Take advantage of this great opportunity to own a 2-unit property with tons of income-earning potential in downtown Burlington! Each unit occupies a different floor in the building with separate entrances for added privacy. The units also connect, giving you the opportunity to owner-occupy with a private space for in-laws or guests on the second floor. The lower level unit has 2 bedrooms, 1 bathroom, a spacious kitchen and access to the basement with approx. 150 sq. ft. of finished space and a ¾ bathroom. The upstairs unit has 1 bedroom, 1 bathroom, 2 additional rooms for multi-use and a kitchen. Recent updates include new carpet and paint in the upper unit (2023), new fridge in the lower unit (2023) and a newer furnace (2019). Outside, sit and enjoy your morning coffee on the large front porch or take advantage of your fenced backyard with space for a garden. Great location in the heart of Burlington, easily accessible from Rt. 7, close to I-89, UVM, schools, shopping, dining, everything downtown Burlington has to offer & Lake Champlain! †

Essentials

MLS# 4984944	Bedrooms 3	Garage Size 1 Car
List Price 499,000	Total Bathrooms 2	Year Built 1899
Type Multi-Family	Lot Size 0.0600 Acres	Taxes $9,876
Units 2	Stories 2	Road Frontage 48
Annual Income $48,000	Style Duplex, Historic Vintage	Water Frontage
Annual Expenses $0	Finished 2,158 Sqft	Construction No, Existing
Zoning R-2 Two Family	Above Grade 2,008 Sqft	Seasonal No
Total Rooms 3	Below Grade 150 Sqft	List Date Feb 14th, 2024

Expenses

Gross Income $48,000	Operating Expenses $0	Net Income $46,100

Expenses Includes

Unit Size & Rent

Unit 1 2 Beds, 1 Baths, 1,124 SqFt, $0/Mo	Unit 2 1 Beds, 1 Baths, 884 SqFt, $0/Mo

Building

ConstructionWood Frame, Other
BasementInterior, Partially Finished, Interior Stairs, Stairs - Interior
Interior Features
Exterior Features

Exterior Wood, Brick	Disability Features
Foundation Brick, Stone	House Color Gray
Floors Laminate, Carpet, Hardwood	Building Certifications
Roof Membrane	HERS Index

Property

DirectionsHead north on Shelburne St/Route 7 into Burlington. After the traffic circle, bear right where St. Paul and South Union split, the building is on the right. Parking on the street is fine.
Lot DescriptionNo, Near Bus/Shuttle
Garage & Parking Yes, On Street, Garage, Garage, On Street, Underground

Road Frontage 48	Water Access
Driveway Dirt	Water Type
Flood Zone No	Water Body
Zoning R-2 Two Family

Schools

School District Burlington School District	Middle
Elementary	High

Utilities

Heat Fuel	Excluded
Heating/Cool None, Hot Air	Negotiable
Sewer Public	Parcel Access ROW
Water Public	ROW for Other Parcel
Water Heater Gas-Natural	Financing
Cable Co Xfinity	Documents Deed
Electric Circuit Breaker	Tax ID 114-035-18850