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61 Elmwood Avenue, Burlington, VT 05401

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For Sale

$2,395,000

16 beds

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family Home
    Property type

  • Over 50 Years Old
    Age

Explore this Property

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 almost 7%, with the ability to quickly increase the monthly rents within year one of ownership.
MLS# 4980374

Courtesy Of Coldwell Banker Carlson Real Estate

(802) 253-7358

Property Features

  • Age
    Over 50 Years Old
  • Exterior Description
    Brick, Wood Frame, Vinyl Siding, Wood Siding
  • Heating - Fuel Type
    Gas
  • Heating Type
    Baseboard
  • Lot Size
    Under 1/2 Acre, 0.3 Acres
  • Roof
    Metal Roof
  • Sewer
    Public
  • Style
    2 Story
  • Water
    Municipal Water

Map and Directions

Directions to 61 Elmwood Avenue, Burlington, VT 05401

Home seller CENTURY 21 MRC

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 MRC

(802) 782-8662
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Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
    $0
  • Property Taxes
    $0
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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Data powered by Attom Data Solutions. Copyright© 2024. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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