39-41 King Street Burlington, Vermont 05401 MLS# 5000890

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Sold Status

$803,093 Sold Price

Multi Type

9 Beds

4 Baths

3,844 Sqft

Listed By Nancy Warren of Coldwell Banker Hickok & Boardman - (802)846-8813
Sold By Lipkin Audette Team of Coldwell Banker Hickok and Boardman
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Burlington

39-41 King Street

Welcome to your new investment opportunity! This multi-family 4-unit building presents a lucrative prospect for both investors and residents alike. Situated near the tranquil waterfront, residents can enjoy the serene beauty of nature while still being within arm's reach of urban conveniences. Each unit within this property offers its own unique appeal, with ample space and privacy for comfortable living. However, the real potential lies in the opportunity for upgrades. Imagine the possibilities once several of the units are renovated to modern standards, attracting higher rents and increasing overall property value. But that's not all, one of the units has already undergone a transformation. The 2-bedroom first floor unit boasts a fresh rehab, featuring contemporary finishes and new appliances. In a region where parking can be a challenge, this property stands out with its rare offering of 4 designated parking spaces. Residents can rest assured knowing they have a secure spot waiting for them right at home. Convenience is key, and this property delivers. With amenities such as shops, restaurants, and recreational facilities just a stone's throw away, residents can enjoy the best of both worlds – the tranquility of being within minutes to the waterfront combined with the ease of access to everyday essentials.

Property Location

39-41 King Street Burlington

Property Details

Sold Price  $803,093 Sold Date  Oct 31st, 2024
List Price  829,000 Bedrooms  9 Garage Size   Car
Cooperation Fee  Unknown Total Bathrooms  4 Year Built  1899
MLS#  5000890 Lot Size  0.11 Acres Taxes $16,120
Type  Multi-Family Days on Market  157 Days Tax Year 2023
Units  4 Stories  2 Road Frontage  144
Annual Income  $0 Style   Water Frontage  
Annual Expenses  $0 Finished  3,844 Sqft Construction  No, Existing
Zoning   Res-Multifamily Above Grade  3,844 Sqft Seasonal  No
Total Rooms  9 Below Grade  0 Sqft List Date  Jun 17th, 2024
Gross Income  $0 Operating Expenses  $0 Net Income  $0
Expenses Includes 
Unit 1   2 Beds, 1 Baths, $1,800/Monthly Unit 2   3 Beds, 1 Baths, $1,600/Monthly
Unit 3   3 Beds, 1 Baths, $1,600/Monthly Unit 4   1 Beds, 1 Baths, $800/Monthly
Construction
BasementInterior, Unfinished
Interior Features
Exterior Features
Exterior   Disability Features  
Foundation  Axle House Color  
Floors   Building Certifications  
Roof  Shingle-Asphalt, Slate, Metal, Membrane HERS Index  
Directions
Lot Description
Garage & Parking  No
Road Frontage  144 Water Access  
Driveway  Paved Water Type  
Flood Zone  Unknown Water Body  
Zoning  Res-Multifamily
School District  NA Middle  
Elementary   High  
Heat Fuel   Excluded  
Heating/Cool  None, Gas Heater Negotiable  
Sewer  Public Parcel Access ROW  
Water   ROW for Other Parcel  
Water Heater   Financing  
Cable Co   Documents  
Electric   Tax ID  114-035-16972
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