Burlington RC Zone Investment Opportunity: Versatile Property with Income Potential This property is now in Burlington's RC zone, opening the door to a four-story apartment building project. It offers a unique opportunity to live in the main house while generating income from an accessory apartment and storage building. The main house is currently rented for $3,500/month, with substantial improvements including a finished lower level, new gas fireplace inserts, radon mitigation, an updated heating system, a new washer/dryer, fresh interior paint, Nest thermostats, and more. The accessory apartment features a renovated kitchen with new cabinets, appliances, and flooring, and could rent for $2,000/month. The outbuilding, used for storage, rents for $1,200/month. The spacious garage, currently a workshop, can accommodate four cars and has potential for conversion into a home business space. The lot offers views of the Green Mountains, with the potential for creating a patio area to enjoy the scenery. Located close to all amenities, this well-maintained property provides plenty of living space, including a large open living room/kitchen, a first-floor bedroom with a new full bathroom, additional spaces for an office or den, and two bedrooms on the second level. Don't miss this versatile investment opportunity! †

Essentials

List Price 695,000	Bedrooms 5	Garage Size 4 Car
Cooperation Fee Unknown	Total Bathrooms 3	Year Built 1935
MLS# 5010130	Lot Size 0.3 Acres	Taxes $13,129
Type Multi-Family	Days on Market 36 Days	Tax Year 2024
Units 2	Stories 2	Road Frontage 50
Annual Income $0	Style Near Paths	Water Frontage
Annual Expenses $0	Finished 4,394 Sqft	Construction No, Existing
Zoning Residential Corridor	Above Grade 3,062 Sqft	Seasonal No
Total Rooms 5	Below Grade 1,332 Sqft	List Date Aug 16th, 2024

Expenses

Gross Income $0	Operating Expenses $0	Net Income $0

Expenses Includes

Unit Size & Rent

Unit 1 4 Beds, 2 Baths, 1,864 SqFt, $4,000/Monthly	Unit 2 1 Beds, 1 Baths, 936 SqFt, $2,000/Other

Building

Construction
BasementWalkout, Storage Space, Climate Controlled, Interior Stairs, Gravel, Finished, Walkout, Interior Access, Exterior Access
Interior Features
Exterior Features

Exterior	Disability Features
Foundation Block, Concrete	House Color white
Floors Tile, Carpet, Hardwood	Building Certifications
Roof Shingle-Asphalt	HERS Index

Property

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, Near Bus/Shuttle, Near Public Transportatn, Near Shopping, Neighborhood
Garage & Parking Yes, On Site, Garage, 6+ Parking Spaces, On-Site, Parking Spaces 6+, RV Access/Parking, Underground

Road Frontage 50	Water Access
Driveway Paved	Water Type
Flood Zone No	Water Body
Zoning Residential Corridor

Schools

School District Burlington School District	Middle Lyman C. Hunt Middle School
Elementary Assigned	High Burlington High School

Utilities

Heat Fuel	Excluded
Heating/Cool Central Air, Other, Baseboard, Hot Air, Hot Air	Negotiable
Sewer Public	Parcel Access ROW
Water	ROW for Other Parcel
Water Heater	Financing
Cable Co Burl Telecom	Documents Property Disclosure, Other, Deed, Tax Map
Electric Circuit Breaker, 200 Amp	Tax ID 11403513666