This single-family property in Burlington, Vermont, boasts a substantial rent potential. With a range from $1,225 to $4,100, the potential revenue reflects the desirable location in the Five Avenues neighborhood. The payback period will vary based on rental rates, but with a mid-range average, it could recoup investments relatively quickly. The property features three bedrooms and two baths, enhancing its rental appeal. However, being a single-family unit, it may face competition from multi-family properties.
To increase the property's rental value, consider updating interior features, such as modern appliances and energy-efficient fixtures. Enhancements to curb appeal, like landscaping or painting, could also attract higher-paying tenants. Should the owner consider selling, they should highlight the property's location in a sought-after neighborhood and its potential for rental income to entice investors looking for solid returns.