221 Saint Paul Street, Burlington, VT 05401

$750,000
3,394
SqFt

Listing courtesy of Shawn P. Nolan from Cannizzaro Real Estate. ()

Listing sold by Dave Kleh from KW Vermont

Sold Price
$750,000
List Price
$750,000
Status
CLOSED
MLS#
4954037
Closing Date
Jul 07, 2023
Living Area
3,394
Lot Size
8,276
Acres
0.19
Year Built
1899

Property Description

Unlimited Possibilities for income generation! Not just a 2-unit, 8-9 bedroom building….but a turn-key short/long term housing solution in a city that needs just that! Prime location at the edge of Burlington's Downtown Transition neighborhood and gateway to the dynamic South End. One look at the CAP RATE will convince you that this property deserves a serious look. Architectural plans and thoughtful site improvements have expanded city approved parking on the over-sized lot. This has created exciting potential for further development, now or in the near future, depending on your needs. Make an appointment for a preview and let us show you what this very special opportunity is all about. Possibilities include: Traveling nurses or other un-housed workers, Short or longer term rentals, Airbnb, hostel, etc. Finished Basement /Studio is currently non-conforming, but could be a possible 3rd unit. ***Make sure to click link for VIRTUAL TOUR ******Please see DOCUMENTS section for access to downloadable PDF containing much relevant information including: Development Possibilities, Architect's Renderings, Site improvements, Permits info, and much more!

Additional Information

Delayed Showing
No
Tax Amount
$11,833
Listing Agent
Shawn P. Nolan
Listing Office
Cannizzaro Real Estate
School District
Burlington School District
Number Stories
2
Exterior Features
Balcony, Deck, Fence - Partial, Garden Space, Porch - Covered, Storage
Electric
Circuit Breaker(s)
Basement
Concrete Floor, Partially Finished, Stairs - Interior, Interior Access, Exterior Access, Stairs - Basement
Flood Zone
No
Garage And Parking
Driveway, On-Site
Foundation
Brick
Roads
Public
Driveway
Crushed Stone
Sewer
Public
Units
2
Roof
Shingle - Asphalt
Zoning
FD5 Downtown Center
Heat Fuel
Gas - Natural
Heating And Cooling
Hot Air
Seasonal
No

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

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