Listed by Kathleen OBrien with Four Seasons Sotheby's Int'l Realty 802-864-0541

Active Under Contract

366 North Avenue

Burlington VT, 05401

$695,000


$158.17 per sqft

Active Under Contract

5 Beds

3 Baths

4,394 sqft

Multi-family

Built in 1935

New zoning regulations in Burlington place this in the RC zone. Allowing now for a four story apartment building to be built. Great opportunity to live and have income from the accessory apartment and storage building! Currently the owner is renting the main house for $3,500 per month. Smart and substantial improvements have been made - finishing the lower level, new gas fireplace inserts, added radon mitigation in the lower level, updated heating system, new washer/dryer, new interior paint, Nest thermostats and much more. The apartment has new kitchen cabinets, appliances and flooring. A well maintained property. The main house has a large open living room/kitchen with first floor bedroom & newer full bathroom. Lots of great living space throughout with additional spaces for office or den. The second level of the main house has 2 bedrooms. The accessory studio apartment on the back of the building is in great shape & could rent for $2,000 per month. The outbuilding rents at $1,200 per month for storage. The garage underneath the building is huge & can hold 4 cars - a space that could be renovated for an in home business. Currently being used as a workshop. The lot has views to east to the Green Mountains. Many owners on North Ave have created a patio area to enjoy the views. Lots of options on this property. Close to everything!

4994041

MLS ID

May 3, 2024

Listed

May 15, 2024

Updated

Map

366 North Avenue
Burlington VT, 05401

Interior Features

Bedrooms

5


Total Bathrooms

3


Floor Description

Carpet, Hardwood, Tile


Fireplace

No


Cooling

Yes


Cooling Description

Central AC, Other


Heating

Yes


Heating Description

Baseboard, Forced Air, Hot Air, Gas - Natural

Exterior/Building Features

Lot Size

0.3 Acres


Exterior Features

Outbuilding, Porch - Covered


Lot Features

In Town, Near Country Club, Near Golf Course, Near Paths, Near Shopping, Neighborhood, Near Public Transportatn, Near Hospital


Roof

Shingle - Asphalt


Sewer

Public

School Information

High School

Burlington High School


Elementary School

Assigned

Other Property Details

Area Name

VT-Chittenden


Taxes

$13,129


Tax Frequency

Annually


Days on Market

9


Garage

Yes


Garage Spaces

4


Parking

Auto Open, Driveway, Garage, On-Site, Parking Spaces 6, RV Access/Parking, Underground


View

No


Pool

No


Buyer Agency Compensation

1%

Listing History

Date

Event

Price

5/13/2024

Pending

Listed by Kathleen OBrien with Four Seasons Sotheby's Int'l Realty 802-864-0541

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