Listed by Kathleen OBrien with Four Seasons Sotheby's Int'l Realty 802-864-0541
Active
366 North Avenue
Burlington VT, 05401
$695,000
$158.17 per sqft
Active
5 Beds
3 Baths
4,394 sqft
Multi-family
Built in 1935
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 rented for $3,500/month, with substantial improvements including a finished lower level, new gas fireplace inserts, radon mitigation, an updated heating system, a new washer/dryer, fresh interior paint, Nest thermostats, and more. The accessory apartment features a renovated kitchen with new cabinets, appliances, and flooring, and could rent for $2,000/month. The outbuilding, used for storage, rents for $1,200/month. 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!
5010130
MLSⓇ ID
August 16, 2024
Listed
September 13, 2024
Updated
Map
366 North Avenue
Burlington VT, 05401
Interior Features
Bedrooms
5
Total Bathrooms
3
Floor Description
Carpet, Hardwood, Tile
Fireplace
No
Cooling
Yes
Cooling Description
Central AC, Other
Heating
Yes
Heating Description
Baseboard, Forced Air, Hot Air, Gas - Natural
Exterior/Building Features
Lot Size
0.3 Acres
Exterior Features
Outbuilding, Porch - Covered
Lot Features
In Town, Near Country Club, Near Golf Course, Near Hospital, Near Paths, Near Public Transportatn, Near Shopping, Neighborhood
Roof
Shingle - Asphalt
Sewer
Public
School Information
High School
Burlington High School
Elementary School
Assigned
Other Property Details
Area Name
VT-Chittenden
Taxes
$13,129
Tax Frequency
Annually
Days on Market
27
Garage
Yes
Garage Spaces
4
Parking
Auto Open, Driveway, Garage, On-Site, Parking Spaces 6, RV Access/Parking, Underground
View
No
Pool
No
Listed by Kathleen OBrien with Four Seasons Sotheby's Int'l Realty 802-864-0541
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