$869,000
 $4,665 forsale estimated payment Sourced by Back At You

183 Shelburne Street , Burlington, VT 05401

Burlington, VT 05401

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Description

Located in Burlington's Highly sought after South-End, this apartment building has a total of 8 bedrooms configured as 3 separate units, designed with 1 unit per level. Large parking lot with parking for 6 vehicles or more. Zoning recently changed from Residential Low density to Residential Corridor, allowing for further development of the property. Month to Month tenants willing to vacate or stay. Ability to vacate the 2bed/1 bath or 3bed/2bath allows for many buyer types including but not limited to investors looking to modify/update existing units and increase rents, developers looking to take advantage of new zoning opportunities, and my favorite- owner occupants of various sizes to purchase and have income from other unit(s) help pay mortgage/home owner expenses. Currently priced at a 7% Cap rate calculated using actual rents less estimated expense. 48-hour notice required for showings of the occupied units. Text, Email, or Call Agent to set up showings.

Details

Mls4998127
Listing TypeFor Sale
SubtypeResale
StatusActive
Year1940
Days On Site195
Listing Provided ByYellow Sign Commercial | Peter Yee

Features

Sq Feet3,465
BasementY
Storys1
ZoningRC

Market Activity 05401



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Listings Checked: 41 seconds ago
StateVT
CountyVT Chittenden
CityBurlington
Zip Code05401
AreaChittenden
Listing VS Median (in 05401)
Price:
$869,000
low | high
Med:
$589,000
82.220943613349% of Average
SqFt:
3,465
low | high
Med:
3,548
47.604617604618% of Average
$ / SqFt:
$251
low | high
Med:
$166
83.806530332653% of Average
On Site:
195
low | high
Med:
7.000000
100% of Average
Sourced by Back At You
Listing Updated: June 13, 2024 at 2:04:58 PM PDT