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Recently updated 3 unit apartment building located directly across from South End's new class A Hula tech campus in the coveted Lakeside neighborhood and 300 feet from the beach! Excellent owner-occupied opportunity with Airbnb or short term rental potential! Originally constructed and managed by the Queen City Cotton Company for its employees, the entire neighborhood is now one of the most convenient and desirable locations in Burlington. The building was stripped to the studs and totally renovated in 2004 with upgrades to electrical, heating, and plumbing systems. The property includes three units: a 2-bedroom and two 1-bedroom apartments, off street parking, lovely private porches, and a detached garage. Easy access to downtown via the Bike Path or Pine Street and a few steps to the Burlington Surf Club, Oakledge and Lakeside Park, Blanchard Beach, and St. John's Club. Building lot to the East with detached garage not included in this listing. With significant upsides on rent, it's the perfect time to invest in one of the most exciting neighborhoods in Burlington!
Property Location
57-59 Lakeside Avenue Burlington
Property Details
Sold Price $719,000
Sold Date Sep 8th, 2021
List Price 719,000
Bedrooms 4
Garage Size 2 Car
Cooperation Fee Unknown
Total Bathrooms 4
Year Built 1899
MLS# 4850405
Lot Size 0.16 Acres
Taxes $7,368
Type Multi-Family
Days on Market 1351 Days
Tax Year 2020
Units 3
Stories 2
Road Frontage 50
Annual Income $0
Style Multi-Family, Historic District
Water Frontage
Annual Expenses $0
Finished 2,352 Sqft
Construction No, Existing
Zoning RLW
Above Grade 2,352 Sqft
Seasonal No
Total Rooms 4
Below Grade 0 Sqft
List Date Mar 11th, 2021
Gross Income $0
Operating Expenses $0
Net Income $0
Expenses Includes
Unit 1 1 Beds, 1 Baths, $1,500/Monthly
Unit 2 1 Beds, 1 Baths, $0/Mo
Unit 3 2 Beds, 2 Baths, $2,050/Monthly
ConstructionWood Frame
BasementInterior, Unfinished, Bulkhead, Full
Interior Features
Exterior Features
Exterior Vinyl Siding
Disability Features
Foundation Stone
House Color Grey
Floors
Building Certifications
Roof Slate
HERS Index
DirectionsFrom Pine Street, head west toward the lake on Lakeside Avenue. Property is on the left.
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