68 Walnut Street Burlington, Vermont 05401 MLS# 4853256

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Sold Status

$1,055,000 Sold Price

Multi Type

11 Beds

6 Baths

4,333 Sqft

Listed By Mikail Stein of RE/MAX North Professionals
Sold By
✉ 🖶

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68 Walnut Street

This is a unique opportunity to own two buildings on one parcel that have both been beautifully updated. One building is a fantastic duplex zoned for 8 bedrooms but currently operating as two 3 bedroom apartments. The second building is an updated four-plex with four 1 bedroom apartments. A projected CAP rate of 6.81% indicates a strong investment within walking distance of Church Street, and across the street from Roosevelt Park in the ever growing O.N.E. This property is also being sold as part of a portfolio with another multi-family. See MLS #'s: 4853254. †

Property Location

68 Walnut Street Burlington

Property Details

Sold Price  $1,055,000 Sold Date  Dec 22nd, 2021
List Price  1,150,000 Bedrooms  11 Garage Size   Car
Cooperation Fee  Unknown Total Bathrooms  6 Year Built  1899
MLS#  4853256 Lot Size  0.18 Acres Taxes $20,302
Type  Multi-Family Days on Market  1331 Days Tax Year 2021
Units  6 Stories  2 Road Frontage  
Annual Income  $110,400 Style  Apartment Building, Multi-Family Water Frontage  
Annual Expenses  $0 Finished  4,333 Sqft Construction  No, Existing
Zoning   Res Above Grade  4,333 Sqft Seasonal  No
Total Rooms  11 Below Grade  0 Sqft List Date  Mar 31st, 2021
Gross Income  $110,400 Operating Expenses  $0 Net Income  $78,314
Expenses Includes 
Unit 1   3 Beds, 1 Baths, 1,225 SqFt, $1,600/Monthly Unit 2   4 Beds, 1 Baths, 1,000 SqFt, $1,600/Monthly
Unit 3   1 Beds, 1 Baths, 527 SqFt, $900/Monthly Unit 4   1 Beds, 1 Baths, 527 SqFt, $850/Monthly
Unit 5   1 Beds, 1 Baths, 527 SqFt, $950/Monthly Unit 6   1 Beds, 1 Baths, 527 SqFt, $850/Monthly
ConstructionOther
BasementWalkout, Walkout
Interior Features
Exterior Features
Exterior  Vinyl, Brick Disability Features  
Foundation  Other, Other House Color  
Floors  Laminate, Carpet Building Certifications  
Roof  Slate, Membrane HERS Index  
Directions68-70 Walnut Street and 1,3,5,7 Willow Street (address for property - 2 streets).
Lot DescriptionUnknown, Level, City Lot, Sidewalks
Garage & Parking  No, , , Off Street, 6+ Parking Spaces
Road Frontage   Water Access  
Driveway  Concrete Water Type  
Flood Zone  Unknown Water Body  
Zoning  Res
School District  NA Middle  
Elementary   High  
Heat Fuel   Excluded  
Heating/Cool  None, Baseboard, Hot Water, Hot Air, Monitor Type Negotiable  
Sewer  Public Parcel Access ROW  
Water  Public ROW for Other Parcel  
Water Heater  Owned Financing  
Cable Co   Documents  Property Disclosure, Other, Deed
Electric  Circuit Breaker Tax ID  114-035-13917
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† The remarks published on this webpage originate from Listed By Mikail Stein of RE/MAX North Professionals 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.