7-11 Fletcher Place Burlington, Vermont 05401 MLS# 5021247

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For Sale Status

$1,050,000 List Price

Multi Type

6 Beds

5 Baths

2,982 Sqft

Listed By Elise Polli of Polli Properties
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Burlington

Ideal Investment! Ideal Investment!
2 Buildings, 5 Units Total 2 Buildings, 5 Units Total
Fantastic Location! Fantastic Location!
7 Fletcher Front Porch- Entrance for Units 1&2 7 Fletcher Front Porch- Entrance for Units 1&2
7 Fletcher Unit 1: Kitchen 7 Fletcher Unit 1: Kitchen
7 Fletcher Unit 1: Kitchen 7 Fletcher Unit 1: Kitchen
7 Fletcher Unit 1: Kitchen 7 Fletcher Unit 1: Kitchen
7 Fletcher Unit 1: Living 7 Fletcher Unit 1: Living
7 Fletcher Unit 1: Living 7 Fletcher Unit 1: Living
7 Fletcher Unit 1: Bedroom 1 7 Fletcher Unit 1: Bedroom 1
7 Fletcher Unit 1: Bedroom 1 7 Fletcher Unit 1: Bedroom 1
7 Fletcher Unit 1: Bedroom 2 7 Fletcher Unit 1: Bedroom 2
7 Fletcher Unit 1: Bedroom 2 7 Fletcher Unit 1: Bedroom 2
7 Fletcher Unit 1: 3/4 Bathroom 7 Fletcher Unit 1: 3/4 Bathroom
7 Fletcher Unit 1: 3/4 Bathroom 7 Fletcher Unit 1: 3/4 Bathroom
7 Fletcher Unit 2: Kitchen/Dining 7 Fletcher Unit 2: Kitchen/Dining
7 Fletcher Unit 2: Kitchen/Dining 7 Fletcher Unit 2: Kitchen/Dining
7 Fletcher Unit 2: Kitchen/Dining 7 Fletcher Unit 2: Kitchen/Dining
7 Fletcher Unit 2: Kitchen/Dining 7 Fletcher Unit 2: Kitchen/Dining
7 Fletcher Unit 2: Kitchen/Dining 7 Fletcher Unit 2: Kitchen/Dining
7 Fletcher Unit 2: Kitchen/Dining 7 Fletcher Unit 2: Kitchen/Dining
7 Fletcher Unit 2: Full Bathroom 7 Fletcher Unit 2: Full Bathroom
7 Fletcher Unit 2: Living Room 7 Fletcher Unit 2: Living Room
7 Fletcher Unit 2: Living Room 7 Fletcher Unit 2: Living Room
7 Fletcher Unit 2: Living Room 7 Fletcher Unit 2: Living Room
7 Fletcher Unit 2: Downstairs Bonus Room/Office 7 Fletcher Unit 2: Downstairs Bonus Room/Office
7 Fletcher Unit 2: Downstairs Bonus Room/Office 7 Fletcher Unit 2: Downstairs Bonus Room/Office
7 Fletcher Unit 2: Upstairs Bonus Loft Space 7 Fletcher Unit 2: Upstairs Bonus Loft Space
7 Fletcher Unit 2: Upstairs Bonus Loft Space 7 Fletcher Unit 2: Upstairs Bonus Loft Space
7 Fletcher Unit 2: Bedroom 1 7 Fletcher Unit 2: Bedroom 1
7 Fletcher Unit 2: Bedroom 1 7 Fletcher Unit 2: Bedroom 1
7 Fletcher Unit 2: Bedroom 2 7 Fletcher Unit 2: Bedroom 2
7 Fletcher Unit 2: Bedroom 2 7 Fletcher Unit 2: Bedroom 2
7 Fletcher- Unit 3 Entrance 7 Fletcher- Unit 3 Entrance
7 Fletcher Unit 3: Kitchen/Living 7 Fletcher Unit 3: Kitchen/Living
7 Fletcher Unit 3: Kitchen/Living 7 Fletcher Unit 3: Kitchen/Living
7 Fletcher Unit 3: Kitchen/Living 7 Fletcher Unit 3: Kitchen/Living
7 Fletcher Unit 3: Kitchen/Living 7 Fletcher Unit 3: Kitchen/Living
7 Fletcher Unit 3: Kitchen/Living 7 Fletcher Unit 3: Kitchen/Living
7 Fletcher Unit 3: Living Space 7 Fletcher Unit 3: Living Space
7 Fletcher Unit 3: Bedroom 7 Fletcher Unit 3: Bedroom
7 Fletcher Unit 3: Bedroom 7 Fletcher Unit 3: Bedroom
7 Fletcher Unit 3: Bedroom 7 Fletcher Unit 3: Bedroom
7 Fletcher Unit 3: Full Bathroom 7 Fletcher Unit 3: Full Bathroom
7 Fletcher Basement- Shared Laundry for All Units 7 Fletcher Basement- Shared Laundry for All Units
7 Fletcher Basement 7 Fletcher Basement
7 Fletcher Basement 7 Fletcher Basement
11 Fletcher- Upper Unit Entrance 11 Fletcher- Upper Unit Entrance
11 Fletcher Upper Unit: Kitchen/Dining 11 Fletcher Upper Unit: Kitchen/Dining
11 Fletcher Upper Unit: Kitchen/Dining 11 Fletcher Upper Unit: Kitchen/Dining
11 Fletcher Upper Unit: Kitchen/Dining 11 Fletcher Upper Unit: Kitchen/Dining
11 Fletcher Upper Unit: Living Room 11 Fletcher Upper Unit: Living Room
11 Fletcher Upper Unit: Living Room 11 Fletcher Upper Unit: Living Room
11 Fletcher Upper Unit: Bedroom 11 Fletcher Upper Unit: Bedroom
11 Fletcher Upper Unit: 3/4 Bathroom 11 Fletcher Upper Unit: 3/4 Bathroom
11 Fletcher Upper Unit: 3/4 Bathroom 11 Fletcher Upper Unit: 3/4 Bathroom
11 Fletcher- Lower Unit Entrance 11 Fletcher- Lower Unit Entrance
11 Fletcher Lower Unit: Open Concept Studio 11 Fletcher Lower Unit: Open Concept Studio
11 Fletcher Lower Unit: Open Concept Studio 11 Fletcher Lower Unit: Open Concept Studio
11 Fletcher Lower Unit: 3/4 Bathroom 11 Fletcher Lower Unit: 3/4 Bathroom

Location, location, location! Fantastic two-building, 5-unit investment property in close proximity to UVM, UVM Medical Center, and downtown Burlington! 7 Fletcher Place, the largest of the two buildings, houses 3 of the rental units. Off the front porch, access unit 1 on the first floor, comprised of 2 bedrooms, an updated ¾ bathroom, and open-concept living/dining/kitchen area. Upstairs, unit 2 is a 2 bed, 1 bath, offering a bright kitchen/dining room with granite countertops and stainless appliances, welcoming living space, and 2 bonus spaces. The 1 bed, 1 bath 3rd unit of this building has a private entrance at the rear and offers a convenient mudroom area, open-concept living/dining/kitchen. The basement of 7 Fletcher has 2 washers and dryers, currently free for all tenants, and storage space. On the same lot, 11 Fletcher Place sits next door and is comprised of 2 additional rental units, both beautifully renovated with separate utilities, including mini spits! The 1 bed, ¾ bath upper unit includes a bright living room and fantastic eat-in kitchen with stainless appliances. The lower studio unit features a bright kitchen with granite countertops and ¾ bathroom with marble countertops. Tenants pay all utilities- see utility information document for more details. Fully rented out, this low-maintenance property with a desirable 6.59% cap rate is a must-see for investors!

Property Location

7-11 Fletcher Place Burlington

Property Details

List Price  1,050,000 Bedrooms  6 Garage Size   Car
Cooperation Fee  Unknown Total Bathrooms  5 Year Built  1900
MLS#  5021247 Lot Size  0.08 Acres Taxes $18,073
Type  Multi-Family Days on Market  15 Days Tax Year 2024
Units  5 Stories  2 Road Frontage  62
Annual Income  $0 Style  Near Hospital Water Frontage  
Annual Expenses  $0 Finished  2,982 Sqft Construction  No, Existing
Zoning   Res-Medium Intensity Above Grade  2,478 Sqft Seasonal  No
Total Rooms  6 Below Grade  504 Sqft List Date  Nov 6th, 2024
Gross Income  $0 Operating Expenses  $0 Net Income  $0
Expenses Includes 
Unit 1   2 Beds, 1 Baths, 640 SqFt, $2,050/Monthly Unit 2   2 Beds, 1 Baths, 813 SqFt, $2,600/Monthly
Unit 3   1 Beds, 1 Baths, 331 SqFt, $1,450/Monthly Unit 4   0 Beds, 1 Baths, $1,500/Monthly
Unit 5   1 Beds, 1 Baths, 460 SqFt, $1,800/Monthly
Construction
BasementWalk-up, Unfinished, Unfinished
Interior Features
Exterior Features
Exterior   Disability Features  
Foundation  Brick, Stone House Color  Blue
Floors  Vinyl, Tile, Hardwood Building Certifications  
Roof  Shingle HERS Index  
DirectionsFrom Main Street in Burlington, turn right onto East Avenue. At the light, turn left onto Colchester Avenue. Fletcher Place will be the first street on your right. 7-11 Fletcher is the second set of buildings on the left. Please park on street for showings.
Lot Description, Near Bus/Shuttle, Street Lights, In Town, Near Paths, Near Public Transportatn, Near School(s)
Garage & Parking  No, Unpaved, On Street, Off Street, 3 Parking Spaces, Unpaved
Road Frontage  62 Water Access  
Driveway  Gravel, Common/Shared Water Type  
Flood Zone  No Water Body  
Zoning  Res-Medium Intensity
School District  Burlington School District Middle  Edmunds Middle School
Elementary  Choice High  Burlington High School
Heat Fuel   Excluded  
Heating/Cool  Mini Split, Heat Pump, Baseboard Negotiable  
Sewer  Public Parcel Access ROW  
Water   ROW for Other Parcel  
Water Heater   Financing  
Cable Co   Documents  
Electric  Circuit Breaker Tax ID  114-035-16670
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† The remarks published on this webpage originate from Listed By Elise Polli of Polli Properties 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.