Listing courtesy of Paul Cannizzaro, RE/MAX Preferred 802-862-9700
938-950 Shelburne Road, South Burlington, VT, 05403
40 rooms
10 beds
7 Full baths
1966
Apartment Building, Multi-Family
8,136 sqft
See attached pro forma for numbers using market rents. This rare offering features 10 bedrooms over six residential units and two commercial units, providing an exceptional opportunity for both investors and owner-users. Rental Fire Safety inspections have been completed, and the property is positioned for a business owner seeking a highly visible location w/ excellent signage, strong traffic counts, and easy self-management. Residential units are currently rented below market. Five of the six res units have recent various updates. The property consists of two buildings: a 3,458 SF brick building containing four apartments, and a 4,672 SF wood-frame building that includes two upstairs apartments and two first-floor commercial spaces with full heated basement and additional garage door access. The commercial area is currently divided into multiple offices but can be easily opened up to create a showroom-style layout. The lot offers 148 feet of frontage on Shelburne Road and 128 feet of depth on Brewer Parkway. This investment package includes some vacancy that makes it particularly attractive for an owner-user who can occupy approximately 2,334 SF of commercial space while collecting rent from the six residential units. Onsite parking, excellent visibility with 30,000 CPD, strong curb appeal,signalized intersection. partner in seller group holds a broker License
Status:
Active
Type:
Multi-family
Units:
8
Zoning:
Higher Scale Mixed
Frontage:
148
Garage:
1-car Garage
Heating:
Natural Gas, Hot Air
Cooling:
Central AC
Basement:
Bulkhead, Climate Controlled, Concrete Floor, Full, Insulated, Interior Stairs, Storage Space, Walkout, Exterior Access, Basement Stairs
Parking:
Auto Open, Heated Garage, Garage, On-Site, Parking Spaces 11 - 20
Acreage:
0.43
Est. Taxes:
$25,648
Lot Description:
City Lot,Corner,Curbing,Landscaped,Level,Neighbor Business,Sidewalks,Near Shopping,Near Public Transportatn,Near Hospital,Near School(s)
MLS #:
5090950