Smith Macdonald Group
This listing was posted on Smith Macdonald Group (via ListedBuy).
$2,900,000
61 Elmwood Avenue, Burlington, VT 05401
Price:
$2,900,000
BR/BA:
10+ BA
Location:
61 Elmwood Avenue, Burlington, VT
Description:
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 saleing, 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 sales within year one of ownership. Still available at ListedBuy!
Property Type:
Multi-Family Residences for Sale
Sq feet:
8,736 sq. ft.
Amenities:
Parking, Wood Floors
For sale by:
Agent/Broker
Agent Name:
Smith Macdonald Group
Posted:
February 16 on ListedBuy
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More About this Listing: 61 Elmwood Avenue, Burlington, VT 05401
61 Elmwood Avenue, Burlington, VT 05401 is a 10 Bathroom, 10+ BA, 16 Bathroom Multi-Family Real Estate for Sale at 61 Elmwood Avenue in Burlington VT. Find other listings like 61 Elmwood Avenue, Burlington, VT 05401 and listings near 61 Elmwood Avenue by searching Oodle Classifieds for 10 Bathroom, 10+ BA, 16 Bathroom Multi-Family Real Estate for Sale in Burlington VT.
61 Elmwood Avenue, Burlington, VT 05401 is a 10 Bathroom, 10+ BA, 16 Bathroom Multi-Family Real Estate for Sale at 61 Elmwood Avenue in Burlington VT. Find other listings like 61 Elmwood Avenue, Burlington, VT 05401 and listings near 61 Elmwood Avenue by searching Oodle Classifieds for 10 Bathroom, 10+ BA, 16 Bathroom Multi-Family Real Estate for Sale in Burlington VT.