279-281 St Paul StreetBurlington, VT 05401MLS Number 4771912

  • Price: $2,390,000
  • Est. Mortgage of $/month
  • 91 Days on Market
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Federal 30-year interest rate: 3.75% last updated on Nov 14, 2019
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 0.26Acreage
  • 16Bathroom
  • 1827Year Built
  • 8,577Square Feet

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Listed by Lipkin Audette Team of Coldwell Banker Hickok and Boardman

The original 1827 Brick Federal Style house has been recently updated and expanded to house 16 one-bedroom/studio apartments in downtown Burlington. The property is well located adjacent to Smalley Park and an easy stroll to downtown and the waterfront. The apartments have modern upgrades, remodeled kitchens, plenty of parking, some lake views and are fully occupied. Burlington's low vacancy rates in conjunction with a strong labor market continue to drive demand for high-quality rentals - especially these one-bedroom and studio apartments. Development Opportunity located in the Opportunity Zone and Downtown Zoning District with form based zoning. Invest in one of Burlington's landmark rental properties today!

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More Info

Basic Information

  • Virtual TourClick Here
  • StatusActive With Contract
  • Property TypeMulti-Family
  • List Price$2,390,000
  • MLS Number4771912

Interior

  • FloorsCarpet, Hardwood, Vinyl

Exterior

  • ExteriorBrick
  • RoofShingle - Asphalt, Slate
  • Exterior ColorSalmon

Utilities

  • Heat FuelGas - Natural
  • Heat SystemSpace Heater
  • WaterPublic
  • Water HeaterTank
  • ElectricCircuit Breaker(s)
  • SewerPublic

Location

  • TownBurlington
  • StateVT
  • Zip05401
  • CountyChittenden
  • ZoningDT
  • Flood Zone Y/NUnknown

Property

  • Acreage0.26
  • Parking Spaces
  • Lot40
  • Square Feet8,577
  • APX Fin AG Sqft8,577
  • Road Frontage72
  • RoadsPaved, Public
  • Lot DescriptionCity Lot In Town, Near Shopping, Near Public Transportatn

Amenities

  • Exterior AmenitiesPorch - Covered

Other

  • Taxes$33,071
  • Seasonal Y/NNo
  • Unit 1 Deposit$1,100
  • Unit 2 Rent Amount$1,100
  • Unit 3 Rent Amount$1,100
  • Unit 4 Rent amount$1,100
  • Unit 5 Rent amount$1,100
  • Unit 7 Rent amount$900
  • Unit 8 Rent amount$1,000
  • View Count24

Building

  • Year Built1827
  • Building ConstructionMasonry, Wood Frame
  • StyleApartment Building, Federal, Multi-Family
  • Units16
  • Unit 1 Bath1
  • Unit 1 Bedrooms1
  • Unit 2 Bath1
  • Unit 2 Bedrooms1
  • Unit 2 Style1BR
  • Unit 3 Bath1
  • Unit 3 Bedrooms1
  • Unit 4 Bath1
  • Unit 4 Style1BR
  • Unit 5 Baths1
  • Unit 5 Bedrooms1
  • Unit 6 Baths1
  • Unit 6 Bedrooms1
  • Unit 7 Baths1
  • # of 1 Bedrooms16
  • Unit 7 Bedrooms1
  • Unit 8 Baths1
  • Unit 8 Bedrooms1
  • Bathroom16
  • Total Baths16
  • BasementPartial
  • FoundationSlab - Concrete, Stone
Larkin Realty
Office: 802-864-7444
410 Shelburne Road
Burlington, VT 05401
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Copyright 2019 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the IDX Program of NEREN. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated November 19, 2019.

 

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