378 Queen City Park Road Burlington, Vermont 05401

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For Sale Status
$498,900 List Price
Multi Type
4 Beds
5 Baths
2,340 Sqft
Listed By Steve Taubman of RE/MAX North Professionals
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NMLS# 446767

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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
Gross Income  $48,000 Operating Expenses  $0 Net Income  $33,000
Expenses Includes 
Unit 1   4 Beds, 5 Baths, 2,340 SqFt, $4,000/Monthly
ConstructionWood Frame
BasementInterior, Unfinished, Crawl Space, Concrete, Unfinished
Interior Features
Exterior Features
Exterior  Vinyl Siding Disability Features  
Foundation  Block, Concrete House Color  Light gray
Floors  Hardwood Building Certifications  
Roof  Shingle-Asphalt HERS Index  
DirectionsFrom Burlington, south on Rt 7, just past entrance to 189, make right on QCP Road. Go approximately .25 miles, past Pine St. Home is on right side.
Lot DescriptionYes, Trail/Near Trail, City Lot, Near Bus/Shuttle
Garage & Parking  No, , , On Site, Off Street, 5 Parking Spaces, Parking Spaces 5
Road Frontage  94 Water Access  
Driveway  Gravel, Crushed Stone Water Type  
Flood Zone  No Water Body  
Zoning  Residential
School District  Burlington School District Middle  
Elementary   High  
Heat Fuel   Excluded  
Heating/Cool  None, Baseboard, Hot Water, Hot Water Negotiable  
Sewer  Public Parcel Access ROW  Yes
Water  Public ROW for Other Parcel  Yes
Water Heater  Gas-Natural Financing  
Cable Co   Documents  
Electric  Circuit Breaker Tax ID  114-035-20482
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† The remarks published on this webpage originate from Listed By Steve Taubman of RE/MAX North Professionals 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.