$1,050,000 ($352.11 per sqft)

Est. Mortgage $5,172/mo *

Quick Pre-Approval

Listing courtesy of Elise Polli, Polli Properties Phone: 802-764-0553


7-11 Fletcher Place, Burlington, VT, 05401

7-11 Fletcher Place, Burlington, VT, 05401

19 rooms

6 beds

5 Full baths

1900

Multi-Family

2,982 sqft

Location, location, location! Fantastic two-building, 5-unit investment property in close proximity to UVM, UVM Medical Center, and downtown Burlington! 7 Fletcher Place, the largest of the two buildings, houses 3 of the rental units. Off the front porch, access unit 1 on the first floor, comprised of 2 bedrooms, an updated ¾ bathroom, and open-concept living/dining/kitchen area. Upstairs, unit 2 is a 2 bed, 1 bath, offering a bright kitchen/dining room with granite countertops and stainless appliances, welcoming living space, and 2 bonus spaces. The 1 bed, 1 bath 3rd unit of this building has a private entrance at the rear and offers a convenient mudroom area, open-concept living/dining/kitchen. The basement of 7 Fletcher has 2 washers and dryers, currently free for all tenants, and storage space. On the same lot, 11 Fletcher Place sits next door and is comprised of 2 additional rental units, both beautifully renovated with separate utilities, including mini spits! The 1 bed, ¾ bath upper unit includes a bright living room and fantastic eat-in kitchen with stainless appliances. The lower studio unit features a bright kitchen with granite countertops and ¾ bathroom with marble countertops. Tenants pay all utilities- see utility information document for more details. Fully rented out, this low-maintenance property with a desirable 6.59% cap rate is a must-see for investors!


Status:

Active

Type:

Multi-family

Units:

5

Zoning:

Res-Medium Intensity

Frontage:

62

Heating:

Baseboard, Heat Pump

Cooling:

Mini Split

Basement:

Unfinished, Interior Access

Parking:

Driveway, Off Street, On Street, Parking Spaces 3, Unpaved

Acreage:

0.08

Est. Taxes:

$18,073

Lot Description:

City Lot,Curbing,Level,Sidewalks,Street Lights,Near School(s)

Elementary School:

Choice

Middle School:

Edmunds Middle School

High School:

Burlington High School

School District:

Burlington School District

MLS #:

5021247


Community Info

School Info

Walk Score

Mass Transit

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