366 North AVE, Burlington, VT 05401 - MLS#5010130

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Adam Gustafson

adam@todayrealestate.com +1(781) 696-3049

Listed by Kathleen OBrien • Four Seasons Sotheby's Int'l Realty

$695,000

Est. payment - /mo

5 Beds

3 Baths

4,394 SqFt

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UPDATED:

10/01/2024 02:21 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,394 sqft

Price per Sqft $158

MLS Listing ID 5010130

Bedrooms 5

Full Baths 3

Construction Status Existing

Year Built 1935

Annual Tax Amount $13,129

Tax Year 2024

Lot Size 0.300 Acres

Acres 0.3

Property Description

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 vacant, Nest thermostats, and more. The accessory apartment features a renovated kitchen with new cabinets, appliances, and flooring, and is currently rented for $1,750. The outbuilding, used for storage, rents for $1,200/month that ends with the sale but an opportunity. 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!

Location

State VT

County Vt-chittenden

Area Vt-Chittenden

Zoning Residential Corridor

Rooms

Basement Entrance Walkout

Basement Climate Controlled, Finished, Gravel, Stairs - Interior, Storage Space, Walkout, Interior Access, Exterior Access

Interior

Heating Gas - Natural

Cooling Central AC, Other

Flooring Carpet, Hardwood, Tile

Exterior

Garage Spaces 4.0

Garage Description Auto Open, Driveway, Garage, On-Site, Parking Spaces 6+, RV Access/Parking, Underground

Utilities Available Other

Roof Type Shingle - Asphalt

Building

Story 2

Foundation Block, Concrete

Sewer Public

Construction Status Existing

Schools

Elementary Schools Assigned

Middle Schools Lyman C. Hunt Middle School

High Schools Burlington High School

School District Burlington School District

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Adam Gustafson

+1(781) 696-3049

Broker Manager | License ID: 9565668

Broker Manager License ID: 9565668

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