Burlington RC Zone Investment Opportunity: Versatile Property with Income Potential This property is now in Burlington's RC zone, opening the door to a four-story apartment building project. It offers a unique opportunity to live in the main house while generating income from an accessory apartment and storage building. The main house is currently rented for $3,500/month, with substantial improvements including a finished lower level, new gas fireplace inserts, radon mitigation, an updated heating system, a new washer/dryer, fresh interior paint, Nest thermostats, and more. The accessory apartment features a renovated kitchen with new cabinets, appliances, and flooring, and could rent for $2,000/month. The outbuilding, used for storage, rents for $1,200/month. The spacious garage, currently a workshop, can accommodate four cars and has potential for conversion into a home business space. The lot offers views of the Green Mountains, with the potential for creating a patio area to enjoy the scenery. Located close to all amenities, this well-maintained property provides plenty of living space, including a large open living room/kitchen, a first-floor bedroom with a new full bathroom, additional spaces for an office or den, and two bedrooms on the second level. Don't miss this versatile investment opportunity!

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Tax Information

Tax Year2024

Building

Year Built1935
Units2
Unit 1 Bath2
Unit 1 Bedrooms4
Unit 1 Total Rooms7
Unit 2 Bath1
Unit 2 Bedrooms1
Unit 2 Total Rooms3
# of 1 Bedrooms1
# of 3+ Bedrooms1
Bathroom3
Total Baths3
Basement
- Climate Controlled
- Exterior Access
- Finished
- Gravel
- Interior Access
- Stairs - Interior
- Storage Space
- Walkout
FoundationBlock, Concrete

Other

Taxes$13,129
Seasonal Y/NNo
Date Listed08/16/2024
Unit 1 Deposit$4,000
Unit 2 Rent Amount$2,000
View Count5

Basic Information

StatusACT
List Price$695,000
Date Price Change08/16/2024
MLS Number5010130
MLS StatusActive

Property

Acreage0.3
Parking Spaces4
Square Feet4,394
APX Fin AG Sqft3,062
Road Frontage50
RoadsPaved, Public
Area
- In Town
- Near Country Club
- Near Golf Course
- Near Hospital
- Near Paths
- Near Public Transportatn
- Near Shopping
- Neighborhood

Utilities

Heat FuelGas - Natural
Heat SystemBaseboard, Forced Air, Hot Air
Electric200 Amp, Circuit Breaker(s)
SewerPublic
UtilitiesOther

Location

TownBurlington
StateVT
Zip05401
CountyChittenden
ZoningResidential Corridor
Elementary SchoolAssigned
Junior HighLyman C. Hunt Middle School
High SchoolBurlington High School
Flood Zone Y/NNo

Interior

APX Fin Below Grade1,332
FloorsCarpet, Hardwood, Tile

Exterior

RoofShingle - Asphalt
Exterior Colorwhite

Amenities

Exterior AmenitiesOutbuilding, Porch - Covered
PricePerSqFt158.17

Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated September 14, 2024 5:09 PM EDT

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