61 Elmwood Avenue Burlington, Vermont 05401 MLS# 4794433

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Sold Status

$2,187,500 Sold Price

Multi Type

8 Beds

8 Baths

7,296 Sqft

Listed By Kara Koptiuch of Vermont Real Estate Company
Sold By Coldwell Banker Carlson Real Estate
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61 Elmwood Avenue

Location, location, location!! Excellent investment opportunity to own 16 CONDOS in one of Burlington’s most desirable areas. Tenants' love the convenience of being in eyesight of Pearl Street, a short walk to Church Street, waterfront, University and Medical Center. This low maintenance complex features 16 one bedroom apartments with hardwood flooring/tile in each unit, ample off street-parking, coin-op laundry room and potential for basement storage all on site. Property is condominiumized providing potential Buyer(s) with flexibility to sell units individually in the future. Easy to rent, manage and maintain. Properties like this one rarely come available. †

Property Location

61 Elmwood Avenue Burlington

Property Details

Sold Price  $2,187,500 Sold Date  Sep 16th, 2021
List Price  2,225,000 Bedrooms  8 Garage Size   Car
Cooperation Fee  Unknown Total Bathrooms  8 Year Built  1920
MLS#  4794433 Lot Size  0.3 Acres Taxes $34,397
Type  Multi-Family Days on Market  1738 Days Tax Year 2019
Units  16 Stories  2 Road Frontage  75
Annual Income  $174,200 Style  Colonial, Multi-Family Water Frontage  
Annual Expenses  $0 Finished  7,296 Sqft Construction  No, Existing
Zoning   Residential-High Density Above Grade  7,296 Sqft Seasonal  No
Total Rooms  8 Below Grade  0 Sqft List Date  Feb 18th, 2020
Gross Income  $174,200 Operating Expenses  $0 Net Income  $110,669
Expenses Includes 
Unit 1   1 Beds, 1 Baths, 672 SqFt, $910/Monthly Unit 2   1 Beds, 1 Baths, 672 SqFt, $950/Monthly
Unit 3   1 Beds, 1 Baths, 672 SqFt, $945/Monthly Unit 4   1 Beds, 1 Baths, 672 SqFt, $950/Monthly
Unit 5   1 Beds, 1 Baths, 384 SqFt, $850/Monthly Unit 6   1 Beds, 1 Baths, 384 SqFt, $830/Monthly
Unit 7   1 Beds, 1 Baths, 384 SqFt, $850/Monthly Unit 8   1 Beds, 1 Baths, 384 SqFt, $850/Monthly
ConstructionWood Frame
BasementWalk-up, Exterior Access
Interior Features
Exterior Features
Exterior  Brick, Vinyl Siding, Wood Siding Disability Features  
Foundation  Stone House Color  White
Floors  Tile, Hardwood Building Certifications  
Roof  Standing Seam, Membrane HERS Index  
DirectionsPearl Street, right onto Elmwood Ave, building is on the left.
Lot Description, City Lot
Garage & Parking  No, , , Off Street
Road Frontage  75 Water Access  
Driveway  Paved Water Type  
Flood Zone  Unknown Water Body  
Zoning  Residential-High Density
School District  NA Middle  
Elementary   High  
Heat Fuel  , Gas-Natural Excluded  
Heating/Cool  None, Baseboard, Electric, Gas Heater Negotiable  
Sewer  Public Parcel Access ROW  
Water  Public ROW for Other Parcel  
Water Heater  Owned Financing  
Cable Co   Documents  Deed
Electric  Circuit Breaker Tax ID  000-000-00000
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† The remarks published on this webpage originate from Listed By Kara Koptiuch of Vermont Real Estate Company 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.