7-11 Fletcher Place
Burlington, VT 05401
$1,050,000
Price
6
Beds
5
Baths
2,982 Sq. Ft.
$352 / Sq. Ft.
2,982
Sq. Ft.
$352
per Sq. Ft.
Under Contract
Under Contract
Description
Location, location, location! Fantastic two-building, 5-unit investment property in close proximity to UVM, UVM Medical Center, and downtown Burlington! 7 Fletcher Place, the largest of the two buildings, houses 3 of the rental units. Off the front porch, access unit 1 on the first floor, comprised of 2 bedrooms, an updated ¾ bathroom, and open-concept living/dining/kitchen area. Upstairs, unit 2 is a 2 bed, 1 bath, offering a bright kitchen/dining room with granite countertops and stainless appliances,...Location, location, location! Fantastic two-building, 5-unit investment property in close proximity to UVM, UVM Medical Center, and downtown Burlington! 7 Fletcher Place, the largest of the two buildings, houses 3 of the rental units. Off the front porch, access unit 1 on the first floor, comprised of 2 bedrooms, an updated ¾ bathroom, and open-concept living/dining/kitchen area. Upstairs, unit 2 is a 2 bed, 1 bath, offering a bright kitchen/dining room with granite countertops and stainless appliances, welcoming living space, and 2 bonus spaces. The 1 bed, 1 bath 3rd unit of this building has a private entrance at the rear and offers a convenient mudroom area, open-concept living/dining/kitchen. The basement of 7 Fletcher has 2 washers and dryers, currently free for all tenants, and storage space. On the same lot, 11 Fletcher Place sits next door and is comprised of 2 additional rental units, both beautifully renovated with separate utilities, including mini spits! The 1 bed, ¾ bath upper unit includes a bright living room and fantastic eat-in kitchen with stainless appliances. The lower studio unit features a bright kitchen with granite countertops and ¾ bathroom with marble countertops. Tenants pay all utilities- see utility information document for more details. Fully rented out, this low-maintenance property with a desirable 6.59% cap rate is a must-see for investors!
- Listed by Elise Polli • Polli Properties
Property Details for 7-11 Fletcher Place
Parking
Driveway, Off Street, On Street, Parking Spaces 3, Unpaved
ZoningRes-Medium Intensity
LISTING UPDATED: 01/28/2025 12:53 AM
Property Details for 7-11 Fletcher Place
| Status | Under Contract |
|---|---|
| MLS # | 5021247 |
| Days on Market | 59 |
| Taxes | $18,073 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi Family |
| Year Built | 1900 |
| Lot Size | 0.08 AC / 3,484 SF |
| County | Chittenden County |
Building Information for 7-11 Fletcher Place
Stories2Residences5Year Built1900Building Size-Lot Size0.08 AC / 3,484 SF
Property Information for 7-11 Fletcher Place
Summary
Location and General Information
- City: Burlington
- County: VT-Chittenden
- Directions: From Main Street in Burlington, turn right onto East Avenue. At the light, turn left onto Colchester Avenue. Fletcher Place will be the first street on your right. 7-11 Fletcher is the second set of buildings on the left. Please park on street for showings.
- Latitude: 44.481384000000006
- Longitude: -73.195588186508175
- Road Frontage: Yes
- Seasonal: No
- State: VT
- Street Designation: Place
- Zip Code: 05401
Taxes and HOA Information
- SPAN Number: 114-035-16670
- Tax Year: 2024
- Tax Year Notes: 24/25
- Taxes TBD: No
School Information
- School - High: Burlington High School
- School - District: Burlington School District
- School - Elementary: Choice
- School - Middle/Jr: Edmunds Middle School
Parking
- Garage: No
- Driveway: Common/Shared, Gravel
Property
Lot Information
- Lot - Sqft: 3485.0
- Lot Features: City Lot, Curbing, Level, Sidewalks, Street Lights, In Town, Near Paths, Near Public Transportatn, Near Hospital, Near School(s)
- Lot Size Acres: 0.08
- Road Frontage Length: 62.0
- Square Feet Apx Finished Above Grade: 2478.0
- Square Feet Apx Finished AG Source: Assessor
- Square Feet Apx Finished Below Grade: 504.0
- Square Feet Apx Finished BG Source: Assessor
- Square Feet Apx Total: 3710.0
- Square Feet Apx Total Finished: 2982.0
- Square Feet Apx Unfinished Above Grade: 0.0
- Square Feet Apx Unfinished AG Source: Assessor
- Square Feet Apx Unfinished Below Grade: 728.0
- Square Feet Apx Unfinished BG Source: Assessor
Property and Assessments
- Property Class: Multi-Family
- Construction Status: Existing
- Flood Zone: No
- Foundation: Brick, Stone
- PreConstruction: No
- Surveyed: Unknown
- Year Built: 1900
Utilities
- Electric Company: Burlington Electric
- Fuel Company: Vermont Gas
- Electric: Circuit Breaker(s)
- Sewer: Public
- Water Source: Public
- Utilities: Cable - Available, Telephone Available
- Total Gas Meters: 3
- Total Electric Meters: 6
- Separate Utilities: Varies
- Internet: High Speed Intrnt -Avail
Interior and Exterior Features
Exterior Features
- Color: Blue
- Construction Materials: Wood Frame, Wood Siding
- Features - Exterior: Porch, Porch - Covered, Porch - Enclosed
- Roof: Shingle
- Total Ranges: 5
Interior Features
- Appliances: Water Heater – Owned, Water Heater – Separate, Water Heater – Shared, Water Heater – Tank, Water Heater–Natural Gas
- Basement: Yes
- Basement Access Type: Walk-up
- Basement Description: Unfinished, Interior Access
- Total Full Baths: 5
- Flooring: Hardwood, Tile, Vinyl
- Heating: Natural Gas, Baseboard, Heat Pump
- Cooling: Mini Split
- Total Refrigerators: 5
- Total Stories: 2
- Total Water Heaters: 3
- Trash: Municipal, Owner, Recycle, Tenant
Multi Family
Multi-Family Information
- Total Units: 5
- Total 1 BR Units: 3
- Total 2 BR Units: 2
- Total 3+ BR Units: 0
- Total Heat Units: 3
Unit Information
Unit 1
- Unit 1 Style: 2 Bedroom Apartment
- Unit 1 Baths: 1
- Unit 1 Bedrooms: 2
- Unit 1 Lease Term: Annual
- Unit 1 Level Number: 1
- Unit 1 Rental Amt Freq: Monthly
- Unit 1 Status: Leased
- Unit 1 Apx Sqft: 640.0
- Unit 1 Rooms: 4
- Unit 1 Rental Amount: $2,050.00
- Unit 1 Tenant Pays: Electric, Heat, Hot Water, Internet Service, Sewer, Trash, TV Service, Water
- Unit 1 Info: Appliances Included, Dishwasher, Heat - Natural Gas, Range - Electric, Refrigerator
Unit 2
- Unit 2 Lease Term: Annual
- Unit 2 Style: 2 Bedroom Apartment
- 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: 813.0
- Unit 2 Bedrooms: 2
- Unit 2 Rental Amount: $2,600.00
- Unit 2 Info: Appliances Included, Dishwasher, Heat - Natural Gas, Range - Electric, Refrigerator
- Unit 2 Tenant Pays: Electric, Heat, Hot Water, Internet Service, Sewer, Trash, TV Service, Water
Unit 3
- Unit 3 Lease Term: Annual
- Unit 3 Baths: 1
- Unit 3 Rooms: 3
- Unit 3 Level Number: 2
- Unit 3 Rental Amt Freq: Monthly
- Unit 3 Status: Leased
- Unit 3 Style: 1 Bedroom Apartment
- Unit 3 Apx Sqft: 331.0
- Unit 3 Bedrooms: 1
- Unit 3 Rental Amount: $1,450.00
- Unit 3 Info: Appliances Included, Heat - Natural Gas, Mudroom, Range - Gas, Refrigerator
- Unit 3 Tenant Pays: Electric, Heat, Hot Water, Internet Service, Sewer, Trash, TV Service, Water
Unit 4
- Unit 4 Lease Term: Annual
- Unit 4 Level Number: 11 - Lower
- Unit 4 Rental Amt Freq: Monthly
- Unit 4 Style: Studio Apartment
- Unit 4 Rooms: 2
- Unit 4 Baths: 1
- Unit 4 Bedrooms: 0
- Unit 4 Status: Leased
- Unit 4 Rental Amount: $1,500.00
- Unit 4 Info: Appliances Included, Dishwasher, Other, Range - Electric, Refrigerator, Water Heater
- Unit 4 Tenant Pays: Cooling, Electric, Heat, Hot Water, Internet Service, Sewer, Trash, TV Service, Water
Unit 5
- Unit 5 Rental Agreement: Yes
- Unit 5 Level Number: 11 - Upper
- Unit 5 Rental Amt Freq: Monthly
- Unit 5 Status: Leased
- Unit 5 Style: 1 Bedroom Apartment
- Unit 5 Baths: 1
- Unit 5 Bedrooms: 1
- Unit 5 Rooms: 4
- Unit 5 Apx Sqft: 460.0
- Unit 5 Lease Term: Annual
- Unit 5 Rental Amount: $1,800.00
- Unit 5 Info: Appliances Included, Dishwasher, Other, Range - Electric, Refrigerator, Water Heater
- Unit 5 Tenant Pays: Cooling, Electric, Heat, Hot Water, Internet Service, Sewer, TV Service, Water
Rental
Rent Information
- Total Leases: 5
Property History for 7-11 Fletcher Place
| 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 7-11 Fletcher Place
Taxable ValueLand$387,600Additions$360,200Total$747,800
Tax Record2022$15,801 ($1,317 / month)
Home Facts
Lot Size3,485 SqFtStyleMulti-Family Res (5+ Units)ZoningRMCountyCHITTENDENAPN(035) 046-2-004-000
Schools near 7-11 Fletcher Place
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 Polli Properties
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