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31-33 Hickok Pl
AI Property Summary
Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).
- Multifamily apartment building available for purchase in Burlington
- Asset is situated at 31-33 Hickok Place in Vermont
- Current asking price for the property is $849,000
- Investment maintains an 8.52% cap rate for ownership
- Located within the desirable 05401 zip code area
What's Special
Investors seeking an income-generating multifamily asset will find this apartment building on Hickok Place an addition to their portfolio in the Burlington market. The property provides residential rental units within a stable metropolitan area characterized by its proximity to academic institutions and medical centers. Burlington remains a focal point for regional economic activity, supported by a diverse base of employers and a consistent demand for housing from both the student and professional populations. The positioning of this asset allows for efficient management and access to the amenities that define this northern New England city. As a standard apartment building, it is suitable for long-term hold strategies aimed at consistent cash flow within a high-barrier-to-entry market. Its location ensures connectivity to the wider downtown core and the surrounding Lake Champlain region, maintaining its appeal to a steady tenant demographic looking for central residential options. The current cap rate of 8.52% reflects the performance potential of this investment opportunity in the current local real estate landscape.
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