21-25 Elmwood AvenueBurlington, VT 05401MLS Number 4980375

  • Price: $2,925,000
  • Est. Mortgage of $/month
  • 187 Days on Market
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Federal 30-year interest rate: 6.95% last updated on Jun 13, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
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21-25 Elmwood Avenue Burlington VT 0540121-25 Elmwood Avenue Burlington VT 0540121-25 Elmwood Avenue Burlington VT 0540121-25 Elmwood Avenue Burlington VT 0540121-25 Elmwood Avenue Burlington VT 0540121-25 Elmwood Avenue Burlington VT 0540121-25 Elmwood Avenue Burlington VT 0540121-25 Elmwood Avenue Burlington VT 0540121-25 Elmwood Avenue Burlington VT 0540121-25 Elmwood Avenue Burlington VT 0540121-25 Elmwood Avenue Burlington VT 0540121-25 Elmwood Avenue Burlington VT 0540121-25 Elmwood Avenue Burlington VT 0540121-25 Elmwood Avenue Burlington VT 0540121-25 Elmwood Avenue Burlington VT 0540121-25 Elmwood Avenue Burlington VT 0540121-25 Elmwood Avenue Burlington VT 0540121-25 Elmwood Avenue Burlington VT 0540121-25 Elmwood Avenue Burlington VT 0540121-25 Elmwood Avenue Burlington VT 0540121-25 Elmwood Avenue Burlington VT 0540121-25 Elmwood Avenue Burlington VT 0540121-25 Elmwood Avenue Burlington VT 0540121-25 Elmwood Avenue Burlington VT 0540121-25 Elmwood Avenue Burlington VT 0540121-25 Elmwood Avenue Burlington VT 0540121-25 Elmwood Avenue Burlington VT 0540121-25 Elmwood Avenue Burlington VT 0540121-25 Elmwood Avenue Burlington VT 0540121-25 Elmwood Avenue Burlington VT 0540121-25 Elmwood Avenue Burlington VT 0540121-25 Elmwood Avenue Burlington VT 0540121-25 Elmwood Avenue Burlington VT 0540121-25 Elmwood Avenue Burlington VT 0540121-25 Elmwood Avenue Burlington VT 05401
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  • 0.26Acreage
  • 1900Year Built
  • 9,987Square Feet

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Listed by Smith Macdonald Group of Coldwell Banker Carlson Real Estate
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.

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Tax Information

  • Tax Year2023

Building

  • Year Built1900
  • Building ConstructionWood Frame
  • StyleMulti-Family
  • Units19
  • # of 1 Bedrooms15
  • # of 2 Bedrooms2
  • # of 3+ Bedrooms1
  • BasementConcrete, Unfinished
  • FoundationConcrete

Amenities

  • PricePerSqFt292.88

Basic Information

  • StatusACT
  • List Price$2,925,000
  • Date Price Change02/29/2024
  • MLS Number4980375
  • MLS StatusActive

Property

  • Acreage0.26
  • Parking Spaces
  • Lot DescriptionCity Lot, Level, Sidewalks
  • Square Feet9,987
  • APX Fin AG Sqft9,987
  • Road Frontage75
  • RoadsPublic

Other

  • Taxes$61,486
  • Seasonal Y/NNo
  • Date Listed12/16/2023
  • View Count23

Location

  • TownBurlington
  • StateVT
  • Zip05401
  • CountyChittenden
  • ZoningRes-High Den
  • Flood Zone Y/NNo

Exterior

  • ExteriorBrick, Vinyl
  • RoofShingle - Asphalt

Utilities

  • Heat FuelElectric, Gas - Natural
  • Heat SystemHot Water
  • WaterPublic
  • Water HeaterGas - Natural
  • ElectricCircuit Breaker(s)
  • SewerPublic
  • UtilitiesCable, Underground Utilities
Dave Chenette | Chenette Real Estate
Dave Chenette | Chenette Real Estate
Office: 802-264-1991
30 Kimball Ave, Suite 201
South Burlington, VT 05403
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Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated June 19, 2024 5:39 PM EDT

 

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