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. Very well maintained with great rental history.

More Info

Tax Information

Tax Year2024

Building

Year Built1992
NumberOfUnitsInCommunity10
FoundationStone
Square Feet6,008
BasementFull, Stairs - Interior

Exterior

RoofShingle - Asphalt, Slate

Utilities

Heating CoolingHot Air

Legal

Taxes$33,549.96
NOI113781
OtherStructuresLand/Building
ZoningRes medium density

Basic Information

StatusACT
Modification Date11/26/2024
TypeMulti-Family
List Price$1,950,000
Broker NameKW Vermont
Listing Agent NameDave Kleh
Lister Office NameKW Vermont
MLS Number5020999
MLS StatusActive

Amenities

PricePerSqFt324.57

Other

Date Listed11/04/2024
View Count2

Location

Building Number58-62
StreetN Union Street
TownBurlington
StateVT
Zip05401
CountyChittenden
Address58-62 N Union Street

Property

Acreage0.2
Parking Spaces
Property TypeCommercial Sale
AreaVT-Chittenden
Lot Sqft8,712
Road Frontage87

Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display 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 December 1, 2024 11:23 AM EST

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