39-41 King StreetBurlington, VT 05401MLS Number 5000890

Price: $829,000
Est. Mortgage of $/month
110 Days on Market

Welcome to your new investment opportunity! This multi-family 4-unit building presents a lucrative prospect for both investors and residents alike. Situated near the tranquil waterfront, residents can enjoy the serene beauty of nature while still being within arm's reach of urban conveniences. Each unit within this property offers its own unique appeal, with ample space and privacy for comfortable living. However, the real potential lies in the opportunity for upgrades. Imagine the possibilities once several of the units are renovated to modern standards, attracting higher rents and increasing overall property value. But that's not all, one of the units has already undergone a transformation. The 2-bedroom first floor unit boasts a fresh rehab, featuring contemporary finishes and new appliances. In a region where parking can be a challenge, this property stands out with its rare offering of 4 designated parking spaces. Residents can rest assured knowing they have a secure spot waiting for them right at home. Convenience is key, and this property delivers. With amenities such as shops, restaurants, and recreational facilities just a stone's throw away, residents can enjoy the best of both worlds - the tranquility of being within minutes to the waterfront combined with the ease of access to everyday essentials.

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Tax Information

Tax Year2023

Building

Year Built1899
Units4
Unit 1 Bath1
Unit 1 Bedrooms2
Unit 1 Floor Location1
Unit 1 Total Rooms4
Unit 2 Bath1
Unit 2 Bedrooms3
Unit 2 Floor Location1
Unit 2 StyleFlat
Unit 2 Total Rooms6
Unit 3 Bath1
Unit 3 Bedrooms3
Unit 3 Floor Location2
Unit 3 StyleFlat
Unit 3 Total Rooms5
Unit 4 Bath1
Unit 4 Floor Location3
Unit 4 StyleFlat
Unit 4 Total Rooms1
# of 1 Bedrooms1
# of 2 Bedrooms1
# of 3+ Bedrooms2
BasementUnfinished
FoundationAxle

Basic Information

StatusActive With Contract
List Price$829,000
Date Price Change06/17/2024
MLS Number5000890
MLS StatusActive Under Contract

Exterior

RoofMembrane, Metal, Shingle - Asphalt, Slate

Utilities

Heat FuelGas - Natural
Heat SystemGas Heater
Electric220 Volt
SewerPublic
UtilitiesCable - Available, Gas - On-Site

Other

Taxes$16,120.32
Tax Year Notes2023-2024
Seasonal Y/NNo
Date Listed06/17/2024
Unit 1 Deposit$1,800
Unit 2 Rent Amount$1,600
Unit 3 Rent Amount$1,600
Unit 4 Rent amount$800
View Count7

Location

TownBurlington
StateVT
Zip05401
CountyChittenden
ZoningRes-Multifamily
Flood Zone Y/NUnknown

Property

Acreage0.11
Parking Spaces
Square Feet3,844
APX Fin AG Sqft3,844
Road Frontage144
RoadsPublic

Amenities

PricePerSqFt215.66

Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display 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 last updated October 4, 2024 7:23 PM EDT

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39-41 King StreetBurlington, VT 05401MLS Number 5000890

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