For Sale Status
$849,900 List Price
Multi Type
0 Beds
2 Baths
3,561 Sqft
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Burlington
Turn key 3 unit commercial building that has great potential for residential conversion on upper three floors. The lower level has a long established barbershop with consistent rental stream and share in maintenance/utility cost. The first floor is currently a self-contained office unit with a reception area, half bath, 2 offices and a conference room. This office sets up nicely for a 3 bed conversion by adding shower to the half bath and kitchen to the reception area. The second and third floor are currently as combined office unit with half bath four offices/conference rooms and large third floor used as additional office space and file storage. The second and third floor sets up for a four bed with shower added to half bath on the second floor and the third floor as living room/kitchen. The site has 12 off street parking spaces. Located in the heart of downtown attractive for tenants to get to the waterfront, UVM, Church Street, Medical Center, etc..Great opportunity and a great return for the right investor. †
Property Location
Property Details
List Price 849,900 | Bedrooms 0 | Garage Size Car |
---|---|---|
Cooperation Fee Unknown | Total Bathrooms 2 | Year Built 1899 |
MLS# 5014955 | Lot Size 0.12 Acres | Taxes $14,992 |
Type Multi-Family | Days on Market 28 Days | Tax Year 2024 |
Units 3 | Stories 3 | Road Frontage 50 |
Annual Income $102,000 | Style | Water Frontage |
Annual Expenses $0 | Finished 3,561 Sqft | Construction No, Existing |
Zoning FD6 Downtown Core | Above Grade 2,720 Sqft | Seasonal No |
Total Rooms 0 | Below Grade 841 Sqft | List Date Sep 18th, 2024 |