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