21-25 Elmwood AVE new Save Request In-Person Tour Request Virtual Tour
Burlington,VT 05401
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 9,987 sqft
Price per Sqft $319
MLS Listing ID 5052749
Construction Status Existing
Year Built 1900
Annual Tax Amount $67,182
Tax Year 2025
Lot Size 0.260 Acres
Acres 0.26
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 over an 8% cap rate with easy room for improvement.
Location
State VT
County Vt-chittenden
Area Vt-Chittenden
Zoning Res-High Den
Rooms
Basement Entrance Walk-up
Basement Concrete,Unfinished
Interior
Cooling None
Exterior
Utilities Available Cable,Underground Utilities
Roof Type Asphalt Shingle
Building
Story 3
Sewer Public
Architectural Style Multi-Family
Construction Status Existing