137 Shelburne Street, Burlington, VT 05401

Burlington Investment Property with Great Returns This Burlington investment property has been owned and managed by Nedde Real Estate since its purchase in 2014 and is now fully leased with dependable, long term tenants. Updates include revitalizing the detached, 2-bay garage for rental purposes, new water heater tank in 2017 and new garage bay doors throughout. This work horse of an investment property brings in great returns and is being sold due to the disbanding of the ownership partnership. Features: Four 2-bedroom apartments, fully leased Two storage garage bays, fully leased Laundry room in basement with coin-op washer/dryer and new flooring Storage cages in basement adding value for tenants Charming apartment layouts with lots of natural light One apartment completely renovated New water heater tank installed in 2017 Ample parking for all tenants Tenants pay separately metered electricity Heat included in all rent See expense and NOI analysis attached