207 South Union Street Burlington, Vermont 05401

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Under Contract 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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Burlington

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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207 South Union Street 207 South Union Street
244 Maple Street 244 Maple Street
207 South Union Back Building 207 South Union Back Building
207.5 Carriage Home/Triplex 207.5 Carriage Home/Triplex
Close to Downtown Close to Downtown
Nice Sunny Deck Nice Sunny Deck
3 Level Building on Maple 3 Level Building on Maple
Aerial View Aerial View
Close to Downtown Close to Downtown
Close to Lake Champlain Close to Lake Champlain
Aerial Map Aerial Map
Lots of Parking Lots of Parking
Back View of 207 Back View of 207
Beautiful Brick Building Beautiful Brick Building
Welcome! Welcome!
5-Car Garage 5-Car Garage
Sunny Deck Sunny Deck
Covered Porch Covered Porch
Charming Features Charming Features
Hardwood Floors Hardwood Floors
Cool Double Doors Cool Double Doors
Sunny Apartments Sunny Apartments
Nice Kitchens Nice Kitchens
Kitchen Kitchen
Kitchen Kitchen
Kitchen Kitchen
Kitchen Kitchen
Lots of Windows Lots of Windows
Kitchen Kitchen
Tenants Love Their Spaces Tenants Love Their Spaces
Kitchen Kitchen
Nice Flooring Nice Flooring
Clean Units Clean Units
Kitchen Kitchen
Turn-Key Buildings Turn-Key Buildings

Burlington Investment Portfolio

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 Location

Property Details

Contract Date  Nov 24th, 2020
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  $236,954 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
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