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Call: (603) 738-3000
Email: ctatro@christinetatro.com
61 Elmwood Avenue Burlington, VT 05401
Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.
The location offers many advantages with its proximity to essential amenities like Pearl Street, Church Street, the waterfront, universities and colleges, and the medical center. The setup of 16 one-bedroom condos with hardwood flooring and tile, along with off-street parking and laundry facilities, is attractive for tenants. The fact that the property is condominiumized is a significant advantage as it allows potential buyers to sell units individually, which can be a great selling point. Additionally, the ease of renting, managing, and maintaining the property makes it even more appealing. Properties in sought-after areas like this can indeed be rare finds. The location, amenities, and potential for future flexibility could make it a highly desirable investment for real estate investors. The current cap rate is 7%, with the ability to quickly increase the monthly rents within year one of ownership.
19 hours ago | Listing updated with changes from the MLS® | |
2 months ago | Price changed to $2,395,000 | |
4 months ago | Price changed to $2,625,000 | |
5 months ago | Listing first seen online |
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Data Last Updated: 2024-05-02 08:30 PM UTC
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