366 North Avenue
Burlington, VT 05401
$695,000
Price
5
Beds
3
Baths
4,394 Sq. Ft.
$158 / Sq. Ft.
4,394
Sq. Ft.
$158
per Sq. Ft.
Description
Burlington RC Zone Investment Opportunity: Versatile Property with Income Potential This property is now in Burlington's RC zone, opening the door to a four-story apartment building project. It offers a unique opportunity to live in the main house while generating income from an accessory apartment and storage building. The main house is currently vacant, Nest thermostats, and more. The accessory apartment features a renovated kitchen with new cabinets, appliances, and flooring, and is currently...Burlington RC Zone Investment Opportunity: Versatile Property with Income Potential This property is now in Burlington's RC zone, opening the door to a four-story apartment building project. It offers a unique opportunity to live in the main house while generating income from an accessory apartment and storage building. The main house is currently vacant, Nest thermostats, and more. The accessory apartment features a renovated kitchen with new cabinets, appliances, and flooring, and is currently rented for $1,750. The outbuilding, used for storage, rents for $1,200/month that ends with the sale but an opportunity. The spacious garage, currently a workshop, can accommodate four cars and has potential for conversion into a home business space. The lot offers views of the Green Mountains, with the potential for creating a patio area to enjoy the scenery. Located close to all amenities, this well-maintained property provides plenty of living space, including a large open living room/kitchen, a first-floor bedroom with a new full bathroom, additional spaces for an office or den, and two bedrooms on the second level. Don't miss this versatile investment opportunity!
- Listed by Kathleen OBrien • Four Seasons Sotheby's Int'l Realty
- Listed by Patrick O'Connell • Four Seasons Sotheby's Int'l Realty
Property Details for 366 North Avenue
Parking
Auto Open, Driveway, Garage, On-Site, Parking Spaces 6+, RV Access/Parking, Underground
ZoningResidential Corridor
LISTING UPDATED: 10/01/2024 02:21 PM
Property Details for 366 North Avenue
| Status | Active |
|---|---|
| MLS # | 5010130 |
| Days on Market | 97 |
| Taxes | $13,129 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi Family |
| Year Built | 1935 |
| Lot Size | 0.30 AC / 13,068 SF |
| County | Chittenden County |
Building Information for 366 North Avenue
Stories2Residences2Year Built1935Building Size-Lot Size0.30 AC / 13,068 SF
Property Information for 366 North Avenue
Summary
Location and General Information
- Area Description: In Town, Near Country Club, Near Golf Course, Near Paths, Near Shopping, Neighborhood, Near Public Transportatn, Near Hospital
- City: Burlington
- County: VT-Chittenden
- Directions: Take North Ave through Burlington out to the New North End. About a mile past the police station the property is on the right across from the New Complex Cambrian Rise (previously the Burlington College Campus)
- Latitude: 44.491165692988957
- Longitude: -73.227310474868759
- Road Frontage: Yes
- Seasonal: No
- State: VT
- Street Designation: Avenue
- Zip Code: 05401
Taxes and HOA Information
- SPAN Number: 11403513666
- Tax Year: 2024
- Taxes TBD: No
School Information
- School - High: Burlington High School
- School - District: Burlington School District
- School - Elementary: Assigned
- School - Middle/Jr: Lyman C. Hunt Middle School
Parking
- Garage: Yes
- Garage Capacity: 4.00
- Driveway: Paved
Property
Lot Information
- Lot - Sqft: 13068.0
- Lot Features: City Lot, Level, Major Road Frontage, Sidewalks
- Lot Size Acres: 0.3
- Road Frontage Length: 50.0
- Square Feet Apx Finished Above Grade: 3062.0
- Square Feet Apx Finished AG Source: Other
- Square Feet Apx Finished Below Grade: 1332.0
- Square Feet Apx Finished BG Source: Other
- Square Feet Apx Total: 4926.0
- Square Feet Apx Total Finished: 4394.0
- Square Feet Apx Unfinished Above Grade: 0.0
- Square Feet Apx Unfinished Below Grade: 532.0
- Square Feet Apx Unfinished BG Source: Other
Property and Assessments
- Property Class: Multi-Family
- Construction Status: Existing
- Flood Zone: No
- Foundation: Block, Concrete
- Planned Urban Developmt: No
- PreConstruction: No
- Surveyed: Unknown
- Year Built: 1935
Utilities
- Electric Company: Burl Electric
- Cable Company: Burl Telecom
- Fuel Company: Vt Gas
- Electric: 200 Amp, Circuit Breaker(s)
- Sewer: Public
- Water Source: Public
- Utilities: Other
- Total Gas Meters: 2
- Total Electric Meters: 2
- Internet: High Speed Intrnt -AtSite
Interior and Exterior Features
Exterior Features
- Color: white
- Construction Materials: Wood Frame, Vinyl Siding
- Features - Exterior: Outbuilding, Porch - Covered
- Roads: Paved, Public
- Roof: Shingle - Asphalt
- Total Ranges: 2
Interior Features
- Appliances: Water Heater–Natural Gas
- Basement: Yes
- Basement Access Type: Walkout
- Basement Description: Climate Controlled, Finished, Gravel, Stairs - Interior, Storage Space, Walkout, Interior Access, Exterior Access
- Total Full Baths: 3
- Flooring: Carpet, Hardwood, Tile
- Heat Fuel: Gas - Natural
- Heating: Baseboard, Forced Air, Hot Air
- Cooling: Central AC, Other
- Total Refrigerators: 2
- Total Rooms Above Ground: 8
- Total Stories: 2
- Total Water Heaters: 2
Multi Family
Income & Expenses Information
- Operating Expense Incl: Insurance, Maintenance, Snow Removal, Water/Sewer
- Operating Expense: $5,500
Multi-Family Information
- Total Units: 2
- Total 1 BR Units: 1
- Total 2 BR Units: 0
- Total 3+ BR Units: 1
- Total Heat Units: 2
Unit Information
Unit 1
- Unit 1 Baths: 2
- Unit 1 Bedrooms: 4
- Unit 1 Status: Vacant
- Unit 1 Apx Sqft: 1864.0
- Unit 1 Rooms: 7
- Unit 1 Tenant Pays: All Utilities, Internet Service, Trash, TV Service
- Unit 1 Info: Appliances Included, Ceiling Fan, CO Detector, Cooktop - Electric, Dishwasher, Dryer, Fireplace - Gas, Heat - Natural Gas, Kitchen Island, Microwave, Porch, Refrigerator, Smoke Detector, Washer
Unit 2
- Unit 2 Lease Term: Annual
- Unit 2 Baths: 1
- Unit 2 Rooms: 3
- Unit 2 Status: Month to Month
- Unit 2 Rental Amt Freq: Monthly
- Unit 2 Apx Sqft: 936.0
- Unit 2 Bedrooms: 1
- Unit 2 Rental Amount: $1,750.00
- Unit 2 Info: Ceiling Fan, CO Detector, Deck, Heat - Natural Gas, Microwave, Range - Gas, Refrigerator, Smoke Detector, Water Heater
- Unit 2 Tenant Pays: All Utilities, Electric, Heat, Hot Water, Internet Service, Trash, TV Service
Rental
Rent Information
- Total Leases: 3
Property History for 366 North Avenue
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 366 North Avenue
Taxable ValueLand$169,500Additions$424,100Total$593,600
Tax Record2022$12,543 ($1,045 / month)
Home Facts
Beds5Total Finished SqFt3,430 SqFtAbove Grade Finished SqFt3,430 SqFtStories2Lot Size13,068 SqFtStyleSingle Family ResidenceYear Built1935Year Renovated1960ZoningRLCountyCHITTENDENAPN(035) 038-4-027-000Fireplace TypeHas Fireplace
Schools near 366 North Avenue
This home is within Burlington School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Sustainability Academy At Lawrence Barnes PublicPK to 5 | ||
Lyman C. Hunt Middle School Public6 to 8 | ||
Burlington Senior High School Public9 to 12 | ||
Burlington Technical Center Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Four Seasons Sotheby's Int'l Realty
Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimeMLS. 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 11/21/2024 10:08 PM
