83-85 Oak Street Burlington, Vermont 05401 MLS# 4728830

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Sold Status

$280,000 Sold Price

Multi Type

5 Beds

2 Baths

1,456 Sqft

Listed By Lipkin Audette Team of Coldwell Banker Hickok & Boardman - (802) 846-8800
Sold By KW Vermont
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Burlington

83-85 Oak Street

Burlington Old North End duplex - a great way to enter the Burlington Multi-Family market. Live in one of the units or rent out both. With one 3 bedroom, one 2 bedroom unit, and additional income from leasing garage as storage space, this property offers many options to generate revenue. Prime location on a corner lot overlooking Roosevelt Park and across from the Chubby Muffin cafe. Just minutes from downtown Burlington, UVM, and the UVM Medical Center, this property offers a great location, off-street parking, and tremendous opportunity as an investment property. Showings start 11/29.

Property Location

83-85 Oak Street Burlington

Property Details

Sold Price  $280,000 Sold Date  Jan 25th, 2019
List Price  280,000 Bedrooms  5 Garage Size  1 Car
Cooperation Fee  Unknown Total Bathrooms  2 Year Built  1899
MLS#  4728830 Lot Size  0.09 Acres Taxes $5,883
Type  Multi-Family Days on Market  2187 Days Tax Year 2018
Units  2 Stories  2 Road Frontage  
Annual Income  $36,600 Style  Duplex Water Frontage  
Annual Expenses  $9,506 Finished  1,456 Sqft Construction  No, Existing
Zoning   RM Above Grade  1,456 Sqft Seasonal  No
Total Rooms  5 Below Grade  0 Sqft List Date  Nov 26th, 2018
Gross Income  $36,600 Operating Expenses  $9,506 Net Income  $27,094
Expenses Includes 
Unit 1   3 Beds, 1 Baths, 849 SqFt, $0/Monthly Unit 2   2 Beds, 1 Baths, 607 SqFt, $950/Monthly
Unit 3   0 Beds, 0 Baths, 629 SqFt, $300/Monthly
ConstructionWood Frame
BasementInterior, Unfinished
Interior Features
Exterior Features
Exterior  Vinyl Siding Disability Features  
Foundation  Stone House Color  White
Floors  Vinyl, Hardwood Building Certifications  
Roof  Slate HERS Index  
DirectionsFrom downtown Burlington, head North on North Union Street. When North Union crosses North Winooski, continue straight on Decatur Street, then right on Invervale Avenue, then left on Oak Street. 83-85 Oak Street is on the left across from Chubby Muffin.
Lot Description, City Lot
Garage & Parking  Yes, Leased, , Off Street, Garage
Road Frontage   Water Access  
Driveway  Gravel Water Type  
Flood Zone  Unknown Water Body  
Zoning  RM
School District  Burlington School District Middle  
Elementary   High  Burlington High School
Heat Fuel   Excluded  
Heating/Cool  None, Direct Vent Negotiable  
Sewer  Public Parcel Access ROW  
Water  Public ROW for Other Parcel  
Water Heater  Tank Financing  
Cable Co   Documents  
Electric  Circuit Breaker Tax ID  114-035-13961
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