South Burlington, VT | 64-66 Swift Street

Description

Positioned for immediate income with long-term upside, this turn-key South Burlington duplex offers an attractive opportunity for investors, owner-occupants, or buyers seeking a flexible real estate and business asset. The property includes two separately metered, 2-bed, 1-bath units with reliable, long-term tenants already in place and convenient access to I-89, Burlington, UVMMC, local colleges, shopping, dining, and public transportation. The 1, 000+ square foot lower unit (#64) offers two spacious bedrooms, a comfortable living layout, a dedicated mudroom with laundry hookups, and direct access to the full unfinished basement for additional storage (exterior basement access from backyard). This unit also includes a sunny rear deck overlooking the large fenced backyard. Improvements include new carpet installed in 2019, along with a newer stove, refrigerator, interior paint, exterior door, and deck repairs. The upper unit (#66) offers two bedrooms, one bathroom, and an efficient layout. Recent updates include new vinyl plank flooring (2024) and a newer refrigerator. Both units benefit from newer hot water tanks (within past 5 years) and hardwired smoke and carbon monoxide detectors (June, 2025). Public water, public sewer, natural gas heat, separate gas and electric meters, and off-street parking support efficient ownership and management. With both units currently rented on month-to-month agreements, the property provides established income while maintaining flexibility for future planning. Located within South Burlington’s Higher Scale Mixed Use zoning district, the property may offer additional long-term potential, including possible added residential units or future office use, pending City approval. Whether held as an excellent rental, owner-occupied, or explored as a broader business or redevelopment opportunity, this exceptional property with a strong cap rate offers multiple paths to building value. See MLS #5102580 for complete Multi-Family listing.