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Listed by Peter Yee of Yellow Sign Commercial
Located in Burlington's Highly sought after South-End, this apartment building has a total of 8 bedrooms configured as 3 separate units, designed with 1 unit per level. Large parking lot with parking for 6 vehicles or more. Zoning recently changed from Residential Low density to Residential Corridor, allowing for further development of the property. Month to Month tenants willing to vacate or stay. Ability to vacate the 2bed/1 bath or 3bed/2bath allows for many buyer types including but not limited to investors looking to modify/update existing units and increase rents, developers looking to take advantage of new zoning opportunities, and my favorite- owner occupants of various sizes to purchase and have income from other unit(s) help pay mortgage/home owner expenses. Currently priced at a 7% Cap rate calculated using actual rents less estimated expense. 48-hour notice required for showings of the occupied units. Text, Email, or Call Agent to set up showings.

More Info

Tax Information

  • Tax Year2024

Building

  • Year Built1940
  • Units3
  • Unit 1 Bath1
  • Unit 1 Bedrooms3
  • Unit 2 Bath2
  • Unit 2 Bedrooms3
  • Unit 3 Bath1
  • Unit 3 Bedrooms2
  • # of 2 Bedrooms1
  • # of 3+ Bedrooms2
  • BasementFinished
  • FoundationBlock

Basic Information

  • StatusACT
  • List Price$869,000
  • Date Price Change06/12/2024
  • MLS Number4998127
  • MLS StatusActive

Property

  • Acreage0.17
  • Parking Spaces
  • Square Feet3,465
  • APX Fin AG Sqft2,363
  • RoadsPublic

Amenities

  • PricePerSqFt367.75

Other

  • Taxes$13,793.4
  • Seasonal Y/NNo
  • Date Listed05/30/2024
  • Unit 1 Deposit$2,100
  • Unit 2 Rent Amount$2,700
  • Unit 3 Rent Amount$1,800
  • View Count1

Location

  • TownBurlington
  • StateVT
  • Zip05401
  • CountyChittenden
  • ZoningRC
  • Flood Zone Y/NNo

Interior

  • APX Fin Below Grade1,102

Exterior

  • RoofShingle - Asphalt

Utilities

  • Heat FuelGas - Natural
  • Heat SystemSpace Heater
  • ElectricCircuit Breaker(s)
  • SewerPublic Sewer On-Site
  • UtilitiesCable - At Site, Gas - On-Site

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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 June 15, 2024 6:23 AM EDT

 

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