18 Park St, Burlington, VT 05401

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Listed byColdwell Banker Hickok and Boardman
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Overview

Buyer Opportunity: Well-Located 10-Unit Investment with Strong Cash Flow & 9%+ Cap Rate. Rare opportunity to own a 10-unit multi-family property in one of Burlington's most sought-after downtown locations, directly across from Battery Park and moments from the waterfront, bike path, Church Street, restaurants, and downtown employers. The property includes two buildings with a strong unit mix made up of highly desirable and easy-to-rent 1-bedroom and studio apartments - layouts that continue to see consistent demand from tenants seeking downtown living with ample parking! The front brick building contains 4 distinctive apartments, while the rear building offers 6 single-level apartments with straightforward layouts. Well-maintained with fresh paint and tenants paying heat and electric, this property offers easy-to-rent apartments with laundry and a strong cash return in a premier Burlington location!

Location

Full feature list

Basic info

Property type
Other residential
Number of stories
2
Lot size (acres)
0.21
Year built
1845

Interior features

Basement
Yes, Finished

Utilities

Heating
Natural Gas
Cooling
None

Public schools

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Sourced from: PrimeMLS MLS®#: 5088609 Last checked:

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