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Burlington
FULLY RENOVATED IN 2008 WITH ALL NEW UTILITIES, ROOF, ETC, This fabulous 4 bedroom Colonial rental property is in a prime location at the southern edge of Burlington's popular South End! Perfect for off-campus housing, home office, bed and breakfast, etc. Each huge bedroom has its own full bathroom for privacy of each tenant and space for an office area, while common areas are open, airy, and well maintained with natural wood floors and plenty of space. Current owner rented rooms for $825 each plus utilities, but current comparables warrant $1000/room +, grossing the owner $48,000 per year. Low maintenance costs result in an expected cap rate of 5.5-6%. Five minute drive to UVM, Burlington Airport, or Downtown Burlington. One minute to supermarkets, Starbucks, or the Arts/Brewery District! One of the most convenient locations in the city, walking distance from the best hiking trails in Burlington. This place has it all... easy to shop, easy to play, easy to travel... easy to rent! †
Property Location
Property Details
| MLS# 4918104 | Bedrooms 4 | Garage Size Car |
|---|---|---|
| List Price 498,900 | Total Bathrooms 5 | Year Built 1938 |
| Type Multi-Family | Lot Size 0.2500 Acres | Taxes $12,136 |
| Units 1 | Stories 2 | Road Frontage 94 |
| Annual Income $48,000 | Style Colonial, Near Public Transportatn | Water Frontage |
| Annual Expenses $0 | Finished 2,340 Sqft | Construction No, Existing |
| Zoning Residential | Above Grade 2,340 Sqft | Seasonal No |
| Total Rooms 4 | Below Grade 0 Sqft | List Date Jun 29th, 2022 |
