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214-216 Pine Street, Burlington, VT, 05401 | $659,000
Attention investors! If you are looking for a low maintenance investment property, then this fully-rented building is for you. Centrally located in the heart of Burlington, this triplex apartment building on Pine Street is ready for its next owner. The property boasts a fantastic layout with 2 bedrooms in each unit. Unit C is a month to month lease and is 2 stories. Units A and B feature identical floor plans with comfortable bedrooms located off the kitchen, spacious sun filled living rooms with new crown molding, and full bathrooms. Unit C is a rare find for Burlington apartments, with a multi-level layout. A convenient full kitchen, living room and bathroom are found on the first floor, and 2 cozy bedrooms are located upstairs. The property has been well maintained and enjoys many recent upgrades including 6 new lolly columns in the basement, and Unit B has been completely remodeled in the last year, including some new windows, laundry hookups and all new flooring. Perfect addition to your investment portfolio or an excellent option for your college student to rent out while producing additional income from other units. Minimal need for vehicles at this property as it's situated in an incredible walkable location, less than a 10 minute walk to the Burlington Waterfront and Church Street Marketplace. Just 2 blocks from Perkins Pier and the Island Line bike/rec path.
Features
- Rooms: 15
- Bedrooms: 6
- Baths: 3 full
- Units: 3
- Style: Apartment Building
- Year Built: 1899
- Heating: Monitor Type
- Cooling: None
- Basement: Crawl Space,Partial,Unfinished
- Approx Sq. Feet: 1,772
- Acreage: 0.04
- Est. Taxes: $8,892
- Lot Desc: City Lot
- High School: Burlington High School
- School District: Burlington School District
- MLS#: 5015105
- Website: https://www.raveis.com
/prop/5015105/214216pinestreet_burlington_vt?source=qrflyer
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 PrimMLS. 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 last updated 11/14/2024Listing courtesy of Ridgeline Real Estate Phone: 802-735-7353
Listing Agent: Amanda Headley
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Brian SkellyVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 793093
203.415.2989
Brian.Skelly@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
214-216 Pine Street, Burlington, VT, 05401
$659,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Brian Skelly
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.415.2989
Brian.Skelly@raveis.com
NMLS Mortgage Loan Originator ID 793093
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $527,200 | $527,200 | $527,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 7.250% | 6.990% | 5.990% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.655% | 7.146% | 6.276% |
| Monthly Tax Payment | $741 | $741 | $741 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,596 | $3,504 | $4,446 |
| Total Monthly Payment | $4,429 | $4,337 | $5,279 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484