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Listed by Curtis Trousdale of Preferred Properties (Off: 802-862-9106)

Listing Sold by Flex Realty
These two adjoining duplexes being sold together, but deeded separately, offer an excellent opportunity to expand your investment portfolio in Burlington's Old North End! Each building has its own driveway that lead to large back grassy adjoining backyards - a real rarity in the Old North End. Each unit has a deck. Unit 44 has historically been owner occupied; the remaining 3 units have not been leased for at least 3 years. All units have their own separate utilities for heat, electric, hot water, & internet/cable/TV; each duplex has one water/sewer meter. All units have natural gas-powered Rinnai direct vent heaters with their own meters. 4 ranges & 3 refrigerators will convey with the sale. Two of the units need some renovation; the other two have been upgraded with paint, rugs, etc. Once renovated, we conservatively estimate that the monthly rental amounts for the three 2-bedroom units will be $1500 - $1650/month & the one 3-bedroom unit will be $2000 to $2200/month, but please do your own research. A Rental Certificate of Compliance for 42-44 Cedar was just issued & will expire in 2026. 38-40 Cedar's Rental Certificate of Compliance completed in 2017 has expired. Duplexes are being sold as is; seller will prefer offers with no contingencies. Per the Burlington Fire Marshal, no Time of Sale Inspection is required for the sale since the units are all vacant. Additional documentation available.

More Info

Tax Information

  • Tax Year2022

Building

  • Year Built1910
  • Building ConstructionWood Frame
  • StyleMulti-Family
  • Units4
  • Unit 1 Bath1
  • Unit 1 Bedrooms2
  • Unit 1 Floor Location1
  • Unit 1 Total Rooms4
  • Unit 2 Bath1
  • Unit 2 Bedrooms3
  • Unit 2 Floor Location2
  • Unit 2 Total Rooms5
  • Unit 3 Bath1
  • Unit 3 Bedrooms2
  • Unit 3 Floor Location1
  • Unit 3 Total Rooms4
  • Unit 4 Bath1
  • Unit 4 Floor Location2
  • Unit 4 Total Rooms4
  • # of 2 Bedrooms3
  • # of 3+ Bedrooms1
  • BasementDirt, Dirt Floor, Unfinished, Interior Access
  • FoundationBrick, Stone

Basic Information

  • StatusSLD
  • List Price$775,000
  • Date Price Change09/08/2022
  • MLS Number4928831
  • MLS StatusClosed
  • Sale Date11/30/2022

Property

  • Acreage0.17
  • Parking Spaces
  • Lot DescriptionCity Lot, Level, Sidewalks, Street Lights
  • Square Feet3,006
  • APX Fin AG Sqft3,006
  • Road Frontage75
  • RoadsPaved, Public
  • AreaNeighborhood

Amenities

  • Exterior AmenitiesFence - Partial, Porch, Porch - Covered

Water Body

  • Water AccessNo
  • Water ViewNo

Other

  • Taxes$15,690.24
  • Seasonal Y/NNo
  • Date Listed09/08/2022
  • View Count2

Location

  • TownBurlington
  • StateVT
  • Zip05401
  • CountyChittenden
  • ZoningResidential - Medium Dens
  • Elementary SchoolAssigned
  • Junior HighLyman C. Hunt Middle School
  • High SchoolBurlington High School
  • Flood Zone Y/NUnknown

Interior

  • FloorsCombination

Exterior

  • ExteriorVinyl Siding
  • RoofShingle - Asphalt, Slate

Utilities

  • Heat FuelGas - Natural
  • Heat SystemDirect Vent, Hot Air
  • WaterPublic, Public Water - On-Site
  • Water HeaterOwned, Rented
  • ElectricOn-Site
  • SewerPublic, Public Sewer On-Site
  • UtilitiesCable - Available, High Speed Intrnt -Avail, Telephone Available

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Copyright 2023 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 October 4, 2023 3:24 AM EDT

 

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