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Excellent investment opportunity in the heart of Burlington! This well-maintained 4-unit property on St. Paul Street offers strong cash flow and an attractive cap rate between approximately 5.9% and 6.4%. The building features two 1-bedroom units on the first floor and two spacious 3-bedroom units on the upper levels, spread across three stories of living space. Upstairs units enjoy private decks off the kitchens, while the first-floor units each have rear porches opening to a shared, private backyard — a rare find in this location. Tenants also benefit from basement storage and shared laundry, plus multiple heat sources for year-round comfort. With a walkable location close to downtown, the waterfront, colleges, public transit, and all the restaurants and shops Burlington has to offer, this property is as convenient as it is desirable. Whether you’re expanding your portfolio or looking ...
Excellent investment opportunity in the heart of Burlington! This well-maintained 4-unit property on St. Paul Street offers strong cash flow and an attractive cap rate between approximately 5.9% and 6.4%. The building features two 1-bedroom units on the first floor and two spacious 3-bedroom units on the upper levels, spread across three stories of living space. Upstairs units enjoy private decks off the kitchens, while the first-floor units each have rear porches opening to a shared, private backyard — a rare find in this location. Tenants also benefit from basement storage and shared laundry, plus multiple heat sources for year-round comfort. With a walkable location close to downtown, the waterfront, colleges, public transit, and all the restaurants and shops Burlington has to offer, this property is as convenient as it is desirable. Whether you’re expanding your portfolio or looking for a stable income-producing asset, this one checks all the boxes. See associated documents for financials and further details. The owner has taken great care of the building and lives local. Be sure to read his detailed improvements over the years that are online in MLS.
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