7-11 Fletcher PL, Burlington, VT 05401 - MLS#5021247

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Adam Gustafson

adam@todayrealestate.com +1(781) 696-3049

Listed by Elise Polli • Polli Properties

$1,050,000

Est. payment - /mo

6 Beds

5 Baths

2,982 SqFt

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UPDATED:

11/06/2024 05:10 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,982 sqft

Price per Sqft $352

MLS Listing ID 5021247

Bedrooms 6

Full Baths 5

Construction Status Existing

Year Built 1900

Annual Tax Amount $18,072

Tax Year 2024

Lot Size 3,484 Sqft

Acres 0.08

Property Description

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!

Location

State VT

County Vt-chittenden

Area Vt-Chittenden

Zoning Res-Medium Intensity

Rooms

Basement Entrance Walk-up

Basement Unfinished, Interior Access

Interior

Heating Gas - Natural

Cooling Mini Split

Flooring Hardwood, Tile, Vinyl

Exterior

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

Utilities Available Cable - Available, Telephone Available

Roof Type Shingle

Building

Story 2

Foundation Brick, Stone

Sewer Public

Construction Status Existing

Schools

Elementary Schools Choice

Middle Schools Edmunds Middle School

High Schools Burlington High School

School District Burlington School District

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Adam Gustafson

+1(781) 696-3049

Broker Manager | License ID: 9565668

Broker Manager License ID: 9565668

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