Property Description

Updated duplex on a large corner lot in sought after South End University district. Almost $175,000 worth of updates over the past 6 years. Excellent rental history. Termendous potential to expand building to increase income by adding a 3rd unit or bedrooms to existing units. Unit 2 currently has 3 rooms that can function as bedrooms. Parking and green space for more bedrooms or units already exist with the large side yard and recently paved 6+ parking spot driveway. Walk to UVM, the Medical Center, Champlain College, downtown and the South End shops and restaurants. Perfect for owner-occupancy or as a tremendous investment property. The current owner has taken this building to the next level both mechanically and cosmetically. Recent updates include extensive remodeling of the 2nd and 3rd floors. Updates to Apt #2 include: new hardwood floors, a new kitchen with granite countertops, stainless steel appliances, a gas range, hood fan, baseboard heat, Mission-style masonite interior doors, light fixtures, and a tile shower and floor in the 3/4 bath. Both interior stairways have been rebuilt with risers and hardwood treads. Other structural updates include replacing or repairing all roofs, repointing bricks, paving the driveway, and replacing multiple windows. Mechanical upgrades include extensive electrical and plumbing in both units and the basement. Washer and Dryer hookups added for Apt #2. Both units have private laundry. Apt #1 is in great condition, featuring vinyl flooring in kitchen, stainless steel appliances, large side insulated porch with vinly windows, pine beadboard ceiling and walls. See the feature sheet for more details. All dimensions and estimates are approx. Apt #2 currently vacant & ready for new tenants or owner-occupy. Historically rented under market to long term tenants. Gross income based on projected market rents of $2200 unit 1 and $2800 for unit 2. Sqft Apt #1 includes finished porch.

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