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Burlington,VT 05401
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,394 sqft
Price per Sqft $158
MLS Listing ID 5010130
Bedrooms 5
Full Baths 3
Year Built 1935
Annual Tax Amount $13,129
Tax Year 2024
Lot Size 0.300 Acres
Property Description
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 vacant, Nest thermostats, and more. The accessory apartment features a renovated kitchen with new cabinets, appliances, and flooring, and is currently rented for $1,750. The outbuilding, used for storage, rents for $1,200/month that ends with the sale but an opportunity. 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!
Location
State VT
County Vt-chittenden
Area Vt-Chittenden
Zoning Residential Corridor
Rooms
Basement Entrance Walkout
Interior
Heating Gas - Natural
Cooling Central AC,Other
Flooring Carpet,Hardwood,Tile
Exterior
Garage Spaces 4.0
Garage Description Auto Open,Driveway,Garage,On-Site,Parking Spaces 6+,RV Access/Parking,Underground
Utilities Available Other
Roof Type Shingle - Asphalt
Building
Story 2
Foundation Block,Concrete
Sewer Public
Schools
Elementary Schools Assigned
Middle Schools Lyman C. Hunt Middle School
High Schools Burlington High School
School District Burlington School District