Multi-Family for Sale: 7-11 Fletcher Place, Burlington, VT 05401

6 beds
5 full baths
2,982 sqft
$1,050,000
$1,050,000
7-11 Fletcher Place, Burlington, VT 05401
6 beds
5 full baths
2,982 sqft
$1,050,000
Remove from
Favorites
Add to
Favorites
Add to
Trip Map
Hide Share or
Email
Price:
$1,050,000

Type Multi-Family
Style Multi-Family
Beds 6
Total Baths 5 full baths
Square Feet 2,982 sqft
Lot Size 0.08 acres
Year Built 1900
Taxes Paid $18,072

City Burlington
County Chittenden
School District Burlington School District

MLS 5021247
Status Active
DOM 2 days
Location, location, location! Fantastic two-building, 5-unit investment property in close proximity to UVM, UVM Medical Center, and downtown Burlington! 7 Fletcher Place, the largest of the two buildings, houses 3 of the rental units. Off the front porch, access unit 1 on the first floor, comprised of 2 bedrooms, an updated ¾ bathroom, and open-concept living/dining/kitchen area. Upstairs, unit 2 is a 2 bed, 1 bath, offering a bright kitchen/dining room with granite countertops and stainless appliances, welcoming living space, and 2 bonus spaces. The 1 bed, 1 bath 3rd unit of this building has a private entrance at the rear and offers a convenient mudroom area, open-concept living/dining/kitchen. The basement of 7 Fletcher has 2 washers and dryers, currently free for all tenants, and storage space. On the same lot, 11 Fletcher Place sits next door and is comprised of 2 additional rental units, both beautifully renovated with separate utilities, including mini spits! The 1 bed, ¾ bath upper unit includes a bright living room and fantastic eat-in kitchen with stainless appliances. The lower studio unit features a bright kitchen with granite countertops and ¾ bathroom with marble countertops. Tenants pay all utilities- see utility information document for more details. Fully rented out, this low-maintenance property with a desirable 6.59% cap rate is a must-see for investors!

Lot & Building Features

Appliances Water Heater – Owned, Water Heater–Natural Gas, Water Heater – Tank, Water Heater – Shared, Water Heater – Separate
Utilities Cable - Available, Telephone Available
Construction Wood Frame, Wood Siding
Cooling Mini Split
Heat Source Gas - Natural
Heating Baseboard, Heat Pump
Parking Description Driveway, Unpaved, Parking Spaces 3, On Street, Off Street
Sewer Public
Tax Year 2024
Taxes Paid $18,072
Water Public
Basement Description Interior Access, Unfinished
Foundation Brick, Stone
Lot Description City Lot, Street Lights, Sidewalks, Near School(s), Level, Curbing
Roof Shingle
Features Exterior Porch, Porch - Enclosed, Porch - Covered
Garage No

Community and Schools

Elementary School Choice
Junior High School Edmunds Middle School
Senior High School Burlington High School

Unit Features

Unit 1 Apx Sqft 640
Unit 1 Baths 1
Unit 1 Bedrooms 2
Unit 1 Info Appliances Included, Refrigerator, Range - Electric, Heat - Natural Gas, Dishwasher
Unit 1 Lease Term Annual
Unit 1 Level Number 1
Unit 1 Rental Agreement Yes
Unit 1 Rental Amount 2050.00
Unit 1 Rental Amt Freq Monthly
Unit 1 Rooms 4
Unit 1 Status Leased
Unit 1 Style 2 Bedroom Apartment
Unit 1 Tenant Pays Electric, Water, TV Service, Trash, Sewer, Internet Service, Hot Water, Heat
Unit 2 Apx Sqft 813
Unit 2 Baths 1
Unit 2 Bedrooms 2
Unit 2 Info Appliances Included, Refrigerator, Range - Electric, Heat - Natural Gas, Dishwasher
Unit 2 Lease Term Annual
Unit 2 Level Number 2
Unit 2 Rental Agreement Yes
Unit 2 Rental Amount 2600.00
Unit 2 Rental Amt Freq Monthly
Unit 2 Rooms 6
Unit 2 Status Leased
Unit 2 Style 2 Bedroom Apartment
Unit 2 Tenant Pays Electric, Water, TV Service, Trash, Sewer, Internet Service, Hot Water, Heat
Unit 3 Apx Sqft 331
Unit 3 Baths 1
Unit 3 Bedrooms 1
Unit 3 Info Appliances Included, Refrigerator, Range - Gas, Mudroom, Heat - Natural Gas
Unit 3 Lease Term Annual
Unit 3 Level Number 2
Unit 3 Rental Agreement Yes
Unit 3 Rental Amount 1450.00
Unit 3 Rental Amt Freq Monthly
Unit 3 Rooms 3
Unit 3 Status Leased
Unit 3 Style 1 Bedroom Apartment
Unit 3 Tenant Pays Electric, Water, TV Service, Trash, Sewer, Internet Service, Hot Water, Heat
Unit 4 Baths 1
Unit 4 Bedrooms 0
Unit 4 Info Appliances Included, Water Heater, Refrigerator, Range - Electric, Other, Dishwasher
Unit 4 Lease Term Annual
Unit 4 Level Number 11 - Lower
Unit 4 Rental Agreement Yes
Unit 4 Rental Amount 1500.00
Unit 4 Rental Amt Freq Monthly
Unit 4 Rooms 2
Unit 4 Status Leased
Unit 4 Style Studio Apartment
Unit 4 Tenant Pays Cooling, Water, TV Service, Trash, Sewer, Internet Service, Hot Water, Heat, Electric
Unit 5 Apx Sqft 460
Unit 5 Baths 1
Unit 5 Bedrooms 1
Unit 5 Info Appliances Included, Water Heater, Refrigerator, Range - Electric, Other, Dishwasher
Unit 5 Lease Term Annual
Unit 5 Level Number 11 - Upper
Unit 5 Rental Agreement Yes
Unit 5 Rental Amount 1800.00
Unit 5 Rental Amt Freq Monthly
Unit 5 Rooms 4
Unit 5 Status Leased
Unit 5 Style 1 Bedroom Apartment
Unit 5 Tenant Pays Cooling, Water, TV Service, Sewer, Internet Service, Hot Water, Heat, Electric

Price History of 7-11 Fletcher Place

Date Name Price Difference
11/06/2024 Listing Price $1,050,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Comparable Properties Sold Near By

Low
$820,000
$282 / sqft
Average
$820,000
$282 / sqft
High
$820,000
$282 / sqft

Address City Zip Beds Baths Price Sq. Ft. $/SQFT Sold Date
This Listing Burlington 05401 6 5.0 $1,050,000 2,982 $352 N/A
38-40 Monroe Street Burlington 05401 5 4.0 $820,000 2,910 $282 11/14/2023

Map of 7-11 Fletcher Place, Burlington, VT

Location Map Street View
Photo of Jacqui Coons
Direct: 603-490-2511
Office
240 Ocean Blvd
Seabrook Beach, NH 03874
603-474-3401
Listed by Polli Properties, Elise Polli
$
20%
1.721219047619%
6.75%
$
$
$
Monthly Payment
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI

7-11 Fletcher Place (MLS #5021247) is a multi-family listing located in Burlington, VT. This multi-family listing is 2,982 sqft and on a lot of 3,485 sqft (or 0.08 acres) with 6 bedrooms, 5 baths and is 124 years old. This property was listed on 11/06/2024 and has been priced for sale at $1,050,000.

The 5 bedroom multi-family listing at 38-40 Monroe Street in Burlington is nearby and sold for $820,000 on 11/14/2023.

Nearby zip codes are 05402, 05403, 05404, 05408 and 05446. This property neighbors other cities such as Colchester, Essex, Essex Junction, South Burlington and Winooski.

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: Polli Properties

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 11/08/2024