Well-maintained and thoughtfully updated three-unit property in a prime Burlington rental location, offering strong income performance and long-term appeal. The building features two spacious three-bedroom units and a newly created one-bedroom apartment on the third floor. Units are currently at or near market rents and operating at an approximate 9% cap rate—without the need for rent increases! Both three-bedroom units are leased through May 2026 and have seen meaningful improvements, including an upgraded bathroom in the first-floor unit, an expanded kitchen in the second-floor unit, a newer hot water tank, as well as an extended rear stairway and roofline. The third floor has been fully transformed from unfinished storage into a modern one-bedroom apartment with a new kitchen, tiled shower bath, spray-foam insulation, and mini-split heating and cooling. This unit is currently vacant, allowing flexibility for an owner-occupant or the opportunity to lease a brand-new apartment at prevailing market rates. Additional features include shared laundry and a newly installed full-building fire sprinkler system for safety. Situated in a high-demand location between UVM and Church Street, this is a compelling opportunity for investors, owner-occupants, or parents seeking housing for their college-age children.