183 Shelburne StreetBurlington, VT 05401MLS Number 4998127

  • Price: $869,000
  • Est. Mortgage of $/month
  • 26 Days on Market
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Federal 30-year interest rate: 6.87% last updated on Jun 20, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
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183 Shelburne Street Burlington VT 05401183 Shelburne Street Burlington VT 05401183 Shelburne Street Burlington VT 05401183 Shelburne Street Burlington VT 05401183 Shelburne Street Burlington VT 05401183 Shelburne Street Burlington VT 05401183 Shelburne Street Burlington VT 05401183 Shelburne Street Burlington VT 05401183 Shelburne Street Burlington VT 05401183 Shelburne Street Burlington VT 05401183 Shelburne Street Burlington VT 05401183 Shelburne Street Burlington VT 05401183 Shelburne Street Burlington VT 05401183 Shelburne Street Burlington VT 05401183 Shelburne Street Burlington VT 05401183 Shelburne Street Burlington VT 05401183 Shelburne Street Burlington VT 05401183 Shelburne Street Burlington VT 05401183 Shelburne Street Burlington VT 05401183 Shelburne Street Burlington VT 05401183 Shelburne Street Burlington VT 05401
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  • 0.17Acreage
  • 1940Year Built
  • 3,465Square Feet
  • 2024Tax Year

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Listed by Peter Yee of Yellow Sign Commercial
Located in Burlington's Highly sought after South-End, this apartment building has a total of 8 bedrooms configured as 3 separate units, designed with 1 unit per level. Large parking lot with parking for 6 vehicles or more. Zoning recently changed from Residential Low density to Residential Corridor, allowing for further development of the property. Month to Month tenants willing to vacate or stay. Ability to vacate the 2bed/1 bath or 3bed/2bath allows for many buyer types including but not limited to investors looking to modify/update existing units and increase rents, developers looking to take advantage of new zoning opportunities, and my favorite- owner occupants of various sizes to purchase and have income from other unit(s) help pay mortgage/home owner expenses. Currently priced at a 7% Cap rate calculated using actual rents less estimated expense. 48-hour notice required for showings of the occupied units. Text, Email, or Call Agent to set up showings.

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Tax Information

  • Tax Year2024

Building

  • Year Built1940
  • Units3
  • Unit 1 Bath1
  • Unit 1 Bedrooms3
  • Unit 2 Bath2
  • Unit 2 Bedrooms3
  • Unit 3 Bath1
  • Unit 3 Bedrooms2
  • # of 2 Bedrooms1
  • # of 3+ Bedrooms2
  • BasementFinished
  • FoundationBlock

Basic Information

  • StatusACT
  • List Price$869,000
  • Date Price Change06/12/2024
  • MLS Number4998127
  • MLS StatusActive

Property

  • Acreage0.17
  • Parking Spaces
  • Square Feet3,465
  • APX Fin AG Sqft2,363
  • RoadsPublic

Amenities

  • PricePerSqFt367.75

Other

  • Taxes$13,793.4
  • Seasonal Y/NNo
  • Date Listed05/30/2024
  • Unit 1 Deposit$2,100
  • Unit 2 Rent Amount$2,700
  • Unit 3 Rent Amount$1,800
  • View Count4

Location

  • TownBurlington
  • StateVT
  • Zip05401
  • CountyChittenden
  • ZoningRC
  • Flood Zone Y/NNo

Interior

  • APX Fin Below Grade1,102

Exterior

  • RoofShingle - Asphalt

Utilities

  • Heat FuelGas - Natural
  • Heat SystemSpace Heater
  • ElectricCircuit Breaker(s)
  • SewerPublic Sewer On-Site
  • UtilitiesCable - At Site, Gas - On-Site
Dousevicz Real Estate
Dousevicz Real Estate
Office: 802-879-4477
21 Carmichael St
Essex, VT 05452
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