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279-281 St Paul Street Burlington, Vermont 05401

$2,390,000 Price
Multi Type
8 Beds
8 Baths
8,577 Sqft

Listed By Lipkin Audette Team of Coldwell Banker Hickok & Boardman Realty

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279-281 Saint Paul Street279-281 Saint Paul Street
Sixteen Downtown ApartmentsSixteen Downtown Apartments
Beautiful Federal StyleBeautiful Federal Style
Abundant Off-Street ParkingAbundant Off-Street Parking
Desirable 1BR & Studio UnitsDesirable 1BR & Studio Units
Updated UnitsUpdated Units
Eat in KitchensEat in Kitchens
Ideal 1 Bedroom UnitsIdeal 1 Bedroom Units
Bright ApartmentsBright Apartments
Hardwood FloorsHardwood Floors
Remodeled KitchensRemodeled Kitchens
Professionally Maintained AptsProfessionally Maintained Apts
Well Laid-Out UnitsWell Laid-Out Units
Claw-Foot BathtubClaw-Foot Bathtub
Front PorchFront Porch
Afternoons from the Top DeckAfternoons from the Top Deck
Offering Views of the LakeOffering Views of the Lake
Ground Level of Rear UnitsGround Level of Rear Units
Even More Parking!Even More Parking!
Great Downtown LocationGreat Downtown Location
Just Blocks From the LakeJust Blocks From the Lake
Smalley ParkSmalley Park
A Burlington LandmarkA Burlington Landmark

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Property Location

Contact a local mortgage provider today to get pre-approved.

Call: (802)879-8790 Option 1 x2052
NMLS# 446767

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Burlington

Situated on Lake Champlain with views of the Adirondack Mountains, Burlington VT offers a wealth of cultural activities, lovely Victorian architecture, and a well educated, vibrant community. Here life takes place on a human scale. Most...

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Premier Downtown BTV 16 Unit

The original 1827 Brick Federal Style house has been recently updated and expanded to house 16 one-bedroom/studio apartments in downtown Burlington. The property is well located adjacent to Smalley Park and an easy stroll to downtown and the waterfront. The apartments have modern upgrades, remodeled kitchens, plenty of parking, some lake views and are fully occupied. Burlington's low vacancy rates in conjunction with a strong labor market continue to drive demand for high-quality rentals - especially these one-bedroom and studio apartments. Development Opportunity located in the Opportunity Zone and Downtown Zoning District with form based zoning. Invest in one of Burlington's landmark rental properties today!

Essentials

MLS#  4771912Bedrooms  8Garage Size   Car
List Price  2,390,000Total Bathrooms  8Year Built  1827
Type  Multi-FamilyLot Size  0.2600 AcresTaxes $33,071
Units  16Stories  1/2/1900Road Frontage  72
Annual Income  $225,912Style  Apartment Building, Federal, Multi-FamilyWater Frontage  
Annual Expenses  $0Finished  8,577 SqftConstruction  No, Existing
Zoning   DTAbove Grade  8,577 SqftSeasonal  No
Total Rooms  Below Grade  0 SqftList Date  Aug 20th, 2019

Expenses

Total Expenses  $0Insurance  $0
Water & Sewer  $0Taxes  $0
Trash  $0Miscellaneous  $0
Maintenance  $0 Association Dues  $0
Rent Includes 

Unit Size & Rent

Unit 1   1 Beds, 1 Baths, $1,100/Monthly Unit 2   1 Beds, 1 Baths, $1,100/Monthly
Unit 3   1 Beds, 1 Baths, $1,100/Monthly Unit 4   1 Beds, 1 Baths, $1,100/Monthly
Unit 5   1 Beds, 1 Baths, $1,100/Monthly Unit 6   1 Beds, 1 Baths, $1,020/Monthly
Unit 7   1 Beds, 1 Baths, $900/Monthly Unit 8   1 Beds, 1 Baths, $1,000/Monthly

Building/Construction

ConstructionWood Frame, Masonry
BasementWalk-up, Partial
Interior Features
Exterior Features
Exterior  BrickDisability Features  
Foundation  Stone, StoneHouse Color  Salmon
Floors  Vinyl, Carpet, HardwoodBuilding Certifications  
Roof  Slate, Shingle-Asphalt HERS Index  

Property

Lot DescriptionUnknown, City Lot
Garage & Parking  No, , , Paved, 11-20 Spaces, Off Street, On Site
Road Frontage  72Water Access  
Driveway  PavedWater Type  
Flood Zone  UnknownWater Body  
Zoning  DT

Schools

School District  NAMiddle  
Elementary  High  

Utilities & Other

Heat Fuel  Excluded  
Heating/Cool  None, Space HeaterNegotiable  
Sewer  PublicParcel Access ROW  
Water  Public ROW for Other Parcel  
Water Heater  TankFinancing  
Cable Co  Documents  Deed, Property Disclosure, Tax Map
Electric  Circuit BreakerTax ID  117-035-17564
DirectionsFrom Main Street, in order to avoid St. Paul Street construction, head south on S. Winooski Ave, then take a right down Adams Street, then left on Saint Paul Street. Property is immediately on the right, directly across from Smalley Park.
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