62 Intervale Avenue Burlington, Vermont 05401 MLS# 4934274

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Sold Status

$640,000 Sold Price

Multi Type

6 Beds

2 Baths

2,080 Sqft

Listed By of
Sold By Lipkin Audette Team of Coldwell Banker Hickok and Boardman
✉ 🖶

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62 Intervale Avenue

PRICE REDUCED Now at 8% Projected Cap Rate! Amazing opportunity for investors to own this Burlington Duplex which is fully rented through May 2023 and offers a 7.1% cap rate at current rents. Two 3-bedroom/1-bathroom units with separate utilities, separate off-street parking, a shared backyard, and in-unit laundry make this easy to rent out. There is a 550-square-foot 2-story storage shed that is in excellent condition and is currently rented out for $200/month. The large backyard has a grill and picnic area and gardening space that tenants love. There are also two separate parking areas for each unit. The main house roof (EPDM) was replaced in 2009 and the shed roof was new in 2014. New fixtures, flooring, and appliances were installed throughout both units in 2018-2019. New in 2021 Bosch Greenstar boiler heating system for the upstairs unit. Natural light, lots of windows, and great layouts with extra living space make this an easy rental to great tenants †

Property Location

62 Intervale Avenue Burlington

Property Details

Sold Price  $640,000 Sold Date  Mar 15th, 2023
List Price  669,000 Bedrooms  6 Garage Size  1 Car
Cooperation Fee  Unknown Total Bathrooms  2 Year Built  1899
MLS#  4934274 Lot Size  0.14 Acres Taxes $7,703
Type  Multi-Family Days on Market  764 Days Tax Year 2023
Units  2 Stories  2 Road Frontage  60
Annual Income  $58,200 Style  Victorian Water Frontage  
Annual Expenses  $0 Finished  2,080 Sqft Construction  No, Existing
Zoning   Residential Above Grade  2,080 Sqft Seasonal  No
Total Rooms  6 Below Grade  0 Sqft List Date  Oct 19th, 2022
Gross Income  $58,200 Operating Expenses  $0 Net Income  $47,447
Expenses Includes 
Unit 1   3 Beds, 1 Baths, 1,000 SqFt, $2,500/Monthly Unit 2   3 Beds, 1 Baths, 1,000 SqFt, $2,400/Monthly
Unit 3   0 Beds, 0 Baths, $200/Monthly
ConstructionWood Frame
BasementInterior, Dirt Floor
Interior Features
Exterior Features
Exterior  Aluminum Disability Features  
Foundation  Stone House Color  
Floors   Building Certifications  
Roof  Flat HERS Index  
Directions
Lot Description, City Lot
Garage & Parking  Yes, ,
Road Frontage  60 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, Baseboard 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  114-035-15063
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† The remarks published on this webpage originate from Listed By of 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.