ParkingDriveway, Off Street, On Street, Parking Spaces 3, Unpaved
Year Built1900
HeatingBaseboard, Heat Pump
CoolingZoned
BasementYes
MLS #5021247
Lot Size0.08 Acres
StatusActive
About 7-11 Fletcher Pl
Location, location, location! Fantastic two-building, 5-unit investment property in close proximity to UVM, UVM Medical Center, and downtown Burlington! 7 Fletcher Place, the largest of the two buildings, houses 3 of the rental units. Off the front porch, access unit 1 on the first floor, comprised of 2 bedrooms, an updated ¾ bathroom, and open-concept living/dining/kitchen area. Upstairs, unit 2 is a 2 bed, 1 bath, offering a bright kitchen/dining room with granite countertops and stainless appliances, welcoming living space, and 2 bonus spaces. The 1 bed, 1 bath 3rd unit of this building has a private entrance at the rear and offers a convenient mudroom area, open-concept living/dining/kitchen. The basement of 7 Fletcher has 2 washers and dryers, currently free for all tenants, and storage space. On the same lot, 11 Fletcher Place sits next door and is comprised of 2 additional rental units, both beautifully renovated with separate utilities, including mini spits! The 1 bed, ¾ bath upper unit includes a bright living room and fantastic eat-in kitchen with stainless appliances. The lower studio unit features a bright kitchen with granite countertops and ¾ bathroom with marble countertops. Tenants pay all utilities- see utility information document for more details. Fully rented out, this low-maintenance property with a desirable 6.59% cap rate is a must-see for investors!
Parking: Driveway, Off Street, On Street, Parking Spaces 3, Unpaved
Lot Features
Lot Information:
Lot Size: 0.08 Acres
Utilities
Utilities Information:
Heating: Baseboard, Heat Pump
Cooling: Zoned
Other
Directions Information:
Directions: From Main Street in Burlington, turn right onto East Avenue. At the light, turn left onto Colchester Avenue. Fletcher Place will be the first street on your right. 7-11 Fletcher is the second set of buildings on the left. Please park on street for showings.
Price Information
Listing Price Info
Price Summary:
List Price: $1,050,000
Price Per SqFt: $352/SqFt
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Burlington, VT.
Housing Market Reports are calculated by Rocket Homes Real Estate, LLC and based on information from the MLS. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/14/2024, 10:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$5,308
Per Month
Principal & Interest
$5,241
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$3,214
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
Edmunds Elementary School
299 Main St
Distance between this listing and this school0.71 miles
Public District Grades KG-5
3
/10
Integrated Arts Academy
6 Archibald St
Distance between this listing and this school1.02 miles
Public Magnet Grades PK-5
5
/10
Sustainability Academy
123 North St
Distance between this listing and this school1.06 miles
Public Magnet Grades PK-5
Nearby Schools
3
/10
Edmunds Middle School
275 Main St
Distance between this listing and this school0.74 miles
Public District Grades 6-8
2
/10
Winooski Middle School
80 Normand St
Distance between this listing and this school1.53 miles
Public District Grades 6-8
6
/10
Frederick H. Tuttle Middle School
550 Dorset St
Distance between this listing and this school1.92 miles
Public District Grades 6-8
Nearby Schools
1
/10
Winooski High School
80 Normand St
Distance between this listing and this school1.53 miles
Public District Grades 9-12
9
/10
South Burlington High School
550 Dorset St
Distance between this listing and this school2.02 miles
Public District Grades 9-12
4
/10
Burlington High School
52 Institute Rd
Distance between this listing and this school2.22 miles
The neighbors living near this home have an average income of $48,393. Most Burlington, VT residents have annual incomes between $35k-100k. Residents typically live in single, no kids family. Residents of this area typically have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 7-11 Fletcher Pl
What is the listing price of this property?
The listing price of 7-11 Fletcher Pl property is $1,050,000.
What type of property is this?
The property 7-11 Fletcher Pl is land located in Burlington, Vermont, 05401.
Is this property for sale now?
Active Listing: 7-11 Fletcher Pl is For Sale (Active/New) which means the seller is accepting offers.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 7-11 Fletcher Pl in Burlington, VT and zip code 05401 in the UVM / Fletcher Allen Health Care neighborhood. This 2,982 square foot home, which was built in 1900, sits on a 0.08 acre lot. It has been listed on Rocket Homes since November 06, 2024 and is currently priced at $1,050,000.
Between September 2024 and October 2024, Burlington, VT real estate market has seen increase in the number of listings by 61.8%. In October 2024 median list price was $475,000 and the average listing age was 58 days.
From Rocket Homes Real Estate and based on county public records data.
© Copyright 2024 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. 
Continuing Education Courses
Continuing Education Courses
Soccer
Yoga/pilates
Express/Express For Men
Forever 21
H&M
Qdoba
Dominos Pizza
Bob Evans
Volkswagen
Mazda
Audi
Urban Contemporary
Rhythmic Contemporary Hits