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Courtesy of Steve Taubman of Re/Max North Professionals.

378 Queen City Park Road

Burlington, VT 05401
  • $498,900
  • STATUS: Active
  • ON SITE: 43 Days
  • MLS #: 4918104
Price Reduced
UPDATED: 29 min ago
$498,900
  • 4
    BEDS
  • 0.25
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 2,340
    SQFT
  • $213
    $/SQFT
Type:
Multi-Family
Built:
1938
County:
Area:

School Ratings & Info

School District:

Description

FULLY RENOVATED IN 2008 WITH ALL NEW UTILITIES, ROOF, ETC, This fabulous 4 bedroom Colonial rental property is in a prime location at the southern edge of Burlington's popular South End! Perfect for off-campus housing, home office, bed and breakfast, etc. Each huge bedroom has its own full bathroom for privacy of each tenant and space for an office area, while common areas are open, airy, and well maintained with natural wood floors and plenty of space. Current owner rented rooms for $825 each plus utilities, but current comparables warrant $1000/room +, grossing the owner $48,000 per year. Low maintenance costs result in an expected cap rate of 5.5-6%. Five minute drive to UVM, Burlington Airport, or Downtown Burlington. One minute to supermarkets, Starbucks, or the Arts/Brewery District! One of the most convenient locations in the city, walking distance from the best hiking trails in Burlington. This place has it all... easy to shop, easy to play, easy to travel... easy to rent!

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© Copyright 2022 New England Real Estate Network, 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 NEREN. 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 2022-08-12T19:06:11.393.
www.livingvermont.com/homes/130383301
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378 Queen City Park Road Burlington, VT 05401

  • Price: $498,900
  • Status: Active
  • On Site: 43 Days
  • Updated: 29 min ago
  • MLS #: 4918104
4
Beds
4
Baths
0
½ Baths
0.25
Acres
2,340
SQFT
$213
$/SQFT
1938
Built
County:
Chittenden
Area:
Burlington
School District:
Burlington School District
Property Description
FULLY RENOVATED IN 2008 WITH ALL NEW UTILITIES, ROOF, ETC, This fabulous 4 bedroom Colonial rental property is in a prime location at the southern edge of Burlington's popular South End! Perfect for off-campus housing, home office, bed and breakfast, etc. Each huge bedroom has its own full bathroom for privacy of each tenant and space for an office area, while common areas are open, airy, and well maintained with natural wood floors and plenty of space. Current owner rented rooms for $825 each plus utilities, but current comparables warrant $1000/room +, grossing the owner $48,000 per year. Low maintenance costs result in an expected cap rate of 5.5-6%. Five minute drive to UVM, Burlington Airport, or Downtown Burlington. One minute to supermarkets, Starbucks, or the Arts/Brewery District! One of the most convenient locations in the city, walking distance from the best hiking trails in Burlington. This place has it all... easy to shop, easy to play, easy to travel... easy to rent!
Exterior Features

Area Description Near PathsNear ShoppingNeighborhoodNear Public Transportatn Color Light Gray Construction Wood Frame Driveway Crushed StoneGravel Exterior Vinyl Siding Exterior Features Garden SpaceNatural ShadeShedWindow ScreensWindows - Double PaneWindows - Energy Star Has Garage No Lot Description City LotTrail/Near Trail Parking DrivewayOff StreetOn-SiteParking Spaces 5 Road Frontage Yes Road Frontage Length 94 Roads Paved Roof Shingle - Asphalt Style Colonial

Interior Features

Basement Access Type Interior Basement Description ConcreteConcrete FloorCrawl SpaceUnfinished Cooling None Flooring Hardwood Foundation BlockConcrete Has Basement Yes Heating BaseboardGas HeaterHot Water Total Heated Units 1 Total Ranges 1 Total Refrigerators 1 Total Water Heaters 1 Unit1 Approx Sq Ft 2340 Unit1 Baths 5 Water Heater Gas - Natural

Property Features

Assessment Year 2021 Construction Status Existing Easements Yes Electric Circuit Breaker(S) Electric Company Burlington Electric Flood Zone No Fuel Company Vermont Gas Gross Income 48000 Heat Fuel Gas - Natural Pre Construction No Seasonal No Separate Utilities No Sewer Public Tax Gross Amount 12136.32 Tax Year 2021 Taxes Tbd No Total Electric Meters 1 Total Gas Meters 1 Total Leases 1 Total1 Bed Units 0 Total2 Bed Units 0 Total3 Plus Bed Units 1 Unit1 Info Co DetectorDishwasherDisposalElectricHeat - Natural GasHot WaterLaundry HookupPrimary Br W/ BaMicrowaveRange - ElectricRefrigeratorSmoke DetectorWater HeaterWindow Treatments Unit1 Rental Amount 4000 Unit1 Tenant Pays ElectricHeatHot Water Utilities Cable - AvailableDsl - AvailableGas - At Street Water Public Zoning Residential

Courtesy of Steve Taubman of Re/Max North Professionals: 802-655-3333.


© Copyright 2022 New England Real Estate Network, 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 NEREN. 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 2022-08-12T19:06:11.393.
 
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RE/MAX North Professionals
553 Roosevelt highway suite 200
Colchester VT, 05446