Bought with Smith Macdonald Group • Coldwell Banker Carlson Real Estate
$2,187,500
$2,225,000
1.7%For more information regarding the value of a property, please contact us for a free consultation.
61 Elmwood AVE Burlington, VT 05401
8 Beds
8 Baths
7,296 SqFt
Key Details
Sold Price $2,187,500
Property Type Multi-Family
Sub Type Colonial,Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 7,296 sqft
Price per Sqft $299
MLS Listing ID 4794433
Sold Date 09/16/21
Style Colonial,Multi-Family
Bedrooms 8
Full Baths 8
Construction Status Existing
Year Built 1920
Annual Tax Amount $34,396
Tax Year 2019
Lot Size 0.300 Acres
Acres 0.3
Property Sub-Type Colonial,Multi-Family
Property Description
Location, location, location!! Excellent investment opportunity to own 16 CONDOS in one of Burlington's most desirable areas. Tenants' love the convenience of being in eyesight of Pearl Street, a short walk to Church Street, waterfront, University and Medical Center. This low maintenance complex features 16 one bedroom apartments with hardwood flooring/tile in each unit, ample off street-parking, coin-op laundry room and potential for basement storage all on site. Property is condominiumized providing potential Buyer(s) with flexibility to sell units individually in the future. Easy to rent, manage and maintain. Properties like this one rarely come available.
Location
State VT
County Vt-chittenden
Area Vt-Chittenden
Zoning Residential-High Density
Rooms
Basement Entrance Walk-up
Basement Exterior Access
Interior
Heating Electric, Gas - Natural
Cooling None
Flooring Hardwood, Tile
Exterior
Exterior Feature Brick, Vinyl Siding, Wood Siding
Garage Description Off Street
Utilities Available Internet - Cable
Roof Type Membrane,Standing Seam
Building
Lot Description City Lot
Story 2
Foundation Stone
Sewer Public
Water Public
Construction Status Existing
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