Enjoy a 7.7% cap rate on this well-Maintained 4-Unit Investment Property in Prime Burlington Location. This 4-unit multifamily property includes two spacious two-bedroom units and two one-bedroom units. The two-bedroom units are occupied by long-term tenants on month-to-month status, with rents currently below market—offering strong upside potential.Recent upgrades include new boilers and hot water tanks installed in 2023. The building is clean, with coin-operated laundry and tenant storage in the basement.Tenants enjoy the convenience of off-street parking, nearby public transportation, and a location just minutes from the University of Vermont, UVM Medical Center, and downtown Burlington. A solid investment opportunity with stable income and room for growth.Seller is licensed Broker
Active
Listed by:
Paul Cannizzaro,
Cannizzaro Real Estate 802-862-9700
$699,000
290-292 North Street, Burlington, VT 05401
6beds
2,766sqft
Est.:
Multi Family
Built in 1899
-- sqft lot
$682,900 Zestimate®
$253/sqft
$-- HOA
What's special
One-bedroom unitsCoin-operated laundryTenant storageOff-street parkingSpacious two-bedroom units
- 140 days |
- 168 |
- 7 |
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