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!
Closed
Listed by:
Shawn P. Nolan,
Cannizzaro Real Estate 802-862-9700,
Paul Cannizzaro,
Cannizzaro Real Estate
Bought with: KW Vermont
$750,000
221 Saint Paul Street, Burlington, VT 05401
8beds
3,394sqft
Multi Family
Built in 1899
-- sqft lot
$-- Zestimate®
$221/sqft
$2,500 Estimated rent
Owner options
What's special
Zillow last checked: 7 hours ago
Listing updated: July 07, 2023 at 12:11pm
Listed by:
Shawn P. Nolan,
Cannizzaro Real Estate 802-862-9700,
Paul Cannizzaro,
Cannizzaro Real Estate
Bought with:
Dave Kleh
KW Vermont
Source: PrimeMLS,MLS#: 4954037
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Natural Gas, Hot Air
Cooling
- None
Appliances
- Included: Natural Gas Water Heater, Owned Water Heater
Features
- Flooring: Carpet, Vinyl
- Basement: Concrete Floor,Partially Finished,Interior Stairs,Interior Access,Exterior Entry,Basement Stairs,Walk-Out Access
Interior area
- Total structure area: 3,605
- Total interior livable area: 3,394 sqft
- Finished area above ground: 2,386
- Finished area below ground: 1,008
Property
Parking
- Parking features: Crushed Stone, Driveway, On Site
- Has uncovered spaces: Yes
Features
- Levels: Two,Multi-Level
- Patio & porch: Covered Porch
- Exterior features: Balcony, Deck, Garden, Storage
- Fencing: Partial
- Frontage length: Road frontage: 50
Lot
- Size: 8,276 sqft
- Features: City Lot, Level, Sidewalks
Details
- Zoning description: FD5 Downtown Center
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Frame, Cedar Exterior, Clapboard Exterior
- Foundation: Brick
- Roof: Asphalt Shingle
Condition
- New construction: No
- Year built: 1899
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable at Site
Community & neighborhood
Location
- Region: Burlington