Price Reduction
Listing Provided Courtesy Of:
Steve Taubman with RE/MAX North Professionals.
Address
378 Queen City Park Road, Burlington, VT
Price
$ 498,900
Property Attributes
  • MLS#4918104
  • TypeMulti-Family
  • CountyCHITTENDEN
  • CityBurlington
  • AreaChittenden
  • Zip05401
  • StyleColonial
  • Year Built1938
  • Taxes$ 12136
  • Price$ 498,900
  • Bedrooms4
  • Full Bathrooms5
  • Half Bathrooms0
  • Sqr Footage3510
  • Lot Size10,890 SqFt
Data Source:
New England Real Estate Network (NEREN)
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!

Price History
6/29/2022 Listed $579,000
7/4/2022 10% - $524,900
8/4/2022 5% - $498,900

General Features

Area Description Near Paths, Near Shopping, Neighborhood, Near Public Transportatn
Assessment Amount 551400
Basement Yes
Construction Wood Frame
Construction Status Existing
Cooling None
Electric Circuit Breaker(s)
Exterior Features Garden Space, Natural Shade, Shed, Window Screens, Windows - Double Pane, Windows - Energy Star
Flood Zone No
Garage No
Heating Baseboard, Gas Heater, Hot Water
Listing Area VT-Chittenden
Net Income 33000
Parking Driveway, Off Street, On-Site, Parking Spaces 5
Price Per Sq Ft 213.21
Road Frontage Yes
Roof Shingle - Asphalt
School District Burlington School District
Sewer Public
Status Active
Stories 2
Style Colonial
Tax Year 2021
Total Heat Units 1
Total Rooms Above Ground 7
Unit 1 Level Number 1 and 2
Utilities Cable - Available, DSL - Available, Gas - At Street
Water Public
Water Heater Gas - Natural
Year Built 1938
Zoning Residential

Interior Features

Basement Access Type Interior
Basement Description Concrete, Concrete Floor, Crawl Space, Unfinished
Flooring Hardwood
Heating Fuel Gas - Natural
Sqft-apx Fin Above Grade 2340
Sqft-apx Total 3510
Sqft-apx Total Finished 2340
Sqft-apx Unfn Below Grade 1170
Total 3+ Br Units 1
Total Full Baths 4
Total Number of Units 1
Total Ranges 1
Total Refrigerators 1
Total Water Heaters 1
Unit 1 Apx Sqft 2340
Unit 1 Bedrooms 4
Unit 1 Info CO Detector, Dishwasher, Disposal, Electric, Heat - Natural Gas, Hot Water, Laundry Hookup, Primary BR w/ BA, Microwave, Range - Electric, Refrigerator, Smoke Detector, Water Heater, Window Treatments
Unit 1 Rooms 7

Exterior Features

Unit 1 Baths 5
Driveway Crushed Stone, Gravel
Exterior Vinyl Siding
Foundation Block, Concrete
Lot Description City Lot, Trail/Near Trail
Lot Size Area 0.25
Road Frontage Length 94
Roads Paved
Total Gas Meters 1
Water Body Access No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 05401

Statistics provided by Inside Real Estate

Price
AVG $640K
$500K
Taxes
AVG $11,026
$12,136
Visits
AVG 36
54
Year Built
AVG 1904
1938

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