21-25 Elmwood Avenue
21-25 Elmwood Avenue
21-25 Elmwood Avenue
21-25 Elmwood Avenue
21-25 Elmwood Avenue
21-25 Elmwood Avenue
21-25 Elmwood Avenue
21-25 Elmwood Avenue
21-25 Elmwood Avenue
21-25 Elmwood Avenue
21-25 Elmwood Avenue
21-25 Elmwood Avenue
21-25 Elmwood Avenue
21-25 Elmwood Avenue
21-25 Elmwood Avenue
21-25 Elmwood Avenue
21-25 Elmwood Avenue
21-25 Elmwood Avenue
21-25 Elmwood Avenue
21-25 Elmwood Avenue
21-25 Elmwood Avenue
21-25 Elmwood Avenue
21-25 Elmwood Avenue
21-25 Elmwood Avenue
21-25 Elmwood Avenue
21-25 Elmwood Avenue
21-25 Elmwood Avenue
21-25 Elmwood Avenue
21-25 Elmwood Avenue
21-25 Elmwood Avenue
21-25 Elmwood Avenue
21-25 Elmwood Avenue
21-25 Elmwood Avenue
21-25 Elmwood Avenue
21-25 Elmwood Avenue
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$2,925,000

21-25 Elmwood Avenue

9,987 Sq.Ft.

Description

A 19-unit multi-family property in the heart of downtown Burlington, adjacent to the Federal Building/Post Office and within a block of Church Street, holds immense value due to its prime location. The consistent lack of vacancies speaks volumes about the desirability of these units, indicating a strong demand from potential tenants. The property's composition, including a stand-alone single-family 3-bedroom carriage house and the main building with 18 units (one used as a maintenance office), offers diversity and potential for different rental strategies. Moreover, the recent updates, such as the new boiler and hot water tanks, demonstrate a commitment to maintenance and modernization, making the property even more attractive to potential buyers. Given the scarcity of properties of this size and caliber in such a prime location, this opportunity could be highly sought-after by investors looking to capitalize on a stable, income-generating asset in downtown Burlington. Already a 8% cap rate with easy room for improvement.

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Location

21-25 Elmwood Avenue, Burlington, VT 05401

Status

For Sale

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Thank you for your interest in 21-25 Elmwood Avenue, Burlington, VT 05401. We are reviewing your request and will be in touch shortly!

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Property Amenities

Area & Lot
Lot Area 0.26 Acres
Living area 9,987 Sq.Ft.
MLS® ID 4980375
Year Built 1900
Type Multi-Family
Status For Sale
Exterior
Air conditioning None
Heat type Hot Water, Electric, Gas - Natural
Sewer Public
Roof Shingle - Asphalt
Finance
Sales Price $2,925,000
Real Estate Tax $61,486 yearly

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