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Listed by Kathleen OBrien of Four Seasons Sotheby's Int'l Realty
Burlington RC Zone Investment Opportunity: Versatile Property with Income Potential This property is now in Burlington's RC zone, opening the door to a four-story apartment building project. It offers a unique opportunity to live in the main house while generating income from an accessory apartment and storage building. The main house is currently rented for $3,500/month, with substantial improvements including a finished lower level, new gas fireplace inserts, radon mitigation, an updated heating system, a new washer/dryer, fresh interior paint, Nest thermostats, and more. The accessory apartment features a renovated kitchen with new cabinets, appliances, and flooring, and could rent for $2,000/month. The outbuilding, used for storage, rents for $1,200/month. The spacious garage, currently a workshop, can accommodate four cars and has potential for conversion into a home business space. The lot offers views of the Green Mountains, with the potential for creating a patio area to enjoy the scenery. Located close to all amenities, this well-maintained property provides plenty of living space, including a large open living room/kitchen, a first-floor bedroom with a new full bathroom, additional spaces for an office or den, and two bedrooms on the second level. Don't miss this versatile investment opportunity!

More Info

Tax Information

  • Tax Year2024

Building

  • Year Built1935
  • Units2
  • Unit 1 Bath2
  • Unit 1 Bedrooms4
  • Unit 1 Total Rooms7
  • Unit 2 Bath1
  • Unit 2 Bedrooms1
  • Unit 2 Total Rooms3
  • # of 1 Bedrooms1
  • # of 3+ Bedrooms1
  • Bathroom3
  • Total Baths3
  • Basement
    • Climate Controlled
    • Exterior Access
    • Finished
    • Gravel
    • Interior Access
    • Stairs - Interior
    • Storage Space
    • Walkout
  • FoundationBlock, Concrete

Other

  • Taxes$13,129
  • Seasonal Y/NNo
  • Date Listed08/16/2024
  • Unit 1 Deposit$4,000
  • Unit 2 Rent Amount$2,000
  • View Count6

Basic Information

  • StatusACT
  • List Price$695,000
  • Date Price Change08/16/2024
  • MLS Number5010130
  • MLS StatusActive

Property

  • Acreage0.3
  • Parking Spaces4
  • Square Feet4,394
  • APX Fin AG Sqft3,062
  • Road Frontage50
  • RoadsPaved, Public
  • Area
    • In Town
    • Near Country Club
    • Near Golf Course
    • Near Hospital
    • Near Paths
    • Near Public Transportatn
    • Near Shopping
    • Neighborhood

Utilities

  • Heat FuelGas - Natural
  • Heat SystemBaseboard, Forced Air, Hot Air
  • Electric200 Amp, Circuit Breaker(s)
  • SewerPublic
  • UtilitiesOther

Location

  • TownBurlington
  • StateVT
  • Zip05401
  • CountyChittenden
  • ZoningResidential Corridor
  • Elementary SchoolAssigned
  • Junior HighLyman C. Hunt Middle School
  • High SchoolBurlington High School
  • Flood Zone Y/NNo

Interior

  • APX Fin Below Grade1,332
  • FloorsCarpet, Hardwood, Tile

Exterior

  • RoofShingle - Asphalt
  • Exterior Colorwhite

Amenities

  • Exterior AmenitiesOutbuilding, Porch - Covered
  • PricePerSqFt158.17

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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 September 13, 2024 10:56 AM EDT

 

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