Listing courtesy of Kathleen OBrien, Four Seasons Sotheby's Int'l Realty Phone: 802-864-0541
366 North Avenue, Burlington, VT, 05401
10 rooms
5 beds
3 Full baths
1935
Colonial, Multi-Family, Walkout Lower Level
4,394 sqft
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!
Status:
Active
Type:
Multi-family
Units:
2
Zoning:
Residential Corridor
Frontage:
50
Garage:
4-car Garage
Heating:
Baseboard, Forced Air, Hot Air
Cooling:
Central AC, Other
Basement:
Climate Controlled, Finished, Gravel, Stairs - Interior, Storage Space, Walkout, Interior Access, Exterior Access
Parking:
Auto Open, Driveway, Garage, On-Site, Parking Spaces 6+, RV Access/Parking, Underground
Acreage:
0.3
Est. Taxes:
$13,129
Lot Description:
City Lot,Level,Major Road Frontage,Sidewalks
Elementary School:
Assigned
Middle School:
Lyman C. Hunt Middle School
High School:
Burlington High School
School District:
Burlington School District
MLS #:
5010130