10-12 Shelburne Street Burlington, Vermont 05401 MLS# 5020364

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For Sale Status

$480,000 List Price

Multi Type

3 Beds

2 Baths

2,158 Sqft

Listed By The Malley Group of KW Vermont
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Burlington

Front of the home Front of the home
Porch Porch
Porch Porch
Porch Porch
Entryway Entryway
Living Room Living Room
Living Room Living Room
Living Room Living Room
Kitchen Kitchen
Kitchen Kitchen
Kitchen Kitchen
Bedroom Bedroom
Bedroom Bedroom
Bedroom Bedroom
Bedroom Bedroom
Bathroom Bathroom
Porch Porch
Apt Apt
Apt Apt
Apt Apt
Apt Apt
Apt Apt
Apt Apt
Apt Apt
Basement Basement
Back of the home Back of the home
Backyard Backyard
Backyard Backyard
Front of the home Front of the home

Take advantage of this great opportunity to own a 2-unit property with tons of income-earning potential in downtown Burlington! Each unit occupies a different floor in the building with separate entrances for added privacy. The units also connect, giving you the opportunity to owner-occupy with a private space for in-laws or guests on the second floor. The lower level unit has 2 bedrooms, 1 bathroom, a spacious kitchen and access to the basement with approx. 150 sq. ft. of finished storage space and a ¾ bathroom. A second huge storage space exists in the basement with an access door from the basement and another out to the street. Perfect for bikes, skis, lawnmower, etc. The upstairs unit is permitted 1 bedroom, 1 bathroom with two additional rooms for multi-use and a kitchen. Recent updates include new carpet in the lower level, new carpet and paint in the upper unit (2023), new fridge in the lower unit (2023), brand new fridge & stove in the upper unit, and a newer furnace (2019). Outside, sit and enjoy your morning coffee on the large front porch or take advantage of your fenced backyard with space for a garden. Great location in the heart of Burlington, easily accessible from Rt. 7, close to I-89, UVM, Champlain College, Callahan Park, Lake Champlain, schools, shopping, dining and everything downtown Burlington has to offer!

Property Location

10-12 Shelburne Street Burlington

Property Details

List Price  480,000 Bedrooms  3 Garage Size  0 Car
Cooperation Fee  Unknown Total Bathrooms  2 Year Built  1899
MLS#  5020364 Lot Size  0.06 Acres Taxes $10,791
Type  Multi-Family Days on Market  23 Days Tax Year 2024
Units  2 Stories  2 Road Frontage  48
Annual Income  $48,000 Style   Water Frontage  
Annual Expenses  $0 Finished  2,158 Sqft Construction  No, Existing
Zoning   R-2 Two Family Above Grade  2,008 Sqft Seasonal  No
Total Rooms  3 Below Grade  150 Sqft List Date  Oct 29th, 2024
Gross Income  $48,000 Operating Expenses  $0 Net Income  $46,100
Expenses Includes 
Unit 1   2 Beds, 1 Baths, 1,124 SqFt, $0/Mo Unit 2   1 Beds, 1 Baths, 884 SqFt, $0/Mo
Construction
BasementInterior, Partially Finished, Interior Stairs, Stairs - Interior
Interior Features
Exterior Features
Exterior   Disability Features  
Foundation  Brick, Stone House Color  Gray
Floors  Laminate, Carpet, Hardwood Building Certifications  
Roof  Slate, Membrane, Slate HERS Index  
DirectionsHead north on Shelburne St/Route 7 into Burlington. After the traffic circle, bear right where St. Paul and South Union split, the building is on the right. Parking on the street is fine.
Lot DescriptionNo, Near Bus/Shuttle
Garage & Parking  No, On Street
Road Frontage  48 Water Access  
Driveway  Other Water Type  
Flood Zone  No Water Body  
Zoning  R-2 Two Family
School District  Burlington School District Middle  
Elementary   High  
Heat Fuel   Excluded  
Heating/Cool  None, Hot Air Negotiable  
Sewer  Public Parcel Access ROW  
Water   ROW for Other Parcel  
Water Heater   Financing  
Cable Co  Xfinity Documents  Deed
Electric  Circuit Breaker Tax ID  114-035-18850
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† The remarks published on this webpage originate from Listed By The Malley Group of KW Vermont via the PrimeMLS IDX Program and do not represent the views and opinions of Coldwell Banker Hickok & Boardman. Coldwell Banker Hickok & Boardman cannot be held responsible for possible violations of copyright resulting from the posting of any data from the PrimeMLS IDX Program.