58-62 North Union Street
Burlington, VT 05401
$1,895,000
Price
11
Beds
8
Baths
6,008 Sq. Ft.
$315 / Sq. Ft.
6,008
Sq. Ft.
$315
per Sq. Ft.
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...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! Well maintained with a great rental history.
- Listed by Dave Kleh • KW Vermont
Property Details for 58-62 North Union Street
Parking
Parking Spaces 5 - 10
Water ViewNo
Waterfront PropertyNo
ZoningRes- Medium Intensity
LISTING UPDATED: 12/05/2024 03:45 PM
Property Details for 58-62 North Union Street
| Status | Active |
|---|---|
| MLS # | 5020997 |
| Days on Market | 51 |
| Taxes | $33,550 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi Family |
| Year Built | 1992 |
| Lot Size | 0.20 AC / 8,712 SF |
| County | Chittenden County |
Building Information for 58-62 North Union Street
Stories2Residences10Year Built1992Building Size-Lot Size0.20 AC / 8,712 SF
Property Information for 58-62 North Union Street
Summary
Location and General Information
- City: Burlington
- County: VT-Chittenden
- Latitude: 44.482113999999996
- Longitude: -73.209068796295185
- Road Frontage: Yes
- Seasonal: No
- State: VT
- Street Designation: Street
- Zip Code: 05401
Taxes and HOA Information
- SPAN Number: 11403515501/11403515502
- Tax Year: 2024
- Tax Year Notes: 2024-2025
- Taxes TBD: No
School Information
- School - High: Burlington High School
- School - District: Burlington School District
- School - Elementary: Assigned
- School - Middle/Jr: Edmunds Middle School
Parking
- Garage: No
- Driveway: Paved
Property
Lot Information
- Lot - Sqft: 8712.0
- Lot Features: City Lot, Landscaped, Sidewalks, In Town, Near Shopping, Near Public Transportatn, Near Hospital
- Lot Size Acres: 0.2
- Road Frontage Length: 87.0
- Square Feet Apx Finished Above Grade: 6008.0
- Square Feet Apx Finished AG Source: Public Records
- Square Feet Apx Finished Below Grade: 0.0
- Square Feet Apx Finished BG Source: Public Records
- Square Feet Apx Total: 8645.0
- Square Feet Apx Total Finished: 6008.0
- Square Feet Apx Unfinished Above Grade: 0.0
- Square Feet Apx Unfinished AG Source: Public Records
- Square Feet Apx Unfinished Below Grade: 2637.0
- Square Feet Apx Unfinished BG Source: Public Records
- Water Body Access: No
Property and Assessments
- Current Use: No
- Property Class: Multi-Family
- Construction Status: Existing
- Flood Zone: No
- Foundation: Stone
- PreConstruction: No
- ROW - Length: 93.5
- ROW - Parcel Access: Yes
- ROW - Width: 8.5
- ROW to other Parcel: No
- Surveyed: Unknown
- Year Built: 1992
Utilities
- Electric Company: Burlington Electric
- Cable Company: Burlington Telecom
- Fuel Company: VT Gas
- Electric: 220 Plug, Circuit Breaker(s)
- Sewer: Public
- Water Source: Public
- Utilities: Cable
- Total Electric Meters: 12
- Separate Utilities: Yes
- Internet: Internet - Cable
Interior and Exterior Features
Exterior Features
- Color: Cream
- Construction Materials: Wood Frame, Vinyl Exterior
- Roof: Shingle, Slate
Interior Features
- Basement: Yes
- Basement Access Type: Interior
- Basement Description: Full, Stairs - Interior
- Total Full Baths: 8
- Heating: Natural Gas, Baseboard, Hot Air
- Cooling: Wall AC Units
- Total Refrigerators: 18
- Total Stories: 2
- Trash: Dumpster
Multi Family
Income & Expenses Information
- Gross Income: $189,300.00
- Net Income: $113,781.00
Multi-Family Information
- Total Units: 10
- Total 1 BR Units: 8
- Total 2 BR Units: 1
- Total 3+ BR Units: 1
Unit Information
Unit 1
- Unit 1 Baths: 1
- Unit 1 Bedrooms: 3
- Unit 1 Lease Term: Annual
- Unit 1 Rental Amt Freq: Monthly
- Unit 1 Status: Leased
- Unit 1 Rental Amount: $2,300.00
- Unit 1 Tenant Pays: All Utilities
Unit 2
- Unit 2 Lease Term: Annual
- Unit 2 Baths: 1
- Unit 2 Rental Amt Freq: Monthly
- Unit 2 Bedrooms: 2
- Unit 2 Rental Amount: $1,875.00
Unit 3
- Unit 3 Lease Term: Annual
- Unit 3 Baths: 1
- Unit 3 Rental Amt Freq: Monthly
- Unit 3 Bedrooms: 1
- Unit 3 Rental Amount: $1,400.00
Unit 4
- Unit 4 Lease Term: Annual
- Unit 4 Rental Amt Freq: Monthly
- Unit 4 Baths: 1
- Unit 4 Bedrooms: 1
- Unit 4 Rental Amount: $1,400.00
Unit 5
- Unit 5 Rental Amt Freq: Monthly
- Unit 5 Baths: 1
- Unit 5 Bedrooms: 1
- Unit 5 Lease Term: Annual
- Unit 5 Rental Amount: $1,400.00
Unit 6
- Unit 6 Lease Term: Annual
- Unit 6 Baths: 1
- Unit 6 Bedrooms: 1
- Unit 6 Rental Amt Freq: Monthly
- Unit 6 Rental Amount: $1,600.00
Unit 7
- Unit 7 Bedrooms: 1
- Unit 7 Baths: 1
- Unit 7 Lease Term: Annual
- Unit 7 Rental Amt Freq: Monthly
- Unit 7 Rental Amount: $1,500.00
Unit 8
- Unit 8 Rental Amount: $1,300.00
- Unit 8 Lease Term: Annual
- Unit 8 Rental Amt Freq: Monthly
- Unit 8 Bedrooms: 1
- Unit 8 Rooms: 0
Property History for 58-62 North Union Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 58-62 North Union Street
This home is within Burlington School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Edmunds Elementary School PublicPK to 5 | ||
Edmunds Middle School Public6 to 8 | ||
Burlington Senior High School Public9 to 12 | ||
Burlington Technical Center Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of KW Vermont
Copyright 2024 PrimeMLS, Inc. 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 12/25/2024 10:51 PM
