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Unique investment opportunity in Burlington's Old North End. Adjacent from local favorites like Taco Gordo, Barrio Bakery, and Jake's ONE Market, this multi-family property is packed with potential! This 3-unit building offers 1 two-bedroom apartment and 2 one-bedroom apartments-ideal for rental income or owner occupancy. A spacious two-story garage is perfect for additional storage or possible future conversion. Two of the apartments are in great shape, while the other one-bedroom unit and garage present a fixer-upper opportunity. With some TLC, this property has room for significant value growth! Peaceful backyard behind the garage, a rare find in the city for tenants to relax and enjoy. Prime location with proximity to downtown, restaurants, and parks. Don't miss this chance to invest in one of Burlington's most sought-after neighborhoods!
Property Location
246 North Winooski Avenue Burlington
Property Details
Sold Price $410,000
Sold Date Dec 23rd, 2024
List Price 399,900
Bedrooms 4
Garage Size 2 Car
Cooperation Fee Unknown
Total Bathrooms 3
Year Built 1899
MLS# 5016271
Lot Size 0.16 Acres
Taxes $10,509
Type Multi-Family
Days on Market 269 Days
Tax Year 2024
Units 3
Stories 1/1/1900
Road Frontage
Annual Income $43,200
Style
Water Frontage
Annual Expenses $0
Finished 1,624 Sqft
Construction No, Existing
Zoning NMU
Above Grade 1,624 Sqft
Seasonal No
Total Rooms 4
Below Grade 0 Sqft
List Date Sep 27th, 2024
Gross Income $43,200
Operating Expenses $0
Net Income $22,737
Expenses Includes
Unit 1 2 Beds, 1 Baths, $1,150/Monthly
Unit 2 1 Beds, 1 Baths, $950/Monthly
Unit 3 1 Beds, 1 Baths, $0/Mo
Construction
BasementInterior, Finished
Interior Features
Exterior Features
Exterior
Disability Features
Foundation Brick, Stone
House Color White
Floors
Building Certifications
Roof Slate, Slate
HERS Index
DirectionsNorth Street to North Winooski Ave, property will be on right.
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