Listing Office: Coldwell Banker Carlson Real Estate
Listing agent: Smith Macdonald Group
Property Description

A 19-unit multi-family property in the heart of downtown Burlington, adjacent to the Federal Building/Post Office and within a block of Church Street, holds immense value due to its prime location. The consistent lack of vacancies speaks volumes about the desirability of these units, indicating a strong demand from potential tenants. The property’s composition, including a stand-alone single-family 3-bedroom carriage house and the main building with 18 units (one used as a maintenance office), offers diversity and potential for different rental strategies. Moreover, the recent updates, such as the new boiler and hot water tanks, demonstrate a commitment to maintenance and modernization, making the property even more attractive to potential buyers. Given the scarcity of properties of this size and caliber in such a prime location, this opportunity could be highly sought-after by investors looking to capitalize on a stable, income-generating asset in downtown Burlington. Already a 8% cap rate with easy room for improvement.

Features
: Hot Water
: Unfinished, Concrete
: Shingle - Asphalt
: Public
: Paved
: Public
: Level, City Lot, Sidewalks
: Public
: Gas - Natural
Yes
Directly Adjoining
: Wood Frame
: Circuit Breaker(s)
: Brick, Vinyl
: Concrete
: Electric, Gas - Natural
: Underground Utilities, Cable
Address Map
US
VT
VT-Chittenden
Burlington
05401
Elmwood
21-25
Avenue
0
W74° 47' 10.1''
N44° 28' 52.2''
21-25 Elmwood Avenue
MLS Addon
Coldwell Banker Carlson Real Estate
$293
2912
19426
0
Res-High Den
2023
$61,486
Landscaping,plowing,trash,water,condo Association Fee
No
Attached
0
$0
Monthly
29/02/2024 14:38:21
19/12/2023 16:18:36
Smith
Macdonald Group

Multi-family For Sale

21-25 Elmwood Avenue, Burlington, Vermont 05401

0 Bedrooms
0 Bathrooms
14,655 Sqft
$2,925,000
Listing ID #4980375
Basic Details
Property Type : Multi-family
Listing Type : For Sale
Listing ID : 4980375
Price : $2,925,000
Bedrooms : 0
Rooms : 0
Bathrooms : 0
Full Bathrooms : 0
Half Bathrooms : 0
Year Built : 1900
Square Footage : 14,655 Sqft
Lot Area : 11,326 Sqft
Property Type : Single Family
Style : Multi-family
Status Category : Active
Listing Status : Active
Agent info
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