Waterfront
Listing Provided Courtesy Of:
Kara Koptiuch with Vermont Real Estate Company.
Address
61 Elmwood Avenue Burlington, VT
Price
$ 2,225,000
Property Attributes
  • MLS#4794433
  • TypePending
  • CountyCHITTENDEN
  • CityBurlington
  • AreaChittenden
  • Zip05401
  • StyleColonial,Multi-Family
  • Year Built1920
  • Taxes34396
  • Price$ 2,225,000
  • Bedrooms8
  • Full Bathrooms8
  • Half Bathrooms0
  • Sqr Footage8640
  • Lot Size0.3 Acres
Listing Provided Courtesy Of:
Kara Koptiuch with Vermont Real Estate Company.
Data Source:
New England Real Estate Network
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.

Price History
3/18/2021 Listed $2,225,000

General Features

Construction Wood Frame
Construction Status Existing
Cooling None
Electric Circuit Breaker(s)
Flood Zone Unknown
Flooring Hardwood, Tile
Garage No
Heating Baseboard, Electric, Gas Heater
Listing Area VT-Chittenden
Net Income 110668.68
Parking Off Street
Price Per Sq Ft 304.96
Road Frontage Yes
Roof Membrane, Standing Seam
Sewer Public
Status Under Contract
Stories 2
Style Colonial, Multi-Family
Tax Year 2019
Type Multi-Family
Unit 1 Level Number 1
Unit 2 Level Number 1
Unit 3 Level Number 2
Unit 4 Level Number 2
Unit 5 Level Number 1
Unit 6 Level Number 1
Unit 7 Level Number 1
Utilities Internet - Cable
Water Public
Water Heater Owned
Year Built 1920
Zoning Residential-High Density

Interior Features

Basement Yes
Basement Access Type Walk-up
Basement Description Exterior Access
Heating Fuel Electric, Gas - Natural
Sqft-apx Fin Above Grade 7296
Sqft-apx Total 8640
Sqft-apx Total Finished 7296
Sqft-apx Unfn Below Grade 1344
Total 1 Br Units 16
Total Full Baths 16
Total Number of Units 16
Total Ranges 16
Total Refrigerators 16
Total Water Heaters 3
Unit 1 Apx Sqft 672
Unit 1 Bedrooms 1
Unit 1 Rooms 3
Unit 2 Apx Sqft 672
Unit 2 Bedrooms 1
Unit 2 Rooms 3
Unit 3 Apx Sqft 672
Unit 3 Bedrooms 1
Unit 3 Rooms 3
Unit 4 Apx Sqft 672
Unit 4 Bedrooms 1
Unit 4 Rooms 3
Unit 5 Apx Sqft 384
Unit 5 Baths 1
Unit 5 Bedrooms 1
Unit 5 Rooms 2
Unit 6 Apx Sqft 384
Unit 6 Baths 1
Unit 6 Bedrooms 1
Unit 6 Rooms 2
Unit 7 Apx Sqft 384
Unit 7 Baths 1
Unit 7 Bedrooms 1
Unit 7 Rooms 2
Unit 8 Apx Sqft 384
Unit 8 Baths 1
Unit 8 Bedrooms 1
Unit 8 Rooms 2

Exterior Features

Unit 1 Baths 1
Unit 2 Baths 1
Unit 3 Baths 1
Unit 4 Baths 1
Driveway Paved
Exterior Brick, Vinyl Siding, Wood Siding
Foundation Stone
Lot Description City Lot
Lot Size Area 0.3
Road Frontage Length 75
Roads Public
Unit 1 Style Flat Lower End
Unit 2 Style Flat Lower End
Unit 3 Style Flat Up End
Unit 4 Style Flat Up End
Unit 5 Style Flat 1st End
Unit 6 Style Flat 1st Interior
Unit 7 Style Flat 1st Interior
Unit 8 Style Flat 1st Interior

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 05401

Statistics provided by Inside Real Estate

Price
AVG $680K
$2.23M
Taxes
AVG $11,218
$34,396
Visits
AVG 28
18
Year Built
AVG 1939
1920
Walkscore
AVG 76
96
Data Provided by Walkscore ® not using MLS data

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