Sold Status
$750,000 Sold Price
Multi Type
8 Beds
2 Baths
3,394 Sqft
Sold By KW Vermont
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Burlington
Unlimited Possibilities for income generation! Not just a 2-unit, 8-9 bedroom building….but a turn-key short/long term housing solution in a city that needs just that! Prime location at the edge of Burlington’s Downtown Transition neighborhood and gateway to the dynamic South End. One look at the CAP RATE will convince you that this property deserves a serious look. Architectural plans and thoughtful site improvements have expanded city approved parking on the over-sized lot. This has created exciting potential for further development, now or in the near future, depending on your needs. Make an appointment for a preview and let us show you what this very special opportunity is all about. Possibilities include: Traveling nurses or other un-housed workers, Short or longer term rentals, Airbnb, hostel, etc. Finished Basement /Studio is currently non-conforming, but could be a possible 3rd unit. ***Make sure to click link for VIRTUAL TOUR ******Please see DOCUMENTS section for access to downloadable PDF containing much relevant information including: Development Possibilities, Architect’s Renderings, Site improvements, Permits info, and much more! †
Property Location
Property Details
Sold Price $750,000 | Sold Date Jul 7th, 2023 | |
---|---|---|
List Price 750,000 | Bedrooms 8 | Garage Size Car |
Cooperation Fee Unknown | Total Bathrooms 2 | Year Built 1899 |
MLS# 4954037 | Lot Size 0.19 Acres | Taxes $11,833 |
Type Multi-Family | Days on Market 548 Days | Tax Year 2022 |
Units 2 | Stories 2 | Road Frontage 50 |
Annual Income $122,400 | Style Duplex, Multi-Level | Water Frontage |
Annual Expenses $0 | Finished 3,394 Sqft | Construction No, Existing |
Zoning FD5 Downtown Center | Above Grade 2,386 Sqft | Seasonal No |
Total Rooms 8 | Below Grade 1,008 Sqft | List Date May 23rd, 2023 |