311 South Union Street Burlington, Vermont 05401 MLS# 4831659

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Sold Status

$1,651,250 Sold Price

Multi Type

21 Beds

8 Baths

8,644 Sqft

Listed By Robert Foley of Flat Fee Real Estate
Sold By Lipkin Audette Team of Coldwell Banker Hickok and Boardman
✉ 🖶

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311 South Union Street

This classic Hill Section multi-family apartment building has undergone significant improvements and renovations over the years. The improvements to this 7 unit, 21 bed property include new heating systems, new roofs, new appliances, kitchens and bath renovations, new flooring and exterior painting. The site features a large parking lot behind the buildings as well. There are views from the cupola of the front building providing for future possibilities. This is a turn key investment opportunity with a solid cap rate. †

Property Location

311 South Union Street Burlington

Property Details

Sold Price  $1,651,250 Sold Date  Feb 5th, 2021
List Price  1,673,000 Bedrooms  21 Garage Size   Car
Cooperation Fee  Unknown Total Bathrooms  8 Year Built  1900
MLS#  4831659 Lot Size  0.36 Acres Taxes $42,057
Type  Multi-Family Days on Market  1513 Days Tax Year 2020
Units  7 Stories  2 Road Frontage  71
Annual Income  $201,600 Style  Apartment Building Water Frontage  
Annual Expenses  $0 Finished  8,644 Sqft Construction  No, Existing
Zoning   residential Above Grade  7,978 Sqft Seasonal  No
Total Rooms  21 Below Grade  666 Sqft List Date  Sep 30th, 2020
Gross Income  $201,600 Operating Expenses  $0 Net Income  $126,000
Expenses Includes 
Unit 1   4 Beds, 2 Baths, $3,110/Monthly Unit 2   2 Beds, 1 Baths, $1,550/Monthly
Unit 3   2 Beds, 1 Baths, $1,825/Monthly Unit 4   1 Beds, 1 Baths, $1,050/Monthly
Unit 5   4 Beds, 1 Baths, $2,950/Annually Unit 6   4 Beds, 1 Baths, $2,950/Monthly
Unit 7   4 Beds, 1 Baths, $3,000/Monthly
ConstructionWood Frame
BasementInterior, Unfinished
Interior Features
Exterior Features
Exterior  Clapboard Disability Features  
Foundation  Concrete House Color  
Floors  Vinyl, Tile, Wood Building Certifications  
Roof  Metal, Shingle HERS Index  
Directions
Lot Description, View, City Lot
Garage & Parking  No, , , On Site
Road Frontage  71 Water Access  
Driveway  Paved, Gravel Water Type  
Flood Zone  No Water Body  
Zoning  residential
School District  Burlington School District Middle  Edmunds Middle School
Elementary  Assigned High  Burlington High School
Heat Fuel   Excluded  
Heating/Cool  None, Hot Water Negotiable  
Sewer  Public Parcel Access ROW  
Water  Public ROW for Other Parcel  
Water Heater  Gas-Natural Financing  
Cable Co  Xfinity Documents  
Electric  Circuit Breaker Tax ID  11403517733
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† The remarks published on this webpage originate from Listed By Robert Foley of Flat Fee Real Estate via the PrimeMLS IDX Program and do not represent the views and opinions of Coldwell Banker Hickok & Boardman. Coldwell Banker Hickok & Boardman cannot be held responsible for possible violations of copyright resulting from the posting of any data from the PrimeMLS IDX Program.