$869,000
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183 Shelburne Street Burlington, VT 05401
Multi-Family
Residence
Beds
Baths
...
Bed/Bath
3,465
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
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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 Corrid...or, 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.
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MLS#
4998127
Property Type
Multi-Family
Year Built
1940
Square Feet
3,465
sq. ft
Price per Sq. Ft.
$367.75
Lot Size
0.17
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