31 Hyde - Burlington, Vermont

Agency/Brokerage: Smith Macdonald Group, Coldwell Banker Carlson Real Estate

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 6% 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.

  • MLS Number: 4976648
  • Size: Approx 10852 Sq Feet
  • Lot Size: 0.5 Acres
  • Basement: Yes
  • Year built: 1985
  • Public
  • Public
Rental Unit Information:

Number of Units: 10

    Unit 1:
    Unit 2:
    Unit 3:
    Unit 4:
    Unit 5:
    Unit 6:
    Unit 7:
    Unit 8:
    Unit 9:
    Unit 10:
Copyright 2023 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 12-10-2023

31 Hyde
Burlington, Vermont

For More Information Contact

John Colvin
Office: 802-438-9900
Mobile: 802-236-5777
Fax: 802-438-9900