72-78 Lafountain Street Burlington, Vermont 05401 MLS# 4882888

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Sold Status

$918,400 Sold Price

Multi Type

7 Beds

6 Baths

3,974 Sqft

Listed By Jessica Bridge of Element Real Estate
Sold By Flex Realty

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Attention Investors: This well-maintained 6-unit property in a prime Old North End location is worth a look! This building has had a ton of upgrades, including kitchen updates with granite countertops, gas ranges, and stainless appliances. The exterior was fully repainted in 2017, and the slate roof has been regularly maintained. These bright units feature tin ceilings, wood and tile floors, and well-preserved historic character, plus each unit has access to a covered porch or balcony. Added bonuses such as plenty of off-street parking, and coin-op laundry in the basement make these highly desirable rentals. This location is minutes from Downtown Burlington & Winooski as well as the colleges and hospital. The great location & unique character along with a strong rental history and financials make this an excellent investment opportunity. †

Property Location

72-78 Lafountain Street Burlington

Property Details

Essentials

Sold Price $918,400		Sold Date Mar 25th, 2022
List Price 950,000	Bedrooms 7	Garage Size Car
Cooperation Fee Unknown	Total Bathrooms 6	Year Built 1899
MLS# 4882888	Lot Size 0.29 Acres	Taxes $15,753
Type Multi-Family	Days on Market 1162 Days	Tax Year 2021
Units 6	Stories 2	Road Frontage 85
Annual Income $100,440	Style Historic Vintage, Multi-Family	Water Frontage
Annual Expenses $0	Finished 3,974 Sqft	Construction No, Existing
Zoning Residential - Med Density	Above Grade 3,974 Sqft	Seasonal No
Total Rooms 7	Below Grade 0 Sqft	List Date Sep 16th, 2021

Expenses

Gross Income $100,440	Operating Expenses $0	Net Income $68,666

Expenses Includes

Unit Size & Rent

Unit 1 1 Beds, 1 Baths, $1,550/Monthly	Unit 2 2 Beds, 1 Baths, $1,625/Monthly
Unit 3 1 Beds, 1 Baths, $1,043/Monthly	Unit 4 1 Beds, 1 Baths, $1,372/Monthly
Unit 5 1 Beds, 1 Baths, $1,200/Monthly	Unit 6 1 Beds, 1 Baths, $1,430/Monthly

Building

ConstructionWood Frame
BasementWalk-up, Unfinished, Dirt Floor, Unfinished
Interior Features
Exterior Features

Exterior Board and Batten	Disability Features
Foundation Stone	House Color Blue
Floors Bamboo, Tile, Wood	Building Certifications
Roof Slate	HERS Index

Property

Directions
Lot Description, City Lot, Curbing, Sidewalks, Street Lights, Near Bus/Shuttle
Garage & Parking No, , , Off Street, 6+ Parking Spaces

Road Frontage 85	Water Access
Driveway Gravel	Water Type
Flood Zone Unknown	Water Body
Zoning Residential - Med Density

Schools

School District Burlington School District	Middle
Elementary	High

Utilities

Heat Fuel	Excluded
Heating/Cool None, Direct Vent	Negotiable
Sewer Public	Parcel Access ROW
Water Public	ROW for Other Parcel
Water Heater Gas	Financing
Cable Co	Documents Property Disclosure, Lease Agreements, Deed
Electric Circuit Breaker	Tax ID 114-035-14676

† The remarks published on this webpage originate from Listed By Jessica Bridge of Element Real Estate 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.