442 North Street Burlington, Vermont 05401 MLS# 5016770

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Under Contract Status

$775,000 List Price

Multi Type

5 Beds

4 Baths

2,047 Sqft

Listed By Lipkin Audette Team of Coldwell Banker Hickok & Boardman - (802) 846-8800

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Spacious Lot in Prime Location

Outstanding multi-family property on a spacious lot. Located in a prime upper North Street location in Burlington. This 4-unit building features a roomy studio, 2 one-bedroom units, and a large two-bedroom apartment. Recent upgrades include heating and electrical systems. Washer and dryer. Ample parking on site, plus a detached 4-car garage. Strong potential for rent increases. An excellent opportunity for both investors and owner-occupants!

Cooperation Fee - 2.5%

The Seller(s) of this property has authorized the Listing Agency/Agent to offer a Cooperation Fee or Seller Concession toward Buyers’ closing costs in the amount of 2.5% with accepted terms of an offer. This fee is offered to Buyer’s Agents and Broker’s Agents. This fee must be agreed to in writing within the terms of the Purchase & Sale Contract or in a fully executed Commission Allocation Agreement or Cooperation Agreement between the brokerage firms; and will be paid at closing.✱

Property Location

442 North Street Burlington

Property Details

Essentials

Contract Date Nov 17th, 2024
List Price 775,000	Bedrooms 5	Garage Size 4 Car
Cooperation Fee 2.5%	Total Bathrooms 4	Year Built 1910
MLS# 5016770	Lot Size 0.21 Acres	Taxes $14,042
Type Multi-Family	Days on Market 53 Days	Tax Year 2024
Units 4	Stories 1/2/1900	Road Frontage
Annual Income $58,620	Style	Water Frontage
Annual Expenses $0	Finished 2,047 Sqft	Construction No, Existing
Zoning RL	Above Grade 2,047 Sqft	Seasonal No
Total Rooms 5	Below Grade 0 Sqft	List Date Oct 1st, 2024

Expenses

Gross Income $58,620	Operating Expenses $0	Net Income $32,847

Expenses Includes

Unit Size & Rent

Unit 1 1 Beds, 1 Baths, $1,300/Monthly	Unit 2 2 Beds, 1 Baths, $1,715/Monthly
Unit 3 1 Beds, 1 Baths, $1,120/Monthly	Unit 4 1 Beds, 1 Baths, $750/Monthly

Building

Construction
BasementWalk-up, Unfinished
Interior Features
Exterior Features

Exterior	Disability Features
Foundation Brick, Stone	House Color White
Floors	Building Certifications
Roof Slate	HERS Index

Property

DirectionsProperty is on the corner of North Street and High Grove Court.
Lot Description, Corner
Garage & Parking Yes

Road Frontage	Water Access
Driveway Paved	Water Type
Flood Zone Unknown	Water Body
Zoning RL

Schools

School District Burlington School District	Middle
Elementary	High

Utilities

Heat Fuel	Excluded
Heating/Cool None, Hot Water	Negotiable
Sewer Public	Parcel Access ROW Yes
Water	ROW for Other Parcel
Water Heater	Financing
Cable Co	Documents
Electric Circuit Breaker	Tax ID 114-035-15662

✱ If you engage a brokerage firm to represent you in a real estate transaction, you are responsible for compensating the firm according to the terms of your brokerage service agreement. Compensation to be paid under a brokerage service agreement is solely and entirely a matter of negotiation between an agent and client and is in no way controlled, fixed, or pre-established. Historically, cooperation fees were published in the Multiple Listing Service (MLS) for each Listing. Recent changes to the rules, prohibit the publication of these fees in the MLS but allow the display on a brokerage's website for their Clients' listings.