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! †

Essentials

Contract Date May 28th, 2023
MLS# 4954037	Bedrooms 8	Garage Size Car
List Price 750,000	Total Bathrooms 2	Year Built 1899
Type Multi-Family	Lot Size 0.1900 Acres	Taxes $11,833
Units 2	Stories 2	Road Frontage 50
Annual Income $122,400	Style Duplex, Multi-Level	Water Frontage
Annual Expenses $0	Finished 3,394 Sqft	Construction No, Existing
Zoning FD5 Downtown Center	Above Grade 2,386 Sqft	Seasonal No
Total Rooms 8	Below Grade 1,008 Sqft	List Date May 23rd, 2023

Expenses

Gross Income $122,400	Operating Expenses $0	Net Income $0

Expenses Includes

Unit Size & Rent

Unit 1 2 Beds, 1 Baths, 900 SqFt, $0/Mo	Unit 2 6 Beds, 1 Baths, 1,486 SqFt, $0/Mo

Building

ConstructionWood Frame
BasementWalkout, Partially Finished, Interior Stairs, Stairs - Interior, Interior Access, Exterior Access, Stairs - Basement
Interior Features
Exterior Features

Exterior Clapboard, Cedar	Disability Features
Foundation Brick	House Color Blue
Floors Vinyl, Carpet	Building Certifications
Roof Shingle-Asphalt	HERS Index

Property

DirectionsFrom Burlington Downtown Ctr. Go South on St. Paul Street, past Maple St. to blue Building on right before Kerry's Quick Stop.
Lot Description, Level, City Lot, Sidewalks
Garage & Parking No, , , On Site, On-Site

Road Frontage 50	Water Access
Driveway Crushed Stone	Water Type
Flood Zone No	Water Body
Zoning FD5 Downtown Center

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 Owned, Gas-Natural	Financing
Cable Co Choice	Documents Survey, Deed, Property Disclosure, Property Disclosure, Survey
Electric Circuit Breaker	Tax ID 11403517572