31 Hyde StreetBurlington, VT 05401MLS Number 4976648

  • Sale Price: $2,700,000
  • 128 Days Since Sale
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Federal 30-year interest rate: 6.77% last updated on Jul 18, 2024
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31 Hyde Street Burlington VT 0540131 Hyde Street Burlington VT 0540131 Hyde Street Burlington VT 0540131 Hyde Street Burlington VT 0540131 Hyde Street Burlington VT 0540131 Hyde Street Burlington VT 0540131 Hyde Street Burlington VT 0540131 Hyde Street Burlington VT 0540131 Hyde Street Burlington VT 0540131 Hyde Street Burlington VT 0540131 Hyde Street Burlington VT 0540131 Hyde Street Burlington VT 0540131 Hyde Street Burlington VT 0540131 Hyde Street Burlington VT 0540131 Hyde Street Burlington VT 0540131 Hyde Street Burlington VT 0540131 Hyde Street Burlington VT 0540131 Hyde Street Burlington VT 0540131 Hyde Street Burlington VT 0540131 Hyde Street Burlington VT 0540131 Hyde Street Burlington VT 0540131 Hyde Street Burlington VT 0540131 Hyde Street Burlington VT 05401
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  • 0.5Acreage
  • 1985Year Built
  • 10,852Square Feet
  • 2023Tax Year

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Listed by Smith Macdonald Group of Coldwell Banker Carlson Real Estate

Listing Sold by KW Vermont
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.

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Tax Information

  • Tax Year2023

Building

  • Year Built1985
  • Building ConstructionWood Frame
  • StyleTownhouse
  • Units10
  • # of 3+ Bedrooms10
  • BasementDirt Floor, Partial, Slab, Unfinished
  • FoundationConcrete, Slab - Concrete

Amenities

  • PricePerSqFt248.8

Other

  • Taxes$42,575
  • Seasonal Y/NNo
  • Date Listed11/03/2023
  • View Count20

Basic Information

  • StatusSLD
  • List Price$3,295,000
  • Date Price Change12/15/2023
  • MLS Number4976648
  • MLS StatusClosed
  • Sale Date03/15/2024

Exterior

  • ExteriorVinyl Siding, Wood Siding
  • RoofShingle, Slate

Utilities

  • Heat FuelElectric, Gas - Natural
  • Heat SystemBaseboard, Direct Vent, Electric, Gas Heater
  • WaterPublic
  • Water HeaterElectric, Gas - Natural, Owned, Tank
  • ElectricCircuit Breaker(s)
  • SewerPublic
  • UtilitiesCable - Available, Gas - On-Site

Location

  • TownBurlington
  • StateVT
  • Zip05401
  • CountyChittenden
  • ZoningRes- Med Den
  • Flood Zone Y/NUnknown

Property

  • Acreage0.5
  • Parking Spaces
  • Lot DescriptionCity Lot, Condo Development, Level, Sidewalks
  • Square Feet10,852
  • APX Fin AG Sqft10,852
  • Road Frontage96
  • RoadsPublic
Dousevicz Real Estate
Dousevicz Real Estate
Office: 802-879-4477
21 Carmichael St
Essex, VT 05452
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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 July 21, 2024 5:37 AM EDT

 

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