502-510 South Willard Street Burlington, Vermont 05401 MLS# 4765917

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Sold Status

$1,200,000 Sold Price

Multi Type

11 Beds

10 Baths

4,048 Sqft

Listed By of Coldwell Banker Hickok & Boardman -
Sold By Steinmetz
✉ 🖶

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502-510 South Willard Street

Don’t miss your chance to take advantage of the lucrative Burlington rental market. This 4 building, 8 unit property is filled with potential, whether you’re looking for an owner-occupied rental, to develop, or to add to your investment portfolio. These 8 units provide an opportunity for a wide variety of renters as well as a consistent stream of income for their new owner. This property is located in the desirable hill section of Burlington and offers plenty of unique character which is complimented by its lake views. Situated on nearly 2 acres, this well landscaped compound provides a secluded feel while having the convenience of being in close proximity to colleges and all Burlington has to offer! Owner is a licensed Realtor

Property Location

502-510 South Willard Street Burlington

Property Details

Sold Price  $1,200,000 Sold Date  Oct 18th, 2019
List Price  1,299,000 Bedrooms  11 Garage Size   Car
Cooperation Fee  Unknown Total Bathrooms  10 Year Built  1903
MLS#  4765917 Lot Size  1.95 Acres Taxes $30,539
Type  Multi-Family Days on Market  1952 Days Tax Year 2019
Units  8 Stories  1/2/1900 Road Frontage  
Annual Income  $120,600 Style  Multi-Family Water Frontage  
Annual Expenses  $0 Finished  4,048 Sqft Construction  No, Existing
Zoning   RA Above Grade  4,048 Sqft Seasonal  No
Total Rooms  11 Below Grade  0 Sqft List Date  Jul 19th, 2019
Gross Income  $120,600 Operating Expenses  $0 Net Income  $0
Expenses Includes 
Unit 1   1 Beds, 1 Baths, $875/Monthly Unit 2   1 Beds, 1 Baths, $710/Monthly
Unit 3   1 Beds, 1 Baths, $500/Monthly Unit 4   1 Beds, 1 Baths, $825/Monthly
Unit 5   2 Beds, 1 Baths, $1,560/Monthly Unit 6   3 Beds, 3 Baths, $3,800/Monthly
Unit 7   1 Beds, 1 Baths, $1,225/Monthly Unit 8   1 Beds, 1 Baths, $690/Monthly
ConstructionWood Frame
BasementInterior, Storage Space, Unfinished, Interior Stairs, Exterior Stairs, Dirt, Unfinished, Walkout
Interior Features
Exterior Features
Exterior  Wood, Stucco Disability Features  
Foundation  Brick, Stone House Color  
Floors   Building Certifications  
Roof  Tile, Membrane HERS Index  
DirectionsNorth on Shelburne road veer right onto South Willard Street. Property on the right. Sign on Property.
Lot DescriptionUnknown, Landscaped, Lake View, City Lot
Garage & Parking  No, ,
Road Frontage   Water Access  
Driveway  Paved Water Type  
Flood Zone  Unknown Water Body  
Zoning  RA
School District  Burlington School District Middle  Edmunds Middle School
Elementary  Edmunds Elementary School High  Burlington High School
Heat Fuel   Excluded  
Heating/Cool  None, Baseboard, Vented Gas Heater Negotiable  
Sewer  Public Parcel Access ROW  
Water  Public ROW for Other Parcel  
Water Heater  Gas-Natural Financing  
Cable Co   Documents  Property Disclosure, Deed
Electric  Circuit Breaker Tax ID  114-035-14324
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