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

Copyright © 2024 PrimeMLS. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is refreshed every 3 hours. Listing last updated 12:05 PM UTC on 9/13/2024. 

©2024 PrimeMLS All rights reserved. 

 

 

Powered byLuxury Presence