38 Cedar St Burlington, VT 05401

These two adjoining duplexes being sold together, but deeded separately, offer an excellent opportunity to expand your investment portfolio in Burlington’s Old North End! Each building has its own driveway that lead to large back grassy adjoining backyards - a real rarity in the Old North End. Each unit has a deck. Unit 44 has historically been owner occupied; the remaining 3 units have not been leased for at least 3 years. All units have their own separate utilities for heat, electric, hot water, & internet/cable/TV; each duplex has one water/sewer meter. All units have natural gas-powered Rinnai direct vent heaters with their own meters. 4 ranges & 3 refrigerators will convey with the sale. Two of the units need some renovation; the other two have been upgraded with paint, rugs, etc. Once renovated, we conservatively estimate that the monthly rental amounts for the three 2-bedroom units will be $1500 - $1650/month & the one 3-bedroom unit will be $2000 to $2200/month, but please do your own research. A Rental Certificate of Compliance for 42-44 Cedar was just issued & will expire in 2026. 38-40 Cedar’s Rental Certificate of Compliance completed in 2017 has expired. Duplexes are being sold as is; seller will prefer offers with no contingencies. Per the Burlington Fire Marshal, no Time of Sale Inspection is required for the sale since the units are all vacant. Additional documentation available.