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311 South Union Street Burlington, Vermont 05401

$1,768,000 Price
Multi Type
21 Beds
8 Baths
8,644 Sqft

Listed By Robert Foley of Flat Fee Real Estate

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Property Location

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Call: (802)879-8790 Option 1 x2052
NMLS# 446767

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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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Multi-Family Home

Many recent upgrades and improvements to this 7 unit, 21 bed property in the heart of the Hill Section. Recent upgrades and improvements include new heating systems in back and front buildings as well extensive kitchen renovations. The site features a large parking lot behind the buildings as well. There are views from the cupola of the front building. The property also underwent substantial renovations under the prior owner between 2009 and 2011 making this a turn key investment opportunity with a solid cap rate.

Essentials

MLS#  4736906Bedrooms  21Garage Size   Car
List Price  1,768,000Total Bathrooms  8Year Built  1900
Type  Multi-FamilyLot Size  0.3600 AcresTaxes $38,415
Units  7Stories  2Road Frontage  71
Annual Income  $195,000Style  Apartment BuildingWater Frontage  
Annual Expenses  $0Finished  8,644 SqftConstruction  No, Existing
Zoning   residentialAbove Grade  7,978 SqftSeasonal  No
Total Rooms  Below Grade  666 SqftList Date  Feb 18th, 2019

Expenses

Total Expenses  $0Insurance  $0
Water & Sewer  $0Taxes  $0
Trash  $0Miscellaneous  $0
Maintenance  $0 Association Dues  $0
Rent Includes 

Unit Size & Rent

Unit 1   4 Beds, 2 Baths, 0 SqFt, $3,110/Mo Unit 2   2 Beds, 1 Baths, 0 SqFt, $1,550/Mo
Unit 3   2 Beds, 1 Baths, 0 SqFt, $1,825/Mo Unit 4   1 Beds, 1 Baths, 0 SqFt, $1,050/Mo
Unit 5   4 Beds, 1 Baths, 0 SqFt, $0/Mo Unit 6   4 Beds, 1 Baths, 0 SqFt, $0/Mo
Unit 7   4 Beds, 1 Baths, 0 SqFt, $0/Mo

Building/Construction

ConstructionWood Frame
BasementInterior, Unfinished
Interior Features
Exterior Features
Exterior  ClapboardDisability Features  
Foundation  ConcreteHouse Color  
Floors  Vinyl, Tile, WoodBuilding Certifications  
Roof  Metal, Shingle HERS Index  

Property

Lot Description, View, City Lot
Garage & Parking  No, , , On Site
Road Frontage  71Water Access  
Driveway  Paved, GravelWater Type  
Flood Zone  NoWater Body  
Zoning  residential

Schools

School District  Burlington School DistrictMiddle  Edmunds Middle School
Elementary  AssignedHigh  Burlington High School

Utilities & Other

Heat Fuel  Excluded  
Heating/Cool  None, Hot WaterNegotiable  
Sewer  PublicParcel Access ROW  
Water  Public ROW for Other Parcel  
Water Heater  Gas-NaturalFinancing  
Cable Co  XfinityDocuments  
Electric  Circuit BreakerTax ID  11403517733
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† The remarks published on this webpage originate from Robert Foley of Flat Fee Real Estate via the NNEREN IDX Program and do not represent the views and opinions of Coldwell Banker Hickok & Boardman Realty. Coldwell Banker Hickok & Boardman Realty cannot be held responsible for possible violations of copyright resulting from the posting of any data from the NNEREN IDX Program.