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Composed of 7 units in two buildings, this Old North End investment property presents a great opportunity to invest in Burlington. A mix of easy-to-rent studio, one-bedroom and two-bedroom units and convenient location only one block to Battery Park, tenants love the easy access to popular shops, restaurants, galleries and cafes that Downtown Burlington and the Lake Champlain Waterfront have to offer. With strong financials, plenty of parking and upside potential, this property is a terrific fit for both owner-occupiers or those looking to add to their investment portfolio!
Property Location
65-69 North Champlain Street Burlington
Property Details
Sold Price $830,000
Sold Date Sep 17th, 2021
MLS# 4863324
Bedrooms 10
Garage Size 2 Car
List Price 895,000
Total Bathrooms 7
Year Built 1899
Type Multi-Family
Lot Size 0.2400 Acres
Taxes $16,760
Units 7
Stories 2
Road Frontage
Annual Income $98,340
Style Apartment Building, Multi-Family
Water Frontage
Annual Expenses $0
Finished 4,183 Sqft
Construction No, Existing
Zoning RM
Above Grade 4,183 Sqft
Seasonal No
Total Rooms 10
Below Grade 0 Sqft
List Date May 27th, 2021
Gross Income $98,340
Operating Expenses $0
Net Income $69,123
Expenses Includes
Unit 1 2 Beds, 1 Baths, $1,325/Monthly
Unit 2 2 Beds, 1 Baths, $1,280/Monthly
Unit 3 1 Beds, 1 Baths, $1,025/Monthly
Unit 4 1 Beds, 1 Baths, $1,230/Monthly
Unit 5 1 Beds, 1 Baths, $1,000/Monthly
Unit 6 1 Beds, 1 Baths, $910/Monthly
Unit 7 2 Beds, 1 Baths, $1,425/Monthly
ConstructionWood Frame
BasementInterior, Unfinished, Slab
Interior Features
Exterior Features
Exterior Wood
Disability Features
Foundation Stone, Stone
House Color Tan
Floors Other
Building Certifications
Roof Shingle
HERS Index
DirectionsPearl Street to North Champlain Street, building on left after Sherman Street. (Across from Peru Street).
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