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Listed by Curtis Trousdale of Preferred Properties

Down town City of Burlington .2208 +/- acre lot with existing single family home and large stone foundation that was formally the Free Methodist Church. Structures on the foundation burned some years ago. Home is occupied as a rental. Substantial onsite parking. Residence is a 3-bedroom 1 bath home built in approximately 1910. New furnace in 2017. Only a block from the popular Church Street, the property is ideally located for potential commercial or residential development. Located in the Residential Medium Density Zoning District, potential permitted uses include single family, duplex, multi-family, and limited commercial uses. Municipal water/sewer. Tenants of the residential building plan to vacate the property by September but require 120 days' notice. The property subject to Glebe Land Lease with yearly rent totaling $50/year made payable to the landowner. Purchasers must to work directly with the City of Burlington regarding permitted uses of property. City indicates current use would be allowed to continue. Property is being sold in “as is” condition. Deferred maintenance is evident with home likely needing a full renovation. Old church foundation has a temporary roof structure. Current structures do not meet city setbacks. Please refer to Glebe land disclosures and attorney legal opinions. Buyers should consult their attorney before placing offers. Showings of grounds and exterior of structure, interior available to see 7/7 or sooner.

Property Details of 72 Elmwood Avenue

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Copyright 2019 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the IDX Program of NEREN. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated July 18, 2019.

 

 

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