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938-950 Shelburne Road, South Burlington, VT 05403

$2,200,000
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Active
BEDS10 BATHS7 full SQUARE FEET8,136 MLS#5071105
STATUSActive PROPERTY TYPEMulti Unit - Multiple

Listing Courtesy of: Cannizzaro Real Estate
Agency Phone: 802-862-9700
Associate Name: Paul Cannizzaro
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Property Description

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. A recently renovated 1,500 SF unit with new flooring, paint, and countertops is ready for occupancy. 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

938-950 Shelburne Road | MLS# 5071105

This multi-family property located at 938-950 Shelburne Road, South Burlington, VT 05403 is currently listed for sale with an asking price of $2,200,000. Search South Burlington real estate on www.masiellogrouprealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Bulkhead, Climate Controlled, Concrete Floor, Full, Insulated, Interior Stairs, Storage Space, Walkout, Exterior Access, Basement Stairs
Cooling: Central AC
Garage: 1
Heating: Natural Gas, Hot Air
Home Style: Apartment Building, Multi-Family
Lot Size: 0.43 Acres
Roof Type: Architectural Shingle
Stories: 2.0
Taxes: $25,648
Year Built: 1966

Units

Unit 1:
Bathroom(s): 1
Bedrooms: 2
Rent: $1975.00
Unit 2:
Bathroom(s): 1
Bedrooms: 2
Rent: $1800.00
Unit 3:
Bathroom(s): 1
Bedrooms: 2
Rent: $1650.00
Unit 4:
Bathroom(s): 1
Bedrooms: 1
Rent: $1300.00
Unit 5:
Bathroom(s): 1
Bedrooms: 2
Rent: $1000.00
Unit 6:
Bathroom(s): 1
Bedrooms: 1
Rent: $1300.00
Unit 7:
Bathroom(s): 1
Rent: $3500.00
Unit 8:
Rent: $2500.00

Feature Descriptions

Construction: Wood Frame, Brick Exterior, Wood Siding
Construction Status: Existing
Days on Site: 140
Driveway: Paved
Driveway: Paved
Electric: Circuit Breaker(s)
Exterior: Wood Frame, Brick Exterior, Wood Siding
Flood Zone: No
Foundation: Poured Concrete, Stone
Foundation: Poured Concrete, Stone
Lot: City Lot, Corner, Curbing, Landscaped, Level, Neighbor Business, Sidewalks, Near Shopping, Near Public Transportatn, Near Hospital, Near School(s)
Parking: Auto Open, Heated Garage, Garage, On-Site, Parking Spaces 11 - 20
Roads: Public
Sewer: Public
Sq. Ft. Total Finished: 8136
Total Stories: 2
Units: 8
Water: Public
Zoning: Higher Scale Mixed

Listed By / Shown By

Listed By

Agency Name: Cannizzaro Real Estate
Agency Phone: 802-862-9700
Agent Name: Paul Cannizzaro

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Estimated Payment

$ 7,675.25 per month $4,896.25 Principal & Interest $2,137.33 Property Tax $641.67 Homeowner's Insurance

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