Parcel  
Water Heater  Gas-Natural Financing  
Cable Co   Documents  
Electric  Circuit Breaker Tax ID  114-035-16402
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† The remarks published on this webpage originate from Listed By Robert Foley 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.