Listed by Smith Macdonald Group with Coldwell Banker Carlson Real Estate 802-253-7358

Active

21-25 Elmwood Avenue

Burlington VT, 05401

$2,925,000


$292.88 per sqft

Active

9,987 sqft

Multi-family

Built in 1900

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.

4980375

MLS ID

December 16, 2023

Listed

November 22, 2024

Updated

Map

21-25 Elmwood Avenue
Burlington VT, 05401

Interior Features

Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Hot Water, Electric, Gas - Natural

Exterior/Building Features

Lot Size

0.26 Acres


Roof

Shingle - Asphalt


Sewer

Public

Other Property Details

Area Name

VT-Chittenden


Taxes

$61,486


Tax Frequency

Annually


Days on Market

75


Garage

No


View

No


Pool

No

Listed by Smith Macdonald Group with Coldwell Banker Carlson Real Estate 802-253-7358

Copyright © 2024 PrimeMLS. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site 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 is refreshed every 3 hours. Listing last updated 11:07 PM UTC on 11/22/2024. 

©2024 PrimeMLS All rights reserved. 

 

 

Powered byLuxury Presence