123 King Street Burlington, Vermont 05401

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For Sale Status
$1,200,000 Price
Multi Type
5 Beds
2 Baths
2,714 Sqft
Listed By Rebecca Racine of KW Vermont
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Burlington

Situated on Lake Champlain with views of the Adirondack Mountains, Burlington VT offers a wealth of cultural activities, lovely Victorian architecture, and a well educated, vibrant community. Here life takes place on a human scale. Most...

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Extremely rare opportunity in Burlington's most updated part of town. While fully functional, the building needs updating and some renovation to realize its full potential of being a higher end rental. This 2 unit, 5 bedroom investment property is just one block from the newly redone City Hall park and right next door to several brand new upscale apartment buildings. Within a 5 minute walk you have access to the boutiques, coffee shops and restaurants on the Church Street Marketplace, you will feel the breeze of Lake Champlain's waterfront park, enjoy the family friendly activities at the Leahy Echo Center and the Flynn Theater. You will have 2 rental units or have a fantastic owner occupied building with enough rent form the second unit to cover much of the monthly expense or rent to a business in this commercially zoned district. Systems are updated including complete re-wiring of the entire electrical system, 2 hot water heaters, heating system running off of Burlington Natural Gas lines, windows and plumbing. You will enjoy the character of, "The Little House" nestled in the heart of the city.

Property Location

Property Details

MLS#  4848618 Bedrooms  5 Garage Size   Car
List Price  1,200,000 Total Bathrooms  2 Year Built  1885
Type  Multi-Family Lot Size  0.0600 Acres Taxes $7,106
Units  2 Stories  3 Road Frontage  42
Annual Income  $0 Style  Victorian Water Frontage  
Annual Expenses  $0 Finished  2,714 Sqft Construction  No, Existing
Zoning   residential, commercial Above Grade  2,714 Sqft Seasonal  No
Total Rooms  5 Below Grade  0 Sqft List Date  Feb 25th, 2021
Gross Income  $0 Operating Expenses  $0 Net Income  $0
Expenses Includes 
Unit 1   2 Beds, 1 Baths, 925 SqFt, $0/Mo Unit 2   3 Beds, 1 Baths, 1,790 SqFt, $0/Mo
ConstructionWood Frame
BasementInterior, Bulkhead, Unfinished, Dirt Floor, Unfinished
Interior Features
Exterior Features
Exterior  Vinyl Siding Disability Features  
Foundation  Stone House Color  White
Floors  Carpet, Vinyl, Laminate, Wood Building Certifications  
Roof  Slate HERS Index  
DirectionsFrom Main Street, turn onto Church Street (NOT the pedestrian walkway), at the stop sign, turn right onto King Street - property will be on the left. Corner of King Street and Browns Court.
Lot Description, City Lot, Corner, Curbing, Neighbor Business, Sidewalks, Near Bus/Shuttle, Commercial Zoning, Business District
Garage & Parking  No, , , On Street, None, Paid
Road Frontage  42 Water Access  
Driveway  None Water Type  
Flood Zone  No Water Body  
Zoning  residential, commercial
School District  NA Middle  
Elementary   High  
Heat Fuel   Excluded  
Heating/Cool  None, Hot Water Negotiable  
Sewer  Public Parcel Access ROW  
Water  Public ROW for Other Parcel  
Water Heater  Electric, Owned Financing  
Cable Co   Documents  
Electric  200 Amp Tax ID  114-035-17266
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† The remarks published on this webpage originate from Listed By Rebecca Racine of KW Vermont via the NNEREN IDX Program and do not represent the views and opinions of Coldwell Banker Hickok & Boardman. Coldwell Banker Hickok & Boardman Realty cannot be held responsible for possible violations of copyright resulting from the posting of any data from the NNEREN IDX Program.