272 South Winooski AvenueBurlington, VT 05401MLS Number 5093240

Updated duplex on a large corner lot in sought after South End University district location. Excellent rental history. Walking distance to UVM, the Medical Center, Champlain College, downtown and the vibrant South End shops and restaurants. Perfect for owner-occupancy or as a tremendous investment property. The current owner has taken this building to the next level with upgrades both mechanically and cosmetically. Recent updates include extensive remodeling of the 2nd and 3rd floors. Updates to Apt #2 include: all new hardwood floors on the 2nd and 3rd floors, a new kitchen with granite countertops, stainless steel appliances, a gas range, hood fan, baseboard heat, Mission-style Masonite interior doors, light fixtures, and a tile shower and floor in the 3/4 bath. Both interior stairways have been rebuilt with risers and hardwood treads. Other structural updates include replacing or repairing all roofs, repointing bricks, paving the driveway, and replacing multiple windows. Mechanical upgrades include extensive electrical and plumbing in both units and the basement. Washer and Dryer hookups added for Apt #2 units to give each apartment private laundry. Apt #1 is in great condition, featuring vinyl flooring in kitchen, stainless steel appliances, large side insulated porch with vinly windows, pine beadboard ceiling and walls. Potential to expand this building on the large .15 acre lot with a big side and back yard, with a recently paved driveway with 6+ large parking spaces. Further permitting would be required to determine the current status of expansion possibilities to add a 3rd unit or 3rd bedroom. See the feature sheet for a list of approx $150,000+ worth of updates. All dimensions are approx. Apt #2 currently vacant & ready for new tenants or owner-occupy. Historically rented under market to long term tenants. Gross income based on projected market rents of $2200 for unit 1 and $2800 for unit 2. Sqft Apt #1 includes finished porch.