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  • Listed by: 

    Smith Macdonald Group,

    Coldwell Banker Carlson Real Estate 802-253-7358

    $2,700,000

    31 Hyde Street, Burlington, VT 05401

    --beds
    --baths
    10,852sqft
    Multi Family
    Built in 1985
    -- sqft lot
    $990,300 Zestimate®
    $249/sqft
    $2,031 Estimated rent

    What's special

    An Exceptional Investment Opportunity! This property consists of ten total units, eight 3-bedroom, 1.5-bath condos built in 1985 and a two-story attached duplex constructed in 1930, all within the Opportunity Zone. The interiors of all units have recently received fresh paint, and many boast upgraded flooring. Exterior enhancements include compliance with zoning regulations, such as new sidewalks and curbing, illuminated by energy-efficient LED lighting. The driveway has been leveled for added convenience, and a protective fence now shields the previous surface while enhancing curb appeal. This investment is already above a 7% cap rate, with substantial net operating income (NOI) and 100% occupancy over many years. With minimal investment and strategic rental turnover, there's significant potential to increase the NOI. This can substantially elevate the property's overall valuation. Moreover, an exceptional management company is in place to expertly navigate the property's operations, drive revenue, and ensure a hassle-free investment experience. Take advantage of this outstanding opportunity for a high-yield, value-increasing investment.

    Zillow last checked: 7 hours ago

    Listing updated: April 01, 2024 at 02:00pm

    Listed by:

    Smith Macdonald Group,

    Coldwell Banker Carlson Real Estate 802-253-7358

    Bought with:

    Wen Dong

    KW Vermont

    Source: PrimeMLS,MLS#: 4976648MLS Logo

    Facts & features

    Interior

    Heating
    • Baseboard, Direct Vent, Electric, Gas Heater
    Cooling
    • None
    Features
    • Basement: Dirt Floor,Partial,Slab,Unfinished,Interior Entry
    Interior area
    • Total structure area: 11,692
    • Total interior livable area: 10,852 sqft
    • Finished area above ground: 10,852

    Property

    Parking
    • Parking features: Gravel, Parking Spaces 1 - 10
    Features
    • Levels: Two
    • Frontage length: Road frontage: 96
    Lot
    • Size: 0.50 Acres
    • Features: City Lot, Condo Development, Level, Sidewalks
    Details
    • Parcel number: 11403515709
    • Zoning description: Res- Med Den

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Wood Frame, Vinyl Siding, Wood Siding
    • Foundation: Concrete, Slab - Concrete
    • Roof: Shingle,Slate
    Condition
    • New construction: No
    • Year built: 1985

    Utilities & green energy

    • Electric: Circuit Breakers
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Available, Natural Gas Connected, Fiber Optic Internt Avail

    Community & neighborhood

    Location
    • Region: Burlington
    Services availability