64 Hyde Street Burlington, Vermont 05401 MLS# 4947176

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Sold Status

$658,000 Sold Price

Multi Type

6 Beds

4 Baths

2,450 Sqft

Listed By Kassian Prior of KW Vermont
Sold By KW Vermont
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Burlington

64 Hyde Street

Welcome to 64 Hyde Street, a rare gem in the heart of Burlington, Vermont! This 4 unit multifamily property offers an exceptional investment opportunity with a great cap rate. It has been meticulously maintained by the same family for many years and is now ready for a new owner. Located in a desirable residential neighborhood, this property is conveniently situated close to downtown Burlington and all its amenities. You'll love the off-street parking that comes with this property, ensuring your tenants never have to worry about finding a spot on the street. Inside many units boast beautiful hardwood or vinyl floors and Rinnai heaters. All units are currently occupied by long-term month to month tenants, making this an ideal property for any investor looking for a stable rental income. Being freshly painted, ensuring it looks its very best and is inviting to both current and potential tenants. This attention to detail demonstrates the pride of ownership and commitment to maintaining the property's value. Whether you're an experienced investor, owner occupying or just starting out, 64 Hyde Street is a property that you won't want to miss. Its prime location, great cap rate, exceptional condition, and desirable features make it a fantastic investment opportunity. Don't hesitate - schedule your showing today and discover why this property is the perfect addition to your real estate portfolio. Join us when showings begin at the group showing Sat, 4/1 at 12p-2p and 4/2 at 11a-12p

Property Location

64 Hyde Street Burlington

Property Details

Sold Price  $658,000 Sold Date  May 23rd, 2023
List Price  669,000 Bedrooms  6 Garage Size   Car
Cooperation Fee  Unknown Total Bathrooms  4 Year Built  1910
MLS#  4947176 Lot Size  0.13 Acres Taxes $9,448
Type  Multi-Family Days on Market  602 Days Tax Year 2022
Units  4 Stories  2 Road Frontage  
Annual Income  $57,000 Style  Multi-Family Water Frontage  
Annual Expenses  $0 Finished  2,450 Sqft Construction  No, Existing
Zoning   Residential Above Grade  2,450 Sqft Seasonal  No
Total Rooms  6 Below Grade  0 Sqft List Date  Mar 30th, 2023
Gross Income  $57,000 Operating Expenses  $0 Net Income  $40,472
Expenses Includes 
Unit 1   2 Beds, 1 Baths, $1,350/Monthly Unit 2   2 Beds, 1 Baths, $1,600/Monthly
Unit 3   1 Beds, 1 Baths, $900/Monthly Unit 4   1 Beds, 1 Baths, $900/Monthly
ConstructionWood Frame
BasementWalk-up, Stairs - Basement
Interior Features
Exterior Features
Exterior  Clapboard, Cement Disability Features  
Foundation  Brick, Stone House Color  
Floors   Building Certifications  
Roof  Shingle-Asphalt HERS Index  
Directions
Lot Description, City Lot
Garage & Parking  No, , , On Site, Off Street, 3-5 Spaces, Other, Parking Spaces 3 - 5
Road Frontage   Water Access  
Driveway  Gravel Water Type  
Flood Zone  No Water Body  
Zoning  Residential
School District  NA Middle  
Elementary   High  
Heat Fuel   Excluded  
Heating/Cool  None, Space Heater Negotiable  
Sewer  Public Parcel Access ROW  
Water  Public ROW for Other Parcel  
Water Heater  Tank, Owned Financing  
Cable Co   Documents  
Electric  Circuit Breaker Tax ID  114-035-15586
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† The remarks published on this webpage originate from Listed By Kassian Prior of KW Vermont 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.