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  • Listed by: Coldwell Banker Carlson Real Estate
    Bought with: KW Vermont
    $2,700,000

    31 Hyde Street, Burlington, VT 05401

    --beds
    --baths
    10,852sqft
    Multi Family
    Built in 1985
    -- sqft lot
    $713,000 Zestimate®
    $249/sqft
    $2,086 Estimated rent

    Home value

    $713,000

    $542,000 - $913,000

    $2,086/mo

    Zestimate® history
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    $14,520/mo

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    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:

    Listing updated:

    Listed by:

    Smith Macdonald Group,

    Coldwell Banker Carlson Real Estate 802-253-7358

    Bought with:

    Wen K Dong

    KW Vermont

    Source: PrimeMLS,MLS#: 4976648MLS Logo

    Facts & features

    Interior

    Heating
    • Natural Gas, Baseboard, Direct Vent, Electric, Gas Heater
    Cooling
    • None
    Appliances
    • Included: Electric Water Heater, Natural Gas Water Heater, Owned Water Heater, Tank Water Heater
    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
    • Finished area below ground: 0

    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, Concrete Slab
    • 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, Gas On-Site, Fiber Optic Internt Avail

    Community & neighborhood

    Location
    • Region: Burlington

    Price history

    DateEventPrice
    3/15/2024Sold$2,700,000-18.1%$249/sqft
    Source: PrimeMLS #4976648 Report a problem
    1/26/2024Contingent$3,295,000$304/sqft
    Source: PrimeMLS #4976648 Report a problem
    12/15/2023Price change$3,295,000-5.7%$304/sqft
    Source: PrimeMLS #4976648 Report a problem
    11/3/2023Listed for sale$3,495,000+66.8%$322/sqft
    Source: PrimeMLS #4976648 Report a problem
    12/11/2020Sold$2,095,000+38.3%$193/sqft
    Source: PrimeMLS #4801555 Report a problem
    5/10/2017Sold$1,515,000$140/sqft
    Source: PrimeMLS #4608770 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024-- $264,400
    2023-- $264,400
    2022-- $264,400
    2021-- $264,400 +28%
    2020-- $206,500
    2019-- $206,500
    2018-- $206,500
    2017$5,501 $206,500
    2016-- $206,500 +9900%
    2015-- $2,065
    2014-- $2,065
    2013-- $2,065
    2012-- $2,065
    2011-- $2,065
    2010-- $2,065
    2009-- $2,065
    2008-- $2,065 +40.2%
    2007-- $1,473
    2006-- $1,473

    Find assessor info on the county website

    Neighborhood: 05401

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: Burlington School District

    Source: PrimeMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $713,000
    2% more
    +$14,260
    With Zillow Showcase(estimated)
    $727,260