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Listed by Lipkin Audette Team • Coldwell Banker Hickok and Boardman
$7,305,000
Est. payment /mo
19,131 SqFt
UPDATED:
12/13/2024 08:15 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 19,131 sqft
Price per Sqft $381
MLS Listing ID 5024258
Construction Status Existing
Year Built 2023
Annual Tax Amount $92,392
Tax Year 2024
Lot Size 1.230 Acres
Acres 1.23
Property Description
Capitalize on one of the most vibrant and sought-after rental markets in the United States. This student rental portfolio features 4 properties with 7 multi-family buildings comprising 19 units and 55 beds, plus a bonus subdivision opportunity for additional upside. Each property in this portfolio features updated interiors designed for tenant comfort and convenience as well as ease of maintenance. Modern finishes, energy-efficient appliances, and open layouts ensure these units appeal to discerning renters. Numerous upgrades and improvements, including a new 4-unit building with 12 bedrooms constructed in 2023 offering state-of-the-art, energy-efficient designs meeting the latest housing standards. Key investment advantages include newly built/renovated properties, long-term leases in prime Burlington locations. Burlington, Vermont, is a jewel in New England's real estate market well known as the home to University of Vermont, Champlain College, St. Michael's College, as well as the UVM Medical Center a renowned major regional hospital, all within 10 minutes to Burlington International Airport and Lake Champlain. This portfolio provides an excellent opportunity to benefit from steady rental income in a low-vacancy market, while also enjoying long-term value appreciation in one of New England's strongest real estate markets.
Location
State VT
County Vt-chittenden
Area Vt-Chittenden
Zoning RM, RL, NMU
Rooms
Basement Entrance Walk-up
Basement Unfinished
Interior
Cooling None
Exterior
Utilities Available Cable - Available
Roof Type Shingle - Asphalt,Slate
Building
Story 2.5
Foundation Brick, Stone
Sewer Public
Construction Status Existing
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