460-462 Colchester Avenue
Burlington, VT 05401
$699,999
Price
4
Beds
2
Baths
2,136 Sq. Ft.
$328 / Sq. Ft.
2,136
Sq. Ft.
$328
per Sq. Ft.
Description
Phenomenal 2-unit turn-key investment property in Burlington! You'll get the best of both worlds as this property is a stone's throw to Winooski restaurants, bars, and shopping. You'll also be minutes away from UVM, Champlain College, Saint Michael's College, and UVM Medical Center making this property a highly attractive option to renters. Unit 1 offers 2 bedrooms and a full bathroom, as well as a spacious, bright living room with an open flow to a roomy kitchen equipped with updated stainless appliances...Phenomenal 2-unit turn-key investment property in Burlington! You'll get the best of both worlds as this property is a stone's throw to Winooski restaurants, bars, and shopping. You'll also be minutes away from UVM, Champlain College, Saint Michael's College, and UVM Medical Center making this property a highly attractive option to renters. Unit 1 offers 2 bedrooms and a full bathroom, as well as a spacious, bright living room with an open flow to a roomy kitchen equipped with updated stainless appliances and plenty of storage/counter space. There is also a full basement where the washer/dryer are located! Unit 2, located on the second and third floor, is a sunny unit featuring two spacious bedrooms as well as a large flex space on the third floor. The living room, bathed in natural light, provides a relaxing place to unwind after a long day. The kitchen in this unit also boasts updated stainless appliances and plenty of storage space as well. As you wander to the outside, enjoy a lovely, covered porch facing the city of Winooski, perfect for relaxing with friends. The spacious backyard with a patio is a fun spot to grill and play yard games. Both units offer a washer/dryer and two off-street parking spaces per unit as an added bonus. Conveniently, the bus stop is located right in front of the property making commutes to and from your daily activities a breeze year-round!
- Listed by Sarah Harrington • Coldwell Banker Hickok and Boardman
Property Details for 460-462 Colchester Avenue
Parking
Driveway, Parking Spaces 4
ZoningResidential
LISTING UPDATED: 10/03/2024 02:34 PM
Property Details for 460-462 Colchester Avenue
| Status | Active |
|---|---|
| MLS # | 4999496 |
| Days on Market | 168 |
| Taxes | $14,160 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi Family |
| Year Built | 1900 |
| Lot Size | 0.15 AC / 6,534 SF |
| County | Chittenden County |
Building Information for 460-462 Colchester Avenue
Stories2Residences2Year Built1900Building Size-Lot Size0.15 AC / 6,534 SF
Property Information for 460-462 Colchester Avenue
Summary
Location and General Information
- Area Description: Near Paths, Near Shopping, Near Public Transportatn, Near Hospital
- City: Burlington
- County: VT-Chittenden
- Latitude: 44.487591961931990
- Longitude: -73.187070822090149
- Road Frontage: Yes
- Seasonal: No
- State: VT
- Street Designation: Avenue
- Zip Code: 05401
Taxes and HOA Information
- SPAN Number: 114-035-14223
- Tax Year: 2024
- Tax Year Notes: 2024-2025
- Taxes TBD: No
School Information
- School - High: Burlington High School
- School - District: Burlington School District
- School - Elementary: Choice
- School - Middle/Jr: Choice
Parking
- Garage: No
- Driveway: Paved
Property
Lot Information
- Lot - Sqft: 6534.0
- Lot Features: City Lot, Curbing, Sidewalks, Street Lights, Trail/Near Trail
- Lot Size Acres: 0.15
- Road Frontage Length: 100.0
- Square Feet Apx Finished Above Grade: 2136.0
- Square Feet Apx Finished AG Source: Public Records
- Square Feet Apx Finished Below Grade: 0.0
- Square Feet Apx Finished BG Source: Public Records
- Square Feet Apx Total: 2976.0
- Square Feet Apx Total Finished: 2136.0
- Square Feet Apx Unfinished Above Grade: 0.0
- Square Feet Apx Unfinished AG Source: Public Records
- Square Feet Apx Unfinished Below Grade: 840.0
- Square Feet Apx Unfinished BG Source: Public Records
Property and Assessments
- Property Class: Multi-Family
- Construction Status: Existing
- Easements: No
- Flood Zone: Unknown
- Foundation: Stone
- PreConstruction: No
- Surveyed: Unknown
- Year Built: 1900
Green Features
- Green Energy Efficient: Appliances
Utilities
- Electric Company: Burlington Electric
- Cable Company: Burlington Telecom
- Fuel Company: Vermont Gas
- Electric: 100 Amp, Circuit Breaker(s)
- Sewer: Public
- Water Source: Public
- Utilities: Cable, Gas - Underground
- Total Gas Meters: 2
- Total Electric Meters: 3
- Separate Utilities: Yes
- Internet: Internet - Fiber Optic
Interior and Exterior Features
Exterior Features
- Color: Grey
- Construction Materials: Wood Frame, Clapboard Exterior, Wood Exterior
- Features - Exterior: Fence - Partial, Natural Shade, Patio, Porch, Shed, Storage
- Roads: Paved, Public
- Roof: Membrane, Slate
- Total Ranges: 2
Interior Features
- Appliances: Water Heater – Electric, Water Heater – Owned, Water Heater – Tank
- Basement: Yes
- Basement Access Type: Interior
- Basement Description: Bulkhead, Concrete, Concrete Floor, Dirt, Dirt Floor, Full, Slab, Stairs - Interior, Storage Space, Unfinished, Stairs - Basement
- Total Full Baths: 2
- Flooring: Ceramic Tile, Hardwood, Softwood, Tile
- Heat Fuel: Gas - Natural
- Heating: Hot Air
- Cooling: None
- Total Refrigerators: 2
- Total Rooms Above Ground: 11
- Total Stories: 2
- Total Water Heaters: 2
Multi Family
Income & Expenses Information
- Gross Income: $57,600.00
- Net Income: $37,952.72
- Operating Expense Incl: Insurance, Maintenance, Sewer, Trash, Utilities, Water/Sewer
- Operating Expense: $19,647
Multi-Family Information
- Total Units: 2
- Total 1 BR Units: 0
- Total 2 BR Units: 2
- Total 3+ BR Units: 0
- Total Heat Units: 2
Unit Information
Unit 1
- Unit 1 Baths: 1
- Unit 1 Bedrooms: 2
- Unit 1 Lease Term: Other
- Unit 1 Level Number: 1
- Unit 1 Rental Amt Freq: Monthly
- Unit 1 Status: Leased
- Unit 1 Apx Sqft: 876.0
- Unit 1 Rooms: 5
- Unit 1 Rental Amount: $2,200.00
- Unit 1 Tenant Pays: Electric, Heat, Hot Water, Internet Service
- Unit 1 Info: CO Detector, Dishwasher, Dryer, Electric, Heat, Heat - Natural Gas, Hot Water, Laundry Hookup, Microwave, Porch, Smoke Detector, Storage, Washer, Water Heater
Unit 2
- Unit 2 Lease Term: Annual
- Unit 2 Baths: 1
- Unit 2 Rooms: 6
- Unit 2 Status: Leased
- Unit 2 Level Number: 2
- Unit 2 Rental Amt Freq: Monthly
- Unit 2 Apx Sqft: 1296.0
- Unit 2 Bedrooms: 2
- Unit 2 Rental Amount: $2,600.00
- Unit 2 Info: CO Detector, Dishwasher, Dryer, Electric, Heat, Heat - Natural Gas, Hot Water, Laundry Hookup, Microwave, Range - Gas, Refrigerator, Smoke Detector, Washer, Water Heater
- Unit 2 Tenant Pays: Electric, Heat, Hot Water, Internet Service
Rental
Rent Information
- Total Leases: 3
Property History for 460-462 Colchester Avenue
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 460-462 Colchester Avenue
Taxable ValueLand$120,800Additions$465,100Total$585,900
Tax Record2022$12,380 ($1,032 / month)
Home Facts
Total Finished SqFt2,136 SqFtAbove Grade Finished SqFt2,136 SqFtStories2Lot Size6,534 SqFtStyleDuplexYear Built1900Year Renovated1990ZoningRLCountyCHITTENDENAPN(035) 041-4-034-000
Schools near 460-462 Colchester Avenue
This home is within Burlington School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Edmunds Elementary School PublicPK to 5 | ||
Edmunds Middle School Public6 to 8 | ||
Burlington Senior High School Public9 to 12 | ||
Burlington Technical Center Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Coldwell Banker Hickok and Boardman
Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site 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 11/22/2024 12:09 AM
