250 South Union Street Burlington, Vermont 05401

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Sold Status
$1,650,000 Price
Multi Type
18 Beds
6 Baths
7,407 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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Hill Section 5-Unit Hill Section 5-Unit

Premier investment property in Burlington's Hill Section consisting of 5 apartments in 2 buildings with 18 bedrooms, over 7,400 sq ft. of living space on .61 acre lot. Located near Colleges and downtown in one of Burlington's most desirable locations. This turn-key property has been very well maintained and updated, offering ample parking and lake views.

Property Location

Property Details

Sold Price  $1,660,000 Sold Date  Oct 14th, 2020
MLS#  4824639 Bedrooms  18 Garage Size   Car
List Price  1,650,000 Total Bathrooms  6 Year Built  1900
Type  Multi-Family Lot Size  0.6200 Acres Taxes $33,459
Units  5 Stories  1/2/1900 Road Frontage  
Annual Income  $110,727 Style  Apartment Building, Carriage, Victorian Water Frontage  
Annual Expenses  $0 Finished  7,407 Sqft Construction  No, Existing
Zoning   RLD Above Grade  7,407 Sqft Seasonal  No
Total Rooms  18 Below Grade  0 Sqft List Date  Aug 25th, 2020
Gross Income  $181,200 Operating Expenses  $0 Net Income  $110,727
Expenses Includes 
Unit 1   4 Beds, 1 Baths, $0/Mo Unit 3   3 Beds, 1 Baths, $0/Mo
Unit 4   3 Beds, 1 Baths, $0/Mo Unit 5   3 Beds, 1 Baths, $0/Mo
Unit 6   5 Beds, 2 Baths, $0/Mo
ConstructionWood Frame
BasementInterior, Unfinished
Interior Features
Exterior Features
Exterior  Wood Siding Disability Features  
Foundation  Brick, Concrete, Stone House Color  Yellow
Floors   Building Certifications  
Roof  Slate, Shake, Metal HERS Index  
DirectionsFrom top of Main Street, go south on South Willard Street, right onto Maple Street , left onto South Union Street, 4th property on left.
Lot Description, View, Mountain View, Lake View, City Lot
Garage & Parking  No, ,
Road Frontage   Water Access  
Driveway  Paved Water Type  Lake
Flood Zone  Unknown Water Body  
Zoning  RLD
School District  NA Middle  
Elementary   High  
Heat Fuel   Excluded  
Heating/Cool  None, Hot Water, Hot Air Negotiable  
Sewer  Public Parcel Access ROW  
Water  Public ROW for Other Parcel  
Water Heater  Owned Financing  
Cable Co   Documents  
Electric  Circuit Breaker Tax ID  114-035-17752
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