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Courtesy of Dave Kleh of KW Vermont: .

58-62 N Union Street

Burlington, VT 05401
  • $1,895,000
  • STATUS: Active
  • ON SITE: 32 Days
  • MLS #: 5020999
Price Reduced
UPDATED: 10 min ago
$1,895,000
  • 0
    BEDS
  • 0.2
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1992
County:
Area:

School Ratings & Info

Description

Turn-key, 10-unit downtown Burlington investment opportunity! Two buildings consisting of a 7-unit multi-family and a 3-unit multi-family are being sold together. Fully occupied in a terrific location with off-street parking, these are great rentals with a mix of studio, one-, two-, and three-bedroom apartments. Sellers have made significant recent upgrades, including all new windows and hot water heaters at the 58-60 property, new electric meters at the 62 property, new decks and porches for both properties, and a newly paved driveway and parking lot. Desirable location close to colleges, the hospital, and downtown. Very well maintained with great rental history.

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© Copyright 2024 PrimeMLS. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimeMLS. 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 2024-12-07T10:06:35.07.
www.livingvermont.com/homes/157504976
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58-62 N Union Street Burlington, VT 05401

  • Price: $1,895,000
  • Status: Active
  • On Site: 32 Days
  • Updated: 10 min ago
  • MLS #: 5020999
0
Beds
0
Baths
0
½ Baths
0.2
Acres
1992
Built
Neighborhood:
Burlington
County:
Chittenden
Area:
Burlington
Property Description
Turn-key, 10-unit downtown Burlington investment opportunity! Two buildings consisting of a 7-unit multi-family and a 3-unit multi-family are being sold together. Fully occupied in a terrific location with off-street parking, these are great rentals with a mix of studio, one-, two-, and three-bedroom apartments. Sellers have made significant recent upgrades, including all new windows and hot water heaters at the 58-60 property, new electric meters at the 62 property, new decks and porches for both properties, and a newly paved driveway and parking lot. Desirable location close to colleges, the hospital, and downtown. Very well maintained with great rental history.
Exterior Features

Construction Materials Wood FrameVinyl Exterior Lot Features In TownNear PathsNear ShoppingCity LotLandscapedSidewalksNear Hospital Parking Parking Spaces 5 - 10Paved Road Frontage Yes Road Frontage Length 87 Roof Shingle - AsphaltSlate Water Body Access YN No Water View YN No Waterfront Property No

Interior Features

Basement Yes Basement Access Type Interior Basement Description FullStairs - Interior Cooling Wall AC Units Foundation Stone Heating Hot Air Sq Ft Total Building 6008

Property Features

Cable Company Burlington Telecom Covenants No Electric Circuit Breaker(s) Electric Company Burlington Electric Flood Zone No Foreclosed / Bank Owned / REO No Fuel Company VT Gas Gross Income 189300 Natural Gas Available Yes Net Income 113781 Pre Construction No Sale Includes Land/Building Seasonal No Sewer Public Span Number 11403515501/11403515502 Sub Property Type Multi-Family Tax Gross Amount 33549.96 Tax Year 2024 Tax Year Notes 24-25 Taxes Tbd No Utilities Cable Vacant Land No Water Source Public Zoning Res medium density

Courtesy of Dave Kleh of KW Vermont: .


© Copyright 2024 PrimeMLS. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimeMLS. 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 2024-12-07T10:06:35.07.
 
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