242 College St is amulti-family property for lease in Burlington, VT.
V/T Commercial is pleased to offer for sale this 11 Unit fully leased apartment building located on popular College Street, just down from the “Y” and across from the Library. 9 one bedroom units, 2 two bedroom units. Rents range currently from $750 to $1400. Easy to find location, short walk to the City Market, Church Street Market Place, The Y, the library, the movies! Convenient to a lot of service amenities. Currently NOI of $75,300. Room to increase rents. Pets allowed. No parking. Roof is membrane and is approx. 12 years old, furnace is Peerless and approx. 8 years old. RE Taxes $29,589. Three story with vinyl siding. Lots of interior charm within the units. All units have tile and wood flooring – no carpet.
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- Michael Rivard, agent and Rofo Pro