VT > Burlington
Burlington, VT 05401,512-514 Saint Paul ST
Burlington, VT 05401,512-514 Saint Paul ST
Burlington, VT 05401,512-514 Saint Paul ST
Burlington, VT 05401,512-514 Saint Paul ST
Burlington, VT 05401,512-514 Saint Paul ST
Burlington, VT 05401,512-514 Saint Paul ST
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Luke Morris

Luke Morris

+1(603) 401-5858
Listed by Peter M Yee • Yellow Sign Commercial Inc.
$ 689,900
Est. payment | /mo

2,793 SqFt

Save
$ 689,900
Est. payment | /mo
Save

2,793 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,793 sqft

Price per Sqft $247

MLS Listing ID 5031301

Construction Status Existing

Year Built 1899

Annual Tax Amount $14,118

Tax Year 20242024

Lot Size 6,098 Sqft

Acres 0.14

Property Description

Welcome to 512-514 Saint Paul Street. Located in Burlington's desirable South End, this property offers a range of possibilities for both new homeowners and seasoned investors. We have the property leased until the end of May in the year 2026 making this a turn key investment. With two bedrooms in each unit, the property has been and is currently rented as 2 three-bedroom units. The highly desired south end of Burlington attracts the best tenant demographic in the area. Rents continue to increase in our market and over time your cashflow will continue to get better. Currently heat is included with the rents which is a large expense that a savvy investor can fix by separating the heat and allowing tenants to pay their own heat. The garage and residential corridor zoning offer potential for future development of additional units. If you are looking to take some money out of the volatile stock market and take advantage of a recently renovated income producing property in a very desirable location with development opportunities you should come take a look.

Location

State VT

County Vt-chittenden

Area Vt-Chittenden

Zoning Residential - Corridor

Rooms

Basement Entrance Interior

Basement Concrete Floor, Interior Stairs, Sump Pump, Interior Access

Interior

Cooling None

Exterior

Garage Spaces 2.0

Utilities Available Cable at Site, Gas at Street

Roof Type Slate

Building

Story 2

Sewer Public Sewer On-Site

Architectural Style Duplex

Construction Status Existing

PrimeMLS
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+1(603) 401-5858

[email protected]

P.O. Box 951, Wells, Maine, 04090, USA

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512-514 Saint Paul ST