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2-4 Decatur Street, Burlington, VT, 05401 | $709,000
On the corner of Decatur Street and Intervale Ave. , this triplex is a fantastic opportunity. With two units currently rented, and one unit soon to be vacant, this property offers the possibility to owner occupy or to add to your investment portfolio. There are 2 1 bedroom/1 bathroom units, and 1 2 bedroom/1 bathroom unit, and they all enjoy their own level, which creates a sense of privacy between apartments. The garden level and second level apartments feature updated kitchens with new cabinets, refrigerators and ranges. The second floor apartment is the vacant unit, and boasts hardwood flooring throughout the bedroom, flexible bonus room and living room, with a well appointed kitchen and bathroom and direct access to the small backyard. A small driveway provides off-street parking for 2 vehicles, and there is on-street parking available on both Decatur Street and Intervale Ave. Located just minutes to downtown Burlington. The nearby city of Winooski is a quick 5 minute drive, and the Intervale is right down the road. 100% of proceeds of this sale will go towards providing new housing in Burlington.
Features
- Bedrooms: 4
- Units: 3
- Style: Multi-Level
- Year Built: 1899
- Heating: Baseboard,Monitor Type
- Cooling: None
- Basement: Apartments,Finished,Walkout
- Approx Sq. Feet: 2,368
- Acreage: 0.06
- Est. Taxes: $9,173
- Lot Desc: City Lot
- High School: Burlington High School
- School District: Burlington School District
- MLS#: 4990286
- Website: https://www.raveis.com
/prop/4990286/24decaturstreet_burlington_vt?source=qrflyer
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 PrimMLS. 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 6/10/2024Listing courtesy of Ridgeline Real Estate Phone: 802-735-7353
Listing Agent: Amanda Headley
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Brian SkellyVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 793093
203.415.2989
Brian.Skelly@raveis.com
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2-4 Decatur Street, Burlington, VT, 05401
$709,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Brian Skelly
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.415.2989
Brian.Skelly@raveis.com
NMLS Mortgage Loan Originator ID 793093
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $567,200 | $567,200 | $567,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.984% | 7.146% | 6.256% |
| Monthly Tax Payment | $764 | $764 | $764 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,774 | $3,770 | $4,783 |
| Total Monthly Payment | $4,630 | $4,626 | $5,639 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484