1. Vermont
2. Burlington
3. 61 Elmwood Avenue

61 Elmwood Avenue, Burlington, VT 05401

• 16 baths

Property Description

This listing courtesy of Smith Macdonald Group, Coldwell Banker Carlson Real Estate

The location offers many advantages with its proximity to essential amenities like Pearl Street, Church Street, the waterfront, universities and colleges, and the medical center. The setup of 16 one-bedroom condos with hardwood flooring and tile, along with off-street parking and laundry facilities, is attractive for tenants. The fact that the property is condominiumized is a significant advantage as it allows potential buyers to sell units individually, which can be a great selling point. Additionally, the ease of renting, managing, and maintaining the property makes it even more appealing. Properties in sought-after areas like this can indeed be rare finds. The location, amenities, and potential for future flexibility could make it a highly desirable investment for real estate investors. The current cap rate is over 8%, with the ability to quickly increase the monthly rents within year one of ownership.

Listing Status:

Active

Date Added:

July 22, 2025 at 05:00AM

Listing Office:

Coldwell Banker Carlson Real Estate : 802-253-7358

Listing Agent:

Smith Macdonald Group : 802-375-5009

MLS ID:

5052748

Interior

• Appliances: Owned Water Heater
• Basement: Exterior Access
• A/C: None
• Heating: Natural GasBaseboardElectricGas Heater

Exterior

Construction

Location

Lot

Utilities

This listing courtesy of Smith Macdonald Group, Coldwell Banker Carlson Real Estate