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  • Listed by: 

    Shawn P. Nolan,

    Cannizzaro Real Estate 802-862-9700,

    Paul Cannizzaro,

    Cannizzaro Real Estate

    $750,000

    221 Saint Paul Street, Burlington, VT 05401

    8beds
    3,394sqft
    Multi Family
    Built in 1899
    -- sqft lot
    $865,300 Zestimate®
    $221/sqft
    $2,822 Estimated rent

    What's special

    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!

    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#: 4954037MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Hot Air
    Cooling
    • None
    Features
    • Flooring: Carpet, Vinyl
    • Basement: Concrete Floor,Partially Finished,Stairs - Interior,Interior Access,Exterior Entry,Stairs - Basement,Walk-Out Access
    Interior area
    • Total structure area: 3,605
    • Total interior livable area: 3,394 sqft
    • Finished area above ground: 2,386

    Property

    Parking
    • Parking features: Crushed Stone, Driveway, On Site
    • Has uncovered spaces: Yes
    Features
    • Levels: Two,Multi-Level
    • Patio & porch: Deck, Porch - Covered
    • Exterior features: Balcony, Garden Space
    • Fencing: Partial
    • Frontage length: Road frontage: 50
    Lot
    • Size: 8,276 sqft
    • Features: City Lot, Level, Sidewalks
    Details
    • Additional structures: Storage
    • Parcel number: 11403517572
    • Zoning description: FD5 Downtown Center

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Wood Frame, Cedar Exterior, Clapboard Exterior
    • Foundation: Brick/Mortar
    • Roof: Shingle - Asphalt
    Condition
    • New construction: No
    • Year built: 1899

    Utilities & green energy

    • Electric: Circuit Breakers
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Connected, High Speed Intrnt -Avail

    Community & neighborhood

    Location
    • Region: Burlington
    Services availability
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