366 North Avenue Burlington, Vermont 05401

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For Sale Status
$715,000 List Price
Multi Type
5 Beds
3 Baths
4,394 Sqft
Listed By Kathleen OBrien of Four Seasons Sotheby's Int'l Realty

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Great opportunity to live and have income from the accessory apartment and storage building! Or convert to a duplex. Zoning allows for owner occupied commercial business. Newer out building/garage. Currently the owner is renting the main house for $3,360 per month. Smart and substantial improvements have been made - finishing the lower level, new gas fireplace inserts, added radon mitigation in the lower level, updated heating system, new washer/dryer, new interior paint, Nest thermostats and much more. The apartment has new kitchen cabinets, appliances and flooring. A well maintained property. The main house has a large open living room/kitchen with first floor bedroom & newer full bathroom. Lots of great living space throughout with additional spaces for office or den. The second level of the main house has 2 bedrooms. The accessory studio apartment on the back of the building is in great shape & rents for $1,500 per month. The outbuilding rents at $1,000 per month for storage. The garage underneath the building is huge & can hold 4 cars - a space that could be renovated for an in home business. Currently being used as a workshop. The lot has views to east to the Green Mountains. Many owners on North Ave have created a patio area to enjoy the views. Lots of options on this property. Close to everything! The property is zoned for owner occupied to rent the accessory apartment. Since the lot is 13,000 sq ft, City zoning states it could be converted to a duplex.

Property Location

Property Details

MLS#  4911076 Bedrooms  5 Garage Size  4 Car
List Price  715,000 Total Bathrooms  3 Year Built  1935
Type  Multi-Family Lot Size  0.3000 Acres Taxes $13,065
Units  2 Stories  2 Road Frontage  50
Annual Income  $70,320 Style  Walkout Lower Level, Multi-Family, Walkout Lower Level, Near Paths Water Frontage  
Annual Expenses  $0 Finished  4,394 Sqft Construction  No, Existing
Zoning   Residential R1 Above Grade  3,062 Sqft Seasonal  No
Total Rooms  5 Below Grade  1,332 Sqft List Date  May 19th, 2022
Gross Income  $70,320 Operating Expenses  $0 Net Income  $64,820
Expenses Includes 
Unit 1   4 Beds, 2 Baths, 1,864 SqFt, $3,360/Monthly Unit 2   1 Beds, 1 Baths, 936 SqFt, $1,500/Monthly
ConstructionWood Frame
BasementWalkout, Storage Space, Climate Controlled, Interior Stairs, Gravel, Finished, Stairs - Interior, Storage Space, Walkout
Interior Features
Exterior Features
Exterior  Vinyl Siding Disability Features  
Foundation  Block, Concrete House Color  white
Floors  Tile, Carpet, Hardwood Building Certifications  
Roof  Shingle-Asphalt HERS Index  
DirectionsTake North Ave through Burlington out to the New North End. About a mile past the police station the property is on the right across from the New Complex Cambrian Rise (previously the Burlington College Campus)
Lot Description, Level, City Lot, Major Road Frontage, Sidewalks, Near Bus/Shuttle, Near Public Transportatn, Near Shopping, Neighborhood
Garage & Parking  Yes, Auto Open, , On Site, Rec Vehicle, Garage, 6+ Parking Spaces, RV Accessible
Road Frontage  50 Water Access  
Driveway  Paved Water Type  
Flood Zone  No Water Body  
Zoning  Residential R1
School District  Burlington School District Middle  Lyman C. Hunt Middle School
Elementary  Assigned High  Burlington High School
Heat Fuel   Excluded  
Heating/Cool  Central Air, Other, Hot Air Negotiable  
Sewer  Public Parcel Access ROW  
Water  Public ROW for Other Parcel  
Water Heater  Gas-Natural Financing  
Cable Co  Burl Telecom Documents  Property Disclosure, Other, Deed, Tax Map
Electric  Circuit Breaker, 200 Amp Tax ID  11403513666

† The remarks published on this webpage originate from Listed By Kathleen OBrien of Four Seasons Sotheby\'s Int\'l Realty via the NNEREN IDX Program and do not represent the views and opinions of Coldwell Banker Hickok & Boardman. Coldwell Banker Hickok & Boardman Realty cannot be held responsible for possible violations of copyright resulting from the posting of any data from the NNEREN IDX Program.