Listed by Coldwell Banker Hickok & Boardman
$1,025,000
55-57 North Willard Street
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,535
Units 3
Cap Rate 8.02%
NOI $82,242
Price per SqFt $404
Year Built 1899
Acreage 0.140
Zoning RM
Multifamily | 3 Units | $341,667/unit
Marketing description
Exceptional multi-family property in Burlington featuring a 4-bedroom, 2-bedroom, and studio apartment all with laundry in-unit. Recently updated kitchens and bathrooms include granite countertops and tile finishes. Updated heating systems with on-demand hot water. Plenty of off-street parking and a two-car garage. Located close to downtown, the University of Vermont, Champlain College, and the hospital. Professionally managed with a solid rental history and very strong cap rate
Investment highlights
- Cap Rate 8.02% 8.18%
- Net Operating Income $82,242 $83,862
- Building Construction: Wood Frame
- Foundation: Brick, Stone
- Garage Spaces: 2
- Units: 3
- Annual Income: $99,960
- Operating Expenses: 17718
- # of 1 Bedrooms: 1
- # of 2 Bedrooms: 1
- # of 3+ Bedrooms: 1
Listing Contacts
Listed by Coldwell Banker Hickok & Boardman
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$82,242.00
$6,853.50/mo
Valuation Metrics
0
DSCR
8.02%
Cap Rate
8.02%
ROI
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