Back to Search ResultsSold Status
$3,150,000 Sold Price
Multi Type
0 Beds
0 Baths
22,589 Sqft
Sold By Lipkin Audette Team of Coldwell Banker Hickok and Boardman
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Burlington
Rare large Investor opportunity to acquire a fully occupied turn key complex encompassing 4 adjacent buildings surrounded by parking in the heart of Burlington. This Multi Family portfolio consists of 19 units with 37 bedrooms offering strong current rents with attractive upside potential. Anchored by an exceptional 7-unit brick building on South Union Street with an attached 4-unit addition over 5 garages bays. Also includes an inviting 5-unit on Maple Street plus a separate 3-unit carriage house. Extremely convenient location for residents looking to be near downtown/waterfront, University of Vermont or Champlain College. The 207 South Union Street portfolio offers one of the most desirable locations in Burlington for students or professionals looking for immediate access to all that Burlington has to offer.
Property Location
Property Details
| Sold Price $3,150,000 | Sold Date Jan 29th, 2021 | |
|---|---|---|
| List Price 3,400,000 | Bedrooms 0 | Garage Size 5 Car |
| Cooperation Fee Unknown | Total Bathrooms 0 | Year Built 1920 |
| MLS# 4832150 | Lot Size 0.66 Acres | Taxes $61,713 |
| Type Multi-Family | Days on Market 1511 Days | Tax Year 2020 |
| Units 19 | Stories 2 | Road Frontage |
| Annual Income $338,120 | Style Apartment Building, Multi-Family | Water Frontage |
| Annual Expenses $0 | Finished 22,589 Sqft | Construction No, Existing |
| Zoning RHD | Above Grade 19,801 Sqft | Seasonal No |
| Total Rooms 0 | Below Grade 2,788 Sqft | List Date Oct 2nd, 2020 |
| Gross Income $338,120 | Operating Expenses $0 | Net Income $236,954 |
|---|
| Expenses Includes |
|---|
| ConstructionWood Frame |
|---|
| BasementInterior, Unfinished, Finished |
| Interior Features |
| Exterior Features |
| Exterior Cedar, Brick | Disability Features |
|---|---|
| Foundation Brick, Stone | House Color |
| Floors Hardwood | Building Certifications |
| Roof Slate, Slate | HERS Index |
| DirectionsCorner of South Union and Maple Street. |
|---|
| Lot Description, City Lot |
| Garage & Parking Yes, , |
| Road Frontage | Water Access |
|---|---|
| Driveway Paved | Water Type |
| Flood Zone Unknown | Water Body |
| Zoning RHD |
| School District NA | Middle |
|---|---|
| Elementary | High |
| Heat Fuel | Excluded |
|---|---|
| Heating/Cool None, Space Heater | Negotiable |
| Sewer Public | Parcel Access ROW |
| Water Public | ROW for Other Parcel |
| Water Heater Owned | Financing |
| Cable Co | Documents Deed |
| Electric Circuit Breaker | Tax ID 114-035-17515 |
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