Property Details
Basic Information
- MLS Number: 4954037
- List Price: $750,000
- Lot Description: City Lot, Level, Sidewalks
- Date Listed: 05/24/2023
- Virtual Tour: Virtual Tour
- Units: 2
- Description: Unlimited Possibilities for income generation! Not just a 2-unit, 8-9 bedroom building….but a turn-key short/long term housing solution in a city that needs just that! Prime location at the edge of Burlington's Downtown Transition neighborhood and gateway to the dynamic South End. One look at the CAP RATE will convince you that this property deserves a serious look. Architectural plans and thoughtful site improvements have expanded city approved parking on the over-sized lot. This has created exciting potential for further development, now or in the near future, depending on your needs. Make an appointment for a preview and let us show you what this very special opportunity is all about. Possibilities include: Traveling nurses or other un-housed workers, Short or longer term rentals, Airbnb, hostel, etc. Finished Basement /Studio is currently non-conforming, but could be a possible 3rd unit. ***Make sure to click link for VIRTUAL TOUR ******Please see DOCUMENTS section for access to downloadable PDF containing much relevant information including: Development Possibilities, Architect's Renderings, Site improvements, Permits info, and much more!
Building
- Acreage: 0.19
- Square Feet: 3,394
- Year Built: 1899
- Zoning: FD5 Downtown Center
- Roof: Asphalt Shingle
- Building Construction: Wood Frame, Cedar Exterior, Clapboard Exterior
- Foundation: Brick
Location
- County: Chittenden
- Town: Burlington
Finance
- Taxes: $11,833
Interior Features
Bathrooms
- Bathrooms: 2
Basement
- Basement: Concrete Floor, Partially Finished, Interior Stairs, Interior Access, Exterior Access, Basement Stairs
Exterior Features
Exterior Features
- Exterior Color: Blue
Utilities and Appliances
Utilities and Appliances
- Utilities: Cable at Site
Community
Amenities
- Other Amenities: Basement
- Exterior Amenities: Balcony, Deck, Partial Fence, Garden Space, Covered Porch, Storage
Other Details
Water
- Water: Public