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!
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Additional Information
- Delayed Showing
- No
- Tax Amount
- $11,833
- Listing Agent
- Shawn P. Nolan
- Listing Office
- Cannizzaro Real Estate
- Style
- Duplex, Multi-Level
- School District
- Burlington School District
- Number Stories
- 2
- Exterior Features
- Balcony, Deck, Fence - Partial, Garden Space, Porch - Covered, Storage
- Electric
- Circuit Breaker(s)
- Exterior
- Cedar, Clapboard
- Construction
- Wood Frame
- 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
- Water Heater
- Gas - Natural, Owned
- Heating And Cooling
- Hot Air
- Seasonal
- No
- Water
- Public
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