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Listed by Shawn P. Nolan and Paul Cannizzaro of Cannizzaro Real Estate

Listing Sold by KW Vermont
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!

More Info

Tax Information

  • Tax Year2022

Building

  • Year Built1899
  • Building ConstructionWood Frame
  • StyleDuplex, Multi-Level
  • Units2
  • Unit 1 Bath1
  • Unit 1 Bedrooms2
  • Unit 1 Floor Location1
  • Unit 1 Total Rooms4
  • Unit 2 Bath1
  • Unit 2 Bedrooms6
  • Unit 2 Floor Location1st/2nd
  • Unit 2 StyleMulti Level
  • Unit 2 Total Rooms9
  • # of 2 Bedrooms1
  • # of 3+ Bedrooms1
  • Bathroom2
  • Total Baths2
  • Basement
    • Concrete Floor
    • Exterior Access
    • Interior Access
    • Partially Finished
    • Stairs - Basement
    • Stairs - Interior
  • FoundationBrick

Basic Information

  • StatusSLD
  • List Price$750,000
  • Date Price Change05/24/2023
  • MLS Number4954037
  • MLS StatusClosed
  • Sale Date07/07/2023

Interior

  • APX Fin Below Grade1,008
  • FloorsCarpet, Vinyl

Exterior

  • ExteriorCedar, Clapboard
  • RoofShingle - Asphalt
  • Exterior ColorBlue

Utilities

  • Heat FuelGas - Natural
  • Heat SystemHot Air
  • WaterPublic
  • Water HeaterGas - Natural, Owned
  • ElectricCircuit Breaker(s)
  • SewerPublic
  • UtilitiesCable - At Site, High Speed Intrnt -Avail

Location

  • TownBurlington
  • StateVT
  • Zip05401
  • CountyChittenden
  • ZoningFD5 Downtown Center
  • Flood Zone Y/NNo

Property

  • Acreage0.19
  • Parking Spaces
  • Lot DescriptionCity Lot, Level, Sidewalks
  • Square Feet3,394
  • APX Fin AG Sqft2,386
  • Road Frontage50
  • RoadsPublic

Amenities

  • Exterior Amenities
    • Balcony
    • Deck
    • Fence - Partial
    • Garden Space
    • Porch - Covered
    • Storage
  • PricePerSqFt314.33

Other

  • Taxes$11,833
  • Seasonal Y/NNo
  • Date Listed05/24/2023
  • View Count11

Map Location

Driving Directions

Broker Reciprocity 

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. Data last updated February 24, 2024 8:23 PM EST

 

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