207 South Union Street Burlington, Vermont 05401

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Sold Status
$3,400,000 Price
Multi Type
0 Beds
0 Baths
22,589 Sqft
Listed By Lipkin Audette Team of Coldwell Banker Hickok & Boardman

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NMLS# 446767

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Situated on Lake Champlain with views of the Adirondack Mountains, Burlington VT offers a wealth of cultural activities, lovely Victorian architecture, and a well educated, vibrant community. Here life takes place on a human scale. Most...

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Rare large Investor opportunity to acquire a fully occupied turn key complex encompassing 4 adjacent buildings surrounded by parking in the heart of Burlington. This Multi Family portfolio consists of 19 units with 37 bedrooms offering strong current rents with attractive upside potential. Anchored by an exceptional 7-unit brick building on South Union Street with an attached 4-unit addition over 5 garages bays. Also includes an inviting 5-unit on Maple Street plus a separate 3-unit carriage house. Extremely convenient location for residents looking to be near downtown/waterfront, University of Vermont or Champlain College. The 207 South Union Street portfolio offers one of the most desirable locations in Burlington for students or professionals looking for immediate access to all that Burlington has to offer.

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Property Details

Sold Price  $3,150,000 Sold Date  Jan 29th, 2021
MLS#  4832150 Bedrooms  0 Garage Size  5 Car
List Price  3,400,000 Total Bathrooms  0 Year Built  1920
Type  Multi-Family Lot Size  0.6600 Acres Taxes $61,713
Units  19 Stories  2 Road Frontage  
Annual Income  $338,120 Style  Apartment Building, Multi-Family Water Frontage  
Annual Expenses  $0 Finished  22,589 Sqft Construction  No, Existing
Zoning   RHD Above Grade  19,801 Sqft Seasonal  No
Total Rooms  0 Below Grade  2,788 Sqft List Date  Oct 2nd, 2020
Gross Income  $338,120 Operating Expenses  $0 Net Income  $236,954
Expenses Includes 
ConstructionWood Frame
BasementInterior, Unfinished, Finished
Interior Features
Exterior Features
Exterior  Cedar, Brick Disability Features  
Foundation  Brick, Stone House Color  
Floors  Hardwood Building Certifications  
Roof  Slate, Slate HERS Index  
DirectionsCorner of South Union and Maple Street.
Lot Description, City Lot
Garage & Parking  Yes, ,
Road Frontage   Water Access  
Driveway  Paved Water Type  
Flood Zone  Unknown Water Body  
Zoning  RHD
School District  NA Middle  
Elementary   High  
Heat Fuel   Excluded  
Heating/Cool  None, Space Heater Negotiable  
Sewer  Public Parcel Access ROW  
Water  Public ROW for Other Parcel  
Water Heater  Owned Financing  
Cable Co   Documents  Deed
Electric  Circuit Breaker Tax ID  114-035-17515