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Don't pass up this great opportunity to own two buildings on Shelburne Street. With seven two bedroom units, this lot is attractive to both investors and renters. Tenants love the covered porches, which are great to sit out on a lazy afternoon. A huge private parking lot and a large back yard also make these unit easy to rent. Tenants pay utilities. Situated in Burlington's South End district, you're close to many great restaurants, shops, and Oakledge Park.
Property Location
228-230 Shelburne Street Burlington
Property Details
Sold Price $840,000
Sold Date May 15th, 2019
List Price 925,000
Bedrooms 14
Garage Size Car
Cooperation Fee Unknown
Total Bathrooms 7
Year Built 1900
MLS# 4714075
Lot Size 1.1 Acres
Taxes $19,581
Type Multi-Family
Days on Market 2284 Days
Tax Year 2018
Units 7
Stories 2
Road Frontage
Annual Income $86,340
Style Apartment Building, Multi-Family
Water Frontage
Annual Expenses $31,758
Finished 5,184 Sqft
Construction No, Existing
Zoning RL
Above Grade 5,184 Sqft
Seasonal No
Total Rooms 14
Below Grade 0 Sqft
List Date Aug 21st, 2018
Gross Income $86,340
Operating Expenses $31,758
Net Income $54,582
Expenses Includes
Unit 1 2 Beds, 1 Baths, $975/Monthly
Unit 2 2 Beds, 1 Baths, $985/Monthly
Unit 3 2 Beds, 1 Baths, $1,000/Monthly
Unit 4 2 Beds, 1 Baths, $800/Monthly
Unit 5 2 Beds, 1 Baths, $950/Monthly
Unit 6 2 Beds, 1 Baths, $950/Monthly
Unit 7 2 Beds, 1 Baths, $900/Monthly
ConstructionWood Frame
BasementInterior, Unfinished
Interior Features
Exterior Features
Exterior Vinyl Siding
Disability Features
Foundation Stone
House Color White
Floors
Building Certifications
Roof Slate, Other
HERS Index
DirectionsOn Shelburne Road/Route 7, 228 is between Alfred and Clymer Streets, just to the right of The Spot restaurant.
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