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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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18 Park St , Burlington, VT 05401
$1,395,000
Est. Payment: $3,100.00/mo
10 Bed
1 Bath
5017 Sqft
Status: Pending | Days on site: 84
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1120 - 619510
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House Description

Buyer Opportunity: Well-Located 10-Unit Investment with Strong Cash Flow & 9%+ Cap Rate. Rare opportunity to own a 10-unit multi-family property in one of Burlington's most sought-after downtown locations, directly across from Battery Park and moments from the waterfront, bike path, Church Street, restaurants, and downtown employers. The property includes two buildings with a strong unit mix made up of highly desirable and easy-to-rent 1-bedroom and studio apartments - layouts that continue to see consistent demand from tenants seeking downtown living with ample parking! The front brick building contains 4 distinctive apartments, while the rear building offers 6 single-level apartments with straightforward layouts. Well-maintained with fresh paint and tenants paying heat and electric, this property offers easy-to-rent apartments with laundry and a strong cash return in a premier Burlington location!

Highlights

Listed by The Steve Audette Team , 802-846-8800 Coldwell Banker Hickok and Boardman , 802-863-1500.

Property Type

Multi-Family

Lot/Acreage
0.21

Year Built

1845

County

Chittenden

Listing ID

5088609

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:10
  • Bathrooms:1
  • Full Bathrooms:
  • 1/4 Bathrooms:1
Above Ground Sq Ft:5017
Basement:Yes,Unfinished

Exterior Features

Lot:Existing
Zoning:RH
Roof:Shingle,Slate
Sewer:Public
Principal Interest
$3,100
Taxes
$2,629

Home Price

$1,395,000

Loan Details

30 yrs
%

Down Payment

20%
$279,000
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Monthly Price:
$3,100.00

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,100.00 $2,628.63 $0.00 $5,728.63
Yearly $37,200.00 $31,543.60 $0.00 $68,743.60
Total $1,116,000.00 $946,308.00 $0.00 $2,062,308.00

Today's Rates

30 Year

0%

20 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Burlington, VT).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.