38-40 Monroe Street Burlington, VT 05401
Listing Courtesy of: PrimeMLS / Coldwell Banker Hickok & Boardman / Dora Dernavich / Lipkin Audette Team and Coldwell Banker Hickok And Boardman

  38-40 Monroe Street Burlington, VT 05401

Sold (81 Days)
$820,000
5
BED
4
BATH
2,910
SQFT

Description

Located just a few blocks from Church Street, this Queen Anne style 4-unit property "commands an excellent corner location" on Monroe Street, to quote Burlington historical records. This property has been maintained by the same family for decades and is ready for new owners to take over this great investment opportunity. Inside you'll find much of the vintage charm remains. Original wood trim and built-ins with updates mixed in, including newer wood windows, custom showers, updated plumbing, and major insulation improvements. With projected rents and many deferred maintenance projects already completed by the seller, this is a great opportunity to invest in a quality property. The entire first floor is a 2-bedroom unit, which could be a great option for owner-occupying. The second floor houses a 1-bedroom apartment as well as a studio, and the final 1-bedroom apartment sits on the third floor. A large clean basement provides tons of storage space along with laundry hook-ups. There is also a large 2-bay outbuilding in front of the 4 off-street parking spaces. Move in and have the majority of your mortgage covered, or rent it out with the tenants of your choice and add this great property to your portfolio. Located just a couple blocks from the Burlington Waterfront, Battery Park, and of course popular Church Street.

MLS #:
4961401
Taxes
$11,146(2024)
Lot Size
4,356 SQFT
Type
Multifamily
Year Built
1899
Style
Multi-Family, Historic Vintage
School District
Burlington School District
County
Chittenden County

Listed By

Dora Dernavich, Coldwell Banker Hickok & Boardman
Bought with
Lipkin Audette Team, Coldwell Banker Hickok And Boardman
Source
PrimeMLS
Last checked Apr 12 2024 at 2:31 PM GMT+0000
Bathroom Details
Lot Information
  • Corner
  • City Lot
Property Features
  • Foundation: Brick
  • Foundation: Stone
Heating and Cooling
  • Radiator
  • Hot Water
  • None
Basement Information
  • Unfinished
  • Storage Space
Flooring
  • Carpet
  • Laminate
  • Tile
  • Wood
Exterior Features
  • Brick Veneer
  • Roof: Slate
Utility Information
  • Sewer: Public
  • Fuel: Gas - Natural
School Information
  • Elementary School: Assigned
  • Middle School: Assigned
  • High School: Burlington High School
Garage
  • Other
Parking
  • Parking Spaces 4
Stories
  • 2.5
Living Area
  • 2,910 sqft
Disclaimer: © 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display 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 last updated 4/12/24 07:31