Burlington area Investment Properties
With the recent expansion of the Fannie Mae mortgage rules regarding investors, perhaps these Burlington VT Investment Properties are starting to look a little more enticing. Read about Mortgage rules here
With UVM, Champlain College, and St. Michaels alone, there is a constant flow of renters looking for a Burlington Area Investment property to rent.
Rare investment opportunity on 1.99 acres located in the New North End of Burlington. Existing 4 unit building with strong income stream plus new 2 bedroom 1.5 bath ADA accessible single family and 8 new 2 bedroom duplex style townhouses- a total of 13 rental units in all. Newer units are part of Planned Unit Development. Currently nearing completion, landscaping to be completed. All new units are Energy Star rated, off street parking, two units have attached garage. Convenient location on bus line, near bike path, and minutes to Downtown via 127 Connector.
IF you stand back and evaluate this neighborhood you will come up with some pretty amazing statistics. The main thing you will discover is that the location, setting and waterfront are key to your investment. Some homeowners at South Cove have made major upgrades to their homes while many others have knocked down and started over. Living on the lake and creating a home for your lifestyle and memories to pass on is a Vermont dream. There were two 1970's lakefront properties that sold for $950,000 and the other for $1,000,000 in Chitt County in 2010. Both homes were torn down and buyers built new. Take a look for yourself & bring your builder to figure out what option best fits your needs to live in this convenient Burlington lakefront location looking west to big views of the Adirondacks & deep clear water! Price quotes for tearing house down available by request.
Wonderful investment opportunity in this amazing property. Here is a very rare 9 unit income producing multi family home in Burlington. Total of 16 bedrooms with 7 two bedroom units and 2 one bedroom units, all with great layouts. Long term tenants with an excellent rental history and room to increase rental income. Projected net operating income is $76,328. Possibility to increase cash flow and add coin operated laundry room that can be accessed by all tenants. With off street parking and storage this apartment building is a must see for anyone looking! Motivated Seller.
Location, condition, quality.........and lake views from the penthouse! Add in solid rental history to professionals over the years, strong investment numbers and this landmark property is one to grab while you can. Located steps to Burlington's Marketplace, blocks to Colleges and the Hospital this is a superb building for both owner occupied and savvy investor. Carport, 9 parking spots, walk in basement, $50k in improvements the past 3 years. Don't wait - there are few like this in town!
This 1906 Historic Victorian displays beautiful architectural details throughout. It is an ideal owner occupied investment property live in your dream home and your tenants will significantly reduce your expense -with 20% down and a 30 year mortgage you pay $1500/mo. after rents are collected WOW! The condition of this home reflects a pride of ownership that dates back to its beginning; most of the original fixtures are still in place while major systems have been efficiently updated including insulation, windows, wiring, roofs, heating system, and fresh exterior paint. The Property includes a separate carriage barn with 2 charming apartments built in 2001 that generate an income of $22,500/year. Village living allows you to park the car and walk to schools, parks and rec fields, restaurants, farmers market and more. This versatile property has many possible uses: in-law, au pair, B&B, home office or small business. Feature booklets available.
Fantastic investment opportunity. Many development options. Property includes 2 single-family homes, 1 duplex, and an auto shop. Large land area. New low price.
Immaculate refurbished duplex from the studs out.Additional outbuilding that rents for $600/mo for furniture storage. Has huge 14 ft overhead door for easy access. Completely remodeled duplex 9 years ago - wiring, siding, doors, windows. Owner is in process of getting lot approved for additional duplex. Plans on file with removal of outbuilding. Great investment.
4 Unit Investment property with great rental history.
Great investment opportunity with Commercial and Multi-family use! One well known store front and 2 rental units above. Active leases with good rental income, many possibilities for someone looking for future potential. Great corner lot with maximum exposure and lots of foot traffic. Walking distance to downtown, parks, schools, shopping, etc.
Truly a surprising interior. Side by side mirror image townhome style unit built 26 years ago. Full basement. Would be excellent owner occupied investment. Separate paved driveways.
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