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Turn-Key 10 Unit Downtown Investment Property. 2 Buildings Sold Together. Terrific Location, Zero Vacancy-All Leases thru May 31 2011, Off-Street Parking, 7 unit at 58 North Union Completely Rebuilt After Fire in 1992. Unit 9-one bedroom $900. Unit 10- Studio $700. See attachment for income/expenses. NOI $101,051.
Property Location
58-62 North Union Street Burlington
Property Details
Sold Price $1,055,000
Sold Date Nov 30th, 2010
List Price 1,175,000
Bedrooms 11
Garage Size 0 Car
Cooperation Fee Unknown
Total Bathrooms 8
Year Built 1910
MLS# 4018186
Lot Size 0.2 Acres
Taxes $16,330
Type Multi-Family
Days on Market 5215 Days
Tax Year 2011
Units 10
Stories 2
Road Frontage 87
Annual Income $126,540
Style Other
Water Frontage
Annual Expenses $25,489
Finished 6,008 Sqft
Construction No, Existing
Zoning na
Above Grade 6,008 Sqft
Seasonal No
Total Rooms 11
Below Grade 0 Sqft
List Date Aug 12th, 2010
Gross Income $126,540
Operating Expenses $25,489
Net Income $0
Expenses Includes
Unit 1 3 Beds, 1 Baths, $2,100/Monthly
Unit 2 2 Beds, 1 Baths, $1,400/Monthly
Unit 3 1 Beds, 1 Baths, $795/Monthly
Unit 4 1 Beds, 1 Baths, $1,000/Monthly
Unit 5 1 Beds, 1 Baths, $1,000/Monthly
Unit 6 1 Beds, 1 Baths, $1,000/Monthly
Unit 7 1 Beds, 1 Baths, $900/Monthly
Unit 8 1 Beds, 1 Baths, $750/Monthly
ConstructionWood Frame
Basement, Interior Stairs, Full
Interior Features
Exterior Features
Exterior Vinyl
Disability Features
Foundation Stone
House Color Cream
Floors Vinyl, Carpet, Hardwood
Building Certifications
Roof Slate, Shingle-Asphalt
HERS Index
DirectionsFrom Pearl St- Go North on North Union- Property on the right just before Grant St.
Lot Description, City Lot, Near Bus/Shuttle
Garage & Parking No, , , 5-10 Spaces
Road Frontage 87
Water Access
Driveway ROW
Water Type
Flood Zone No
Water Body
Zoning na
School District NA
Middle Edmunds Middle School
Elementary Assigned
High Burlington High School
Heat Fuel
Excluded
Heating/Cool Wall AC Units, Baseboard, Wall Units, Hot Air
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