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20
Photos
366 North Avenue, Burlington, VT 05401
$695,000 Asking Price
$---/mo Est. Payment Get Prequalified »
5
beds
3
baths
5,294
sqft
Built in
1935
This property, nestled in Burlington's RC zone under new zoning regulations, presents an enticing opportunity for investment and comfortable living. With permissions for a four-story apartment building, it's primed for development. Currently, the owner capitalizes on rental income, leasing the main house for $3,500 monthly. Significant upgrades enhance its appeal, including finished lower levels, new gas fireplace inserts, and radon mitigation. Smart amenities like Nest thermostats add modern convenience.The main house boasts a spacious open living area, kitchen, and a first-floor bedroom with a newer full bathroom. Upstairs, two bedrooms offer ample accommodation. A separate studio apartment, currently owner occupied could bring in additional rental income of $2,000 monthly. An outbuilding also generates $1,200 monthly for storage. The expansive garage, accommodating four (ish) cars, doubles as a workshop or space ripe for conversion into a home business. Beyond its practicality, the property delights with views of the Green Mountains to the east. Many neighboring owners on North Ave have embraced this vista, creating patio areas for enjoyment. Conveniently located, the property offers easy access to amenities and activities. With its multifaceted potential and prime location, this property is poised to fulfill diverse needs and aspirations. OPen House 5/11/24 12-3
Features & Amenities
Interior
- Basement:
- Concrete Floor,Stairs - Exterior,Stairs - Interior
- A/C:
- Other
- Heating:
- Baseboard,Hot Air,Hot Water, Gas - Natural
Exterior
- Parking:
- Auto Open,Driveway,Garage,Paved,Attached,Detached
Construction
- Roofing:
- Shingle
- General:
- 2, Concrete
Location
- Road/Access:
- Paved,Public
- School District:
- Burlington School District
- County:
- VT-Chittenden
Lot
- Driveway:
- Paved
- Zoning:
- RC
Utilities
- Utilities:
- Other
- Sewer:
- Public
This listing courtesy of:
Four Seasons Sotheby's Int'l Realty, Kathleen OBrien
Monthly Payment
Disabled 10% or more?
Used a VA Loan before?
Eligible for BAH?
Do you have dependents?
Your BAH amount is for the military housing area.
Loan term (number of years)
Property taxes are generally around 1.2% of the home’s value, but may vary based on location.
Annual homeowners insurance is typically 0.35% of the home’s value but can vary based on insurer.
$---
Est. Payment *
- Principal & Interest $--
- Taxes $--
- Insurance $--
- VA Funding Fee $--
$--- Est. Payment - $--- BAH = $--- Remaining
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About Burlington, VT
Housing
- Number of Units
- 17,226
- Median Home Value
- $334,933
- Median Rent
- $1,206
63.95% of housing units are renter occupied.
4.69% are vacant.
Commute
- Car
-
43.04%
- Public Transportation
-
4.00%
- Walk to Work
-
15.62%
- Work from Home
-
32.31%
- Other
-
0.33%
The median travel time to work is 13 minutes.
People
- Population
- 42,518
- Median Age
- 32.10
- Median Household Size
- 2.39
Education
- High School
-
18.01%
- Associate’s Degree
-
6.67%
- Bachelor’s Degree
-
33.02%
- Graduate Degree
-
19.78%
Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.
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