11 Unit Apartment Building for Sale in Burlington, Vermont

Real Estate Agent with Century 21 Jack Associates
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<!-- Title : zipcode-City ( Neighbourhood ) -->05401-Burlington (Burlington) <!--IsMls-->MLS #2709905 <!--Status-->FOR SALE
<!--Price-->$1,045,000<!--PriceHighlight-->Investors Take Notice

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<!--Listing Primary Photo Max width = 300 Max height = 300--> <!--Brokerage Name-->Century 21 Jack Associates
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<!--Agent Name-->Trevor Ainsworth
Email Trevor

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apt 1
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<!--First 10 details in the format "DetailType: Detail " next detail-->Address: 360-364 S. Winooski Avenue Type: Residential Style: Multiplex Suite: No Living Area: 6,300 square feet Year Built: 1920
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<!--First 500 words of description-->Very well maintained 11 unit apartment building located in prime Hill Section of Burlington. Most units are 1 bedroom making very easy rentals. Improvements include new metal roofs, water lines, sewer lines, Rennai propane heaters with VT Gas connection, paved driveway. Flooring includes a mix of Pergo, ceramic, and hardwood. Great original and newer wood work, newer electric service. Building exterior in process of being painted. Possible owner financing with 25% down! Don't wait on this one. Here is your chance to own a prime apartment building with little to no manitenance and add to your portfolio. Total monthly rents are $9,533 making $114,396 in yearly Income with Expenses of $26,482 and a Net Income of $87,913 NOT including additional income from Coin-Op Laundry. Opp Exp include: Electric, Garbage, Heating Fuel, Snow Removal, Water/Sewer, Trash, Insurance.
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Brokered and Advertised by Century 21 Jack Associates LID 1571135
Information is deemed to be correct but not guaranteed.

Comments (2)

Richard Perkins

Looks like a good buy thanks for the post and the info Good luck

Mar 01, 2008 02:39 AM
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida
Trevor, with numbers like that why isn't it sold all ready?
Mar 01, 2008 02:51 AM