$2,200,000 ($270.40 per sqft)

Est. Mortgage $10,694/mo *

Quick Pre-Approval

Listing courtesy of Paul Cannizzaro, RE/MAX Preferred 802-862-9700


938-950 Shelburne Road, South Burlington, VT, 05403

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


Community Info

School Info

Walk Score

Mass Transit

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