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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! †
Property Location
58-62 North Union Street Burlington
Property Details
List Price 2,100,000
Bedrooms 11
Garage Size Car
Cooperation Fee Unknown
Total Bathrooms 7
Year Built 1992
MLS# 5020997
Lot Size 0.2 Acres
Taxes $33,550
Type Multi-Family
Days on Market 9 Days
Tax Year 2024
Units 10
Stories 2
Road Frontage 87
Annual Income $189,300
Style
Water Frontage
Annual Expenses $0
Finished 6,008 Sqft
Construction No, Existing
Zoning Res- Medium Intensity
Above Grade 6,008 Sqft
Seasonal No
Total Rooms 11
Below Grade 0 Sqft
List Date Nov 4th, 2024
Gross Income $189,300
Operating Expenses $0
Net Income $113,781
Expenses Includes
Unit 1 3 Beds, 1 Baths, $2,300/Monthly
Unit 2 2 Beds, 1 Baths, $1,875/Monthly
Unit 3 1 Beds, 1 Baths, $1,400/Monthly
Unit 4 1 Beds, 1 Baths, $1,400/Monthly
Unit 5 1 Beds, 1 Baths, $1,400/Monthly
Unit 6 1 Beds, 1 Baths, $1,600/Monthly
Unit 7 1 Beds, 1 Baths, $1,500/Monthly
Unit 8 1 Beds, Baths, $1,300/Monthly
Construction
BasementInterior, Interior Stairs, Full
Interior Features
Exterior Features
Exterior
Disability Features
Foundation Stone
House Color Cream
Floors
Building Certifications
Roof Slate, Slate
HERS Index
Directions
Lot Description, Near Bus/Shuttle
Garage & Parking No, 5-10 Spaces
Road Frontage 87
Water Access
Driveway Paved
Water Type
Flood Zone No
Water Body
Zoning Res- Medium Intensity
School District Burlington School District
Middle Edmunds Middle School
Elementary Assigned
High Burlington High School
Heat Fuel
Excluded
Heating/Cool Wall AC Units, Baseboard, Hot Air
Negotiable
Sewer Public
Parcel Access ROW Yes
Water
ROW for Other Parcel No
Water Heater
Financing
Cable Co Burlington Telecom
Documents
Electric Circuit Breaker, 220 Plug
Tax ID 11403515501/11403515502
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† The remarks published on this webpage originate from Listed By Dave Kleh of KW Vermont 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.
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