Bought with Dave Kleh • KW Vermont
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Key Details
Sold Price $750,000
Property Type Multi-Family
Sub Type Duplex,Multi-Level
Listing Status Sold
Purchase Type For Sale
Square Footage 3,394 sqft
Price per Sqft $220
MLS Listing ID 4954037
Style Duplex,Multi-Level
Bedrooms 8
Full Baths 2
Year Built 1899
Annual Tax Amount $11,833
Tax Year 2022
Lot Size 8,276 Sqft
Property Sub-Type Duplex,Multi-Level
Property Description
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!
Location
State VT
County Vt-chittenden
Area Vt-Chittenden
Zoning FD5 Downtown Center
Rooms
Basement Entrance Walkout
Interior
Heating Gas - Natural
Cooling None
Flooring Carpet, Vinyl
Exterior
Exterior Feature Cedar, Clapboard
Garage Description Driveway, On-Site
Utilities Available Cable - At Site, High Speed Intrnt -Avail
Roof Type Shingle - Asphalt
Lot Description City Lot, Level, Sidewalks
Building
Lot Description City Lot, Level, Sidewalks
Story 2
Foundation Brick
Sewer Public
Water Public
Schools
School District Burlington School District
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