Multi-Family for Sale: 38-40 Monroe Street, Burlington, VT 05401 SOLD

5 beds
4 full baths
2,910 sqft
$820,000
$820,000
38-40 Monroe Street, Burlington, VT 05401 SOLD
5 beds
4 full baths
2,910 sqft
$820,000
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Selling Price: $820,000
Original List Price: $849,000
Sold at 96.6% of list price
Sold Date: 11/14/2023

Type Multi-Family
Beds 5
Total Baths 4 full baths
Square Feet 2,910 sqft
Lot Size 0.10 acres
Year Built 1899

City Burlington
County Chittenden
School District Burlington School District

MLS 4961401
Status Closed
DOM 81 days
Located just a few blocks from Church Street, this Queen Anne style 4-unit property "commands an excellent corner location" on Monroe Street, to quote Burlington historical records. This property has been maintained by the same family for decades and is ready for new owners to take over this great investment opportunity. Inside you'll find much of the vintage charm remains. Original wood trim and built-ins with updates mixed in, including newer wood windows, custom showers, updated plumbing, and major insulation improvements. With projected rents and many deferred maintenance projects already completed by the seller, this is a great opportunity to invest in a quality property. The entire first floor is a 2-bedroom unit, which could be a great option for owner-occupying. The second floor houses a 1-bedroom apartment as well as a studio, and the final 1-bedroom apartment sits on the third floor. A large clean basement provides tons of storage space along with laundry hook-ups. There is also a large 2-bay outbuilding in front of the 4 off-street parking spaces. Move in and have the majority of your mortgage covered, or rent it out with the tenants of your choice and add this great property to your portfolio. Located just a couple blocks from the Burlington Waterfront, Battery Park, and of course popular Church Street.

Lot & Building Features

Utilities Internet - Cable, Internet - Fiber Optic
Cooling None
Heat Source Gas - Natural
Heating Hot Water, Radiator
Parking Description Parking Spaces 4
Sewer Public
Tax Year 2024
Basement Description Storage Space, Unfinished
Foundation Brick, Stone
Roof Slate
Features Exterior Balcony, Porch - Covered, Outbuilding
Garage Yes

Community and Schools

Elementary School Assigned
Junior High School Assigned
Senior High School Burlington High School

Unit Features

Unit 1 Apx Sqft 1164
Unit 1 Baths 1
Unit 1 Bedrooms 2
Unit 1 Lease Term Other
Unit 1 Level Number 1
Unit 1 Rental Agreement Yes
Unit 1 Rental Amount 1600.00
Unit 1 Rental Amt Freq Monthly
Unit 1 Status Leased
Unit 1 Tenant Pays Electric, Internet Service, Hot Water
Unit 2 Baths 1
Unit 2 Bedrooms 1
Unit 2 Level Number 2
Unit 2 Rental Agreement No
Unit 2 Status Leased
Unit 3 Baths 1
Unit 3 Bedrooms 1
Unit 3 Level Number 2
Unit 3 Rental Agreement No
Unit 3 Status Vacant
Unit 4 Apx Sqft 582
Unit 4 Baths 1
Unit 4 Bedrooms 1
Unit 4 Level Number 3
Unit 4 Rental Agreement No
Unit 4 Status Vacant

Price History of 38-40 Monroe Street

Date Name Price Difference
09/27/2023 Price Adjustment $820,000 1.20%
08/23/2023 Price Adjustment $830,000 2.24%
07/14/2023 Listing Price $849,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 38-40 Monroe Street, Burlington, VT

Location Map Street View
Photo of Maureen Carey
Direct: 603-944-7834
Office
560 High Street
Hampton, NH 03842
603-929-1100
Listed by Coldwell Banker Hickok and Boardman, Theadora Dernavich
Sold by Coldwell Banker Hickok and Boardman, Lipkin Audette Team
$
20%
1%
6.75%
$
$
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Principal & Interest
Monthly Taxes
Monthly HOA
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PrimeMLS

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Coldwell Banker Hickok and Boardman

Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers. personal, non- commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 11/12/2024