39-41 King Street Burlington, Vermont 05401 MLS# 5000890

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For Sale Status

$829,000 List Price

Multi Type

9 Beds

4 Baths

3,844 Sqft

Listed By Nancy Warren of Coldwell Banker Hickok & Boardman - (802)846-8813
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Burlington

39-41 King Street
39-41 King Street
39-41 King Street
39-41 King Street
39-41 King Street
39-41 King Street
39-41 King Street
39-41 King Street
39-41 King Street
39-41 King Street
39-41 King Street
39-41 King Street
39A-1 39A-1
39A-2 39A-2
30A-3 30A-3
30A-4 30A-4
39A-5 39A-5
39A-6 39A-6
39A-7 39A-7
39A-8 39A-8
39A-9 39A-9
39A-10 39A-10
39B & C Entrance 39B & C Entrance
41-Living Area 41-Living Area
41-Living Space 41-Living Space
41-Kitchen 41-Kitchen
41-Dining 41-Dining
41-Bedroom 41-Bedroom
41-Bedroom 41-Bedroom
41-Bath 41-Bath
41-Hallway 41-Hallway
41-Back Entry 41-Back Entry

4-Unit Investment Opportunity

Welcome to your new investment opportunity! This multi-family 4-unit building presents a lucrative prospect for both investors and residents alike. Situated near the tranquil waterfront, residents can enjoy the serene beauty of nature while still being within arm's reach of urban conveniences. Each unit within this property offers its own unique appeal, with ample space and privacy for comfortable living. However, the real potential lies in the opportunity for upgrades. Imagine the possibilities once several of the units are renovated to modern standards, attracting higher rents and increasing overall property value. But that's not all, one of the units has already undergone a transformation. The 2-bedroom first floor unit boasts a fresh rehab, featuring contemporary finishes and new appliances. In a region where parking can be a challenge, this property stands out with its rare offering of 4 designated parking spaces. Residents can rest assured knowing they have a secure spot waiting for them right at home. Convenience is key, and this property delivers. With amenities such as shops, restaurants, and recreational facilities just a stone's throw away, residents can enjoy the best of both worlds - the tranquility of being within minutes to the waterfront combined with the ease of access to everyday essentials.

Cooperation Fee - 2.5%

The Seller(s) of this property has authorized the Listing Agency/Agent to offer a Cooperation Fee or Seller Concession toward Buyers’ closing costs in the amount of 2.5% with accepted terms of an offer. This fee is offered to Buyer’s Agents and Broker’s Agents. This fee must be agreed to in writing within the terms of the Purchase & Sale Contract or in a fully executed Commission Allocation Agreement or Cooperation Agreement between the brokerage firms; and will be paid at closing.

Property Location

39-41 King Street Burlington

Property Details

List Price  829,000 Bedrooms  9 Garage Size   Car
Cooperation Fee  2.5% Total Bathrooms  4 Year Built  1899
MLS#  5000890 Lot Size  0.11 Acres Taxes $16,120
Type  Multi-Family Days on Market  37 Days Tax Year 2023
Units  4 Stories  2 Road Frontage  144
Annual Income  $0 Style   Water Frontage  
Annual Expenses  $0 Finished  3,844 Sqft Construction  No, Existing
Zoning   Res-Multifamily Above Grade  3,844 Sqft Seasonal  No
Total Rooms  9 Below Grade  0 Sqft List Date  Jun 17th, 2024
Gross Income  $0 Operating Expenses  $0 Net Income  $0
Expenses Includes 
Unit 1   2 Beds, 1 Baths, $1,800/Monthly Unit 2   3 Beds, 1 Baths, $1,600/Monthly
Unit 3   3 Beds, 1 Baths, $1,600/Monthly Unit 4   1 Beds, 1 Baths, $800/Monthly
Construction
BasementInterior, Unfinished
Interior Features
Exterior Features
Exterior   Disability Features  
Foundation  Axle House Color  
Floors   Building Certifications  
Roof  Shingle-Asphalt, Slate, Metal, Membrane HERS Index  
Directions
Lot Description
Garage & Parking  No
Road Frontage  144 Water Access  
Driveway  Paved Water Type  
Flood Zone  Unknown Water Body  
Zoning  Res-Multifamily
School District  NA Middle  
Elementary   High  
Heat Fuel   Excluded  
Heating/Cool  None, Gas Heater Negotiable  
Sewer  Public Parcel Access ROW  
Water   ROW for Other Parcel  
Water Heater   Financing  
Cable Co   Documents  
Electric   Tax ID  114-035-16972
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✱ If you engage a brokerage firm to represent you in a real estate transaction, you are responsible for compensating the firm according to the terms of your brokerage service agreement. Compensation to be paid under a brokerage service agreement is solely and entirely a matter of negotiation between an agent and client and is in no way controlled, fixed, or pre-established. Historically, cooperation fees were published in the Multiple Listing Service (MLS) for each Listing. Recent changes to the rules, prohibit the publication of these fees in the MLS but allow the display on a brokerage's website for their Clients' listings.