About This Home
This 16-bedroom, 4-bathroom residential multi family at 21 Hyde Street in Burlington, VT is listed for $2,000,000 ($466 per sqft). Built in 1899, the home offers 4,289 sqft of living space on a 0.39 acres lot.
Key Features
- Built in 1899
- 0.39 acre lot
- 2 stories
Property Details
A fantastic investment opportunity awaits within the walls of this well maintained and beautifully located four unit property. 16 Total bedrooms with a history of being rented for $1,100 per bedroom and coin operated washers and dryers bringing in a gross income of over $213,000 annually.
Due to it's nice condition, the property is easily maintained with minimal regular maintenance required netting an annual return of roughly $162,000 or a 8.10% CAP rate, above the market average. Several of the units have been updated and the property features porches and decks, hardwood floors, desirable floorplans, newer mechanicals, and more!
Recent improvements such as: siding, windows, appliances, interior remodeling, and, roof work. This is an ideal rental for all with an incredible commute. Roughly half a mile to Burlington's Church Street and the same distance to UVM's main Campus, and not much further from UVM Medical. Built on 0.39 acres the lot has ample parking space and for your future vision.
Monthly Cost Estimate
$10,696/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
21 Hyde Street
Burlington, VT 05401
Features & Amenities
Exterior Features
Property Details
Flooring
Construction
Pool Features
Parking
Heating
Appliances
Questions & Answers
This 16-bedroom, 4-bathroom residential multi family at 21 Hyde Street is listed at $2,000,000 ($466/sqft). The estimated monthly payment is $10,696 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1899, 0.39 acre lot, 2 stories. Exterior Features: Natural Shade, Covered Porch, Enclosed Porch.
This property is listed by Mikail Stein and can be reached at (802) 655-3333.