355 South Union Street Burlington, Vermont - Sold in 2015

355 South Union Street Burlington, Vermont 05401 MLS# 4385100

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Sold Status

$1,051,000 Sold Price

Multi Type

8 Beds

0 Baths

6,074 Sqft

Listed By Steve Lipkin of Coldwell Banker Hickok & Boardman - (802)846-9575
Sold By Steve Lipkin of Coldwell Banker Hickok and Boardman
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355 South Union Street

Landmark Brick Burlington 13 Unit Multi-Family. All apartments are fully occupied with strong upside potential. Significant improvements include: electrical, sprinkler and heating systems. Rare opportunity to acquire extraordinary property in prime Burlington Hill section location.

Property Location

355 South Union Street Burlington

Property Details

Sold Price  $1,051,000 Sold Date  Feb 20th, 2015
List Price  1,100,000 Bedrooms  8 Garage Size  0 Car
Cooperation Fee  Unknown Total Bathrooms  0 Year Built  1872
MLS#  4385100 Lot Size  0.19 Acres Taxes $19,634
Type  Multi-Family Days on Market  4274 Days Tax Year 14-15
Units  13 Stories  4+ Road Frontage  66
Annual Income  $0 Style  Other Water Frontage  
Annual Expenses  $36,588 Finished  6,074 Sqft Construction  No, Existing
Zoning   RL Above Grade  4,412 Sqft Seasonal  No
Total Rooms  8 Below Grade  1,662 Sqft List Date  Sep 22nd, 2014
Gross Income  $0 Operating Expenses  $36,588 Net Income  $113,520
Expenses Includes 
Unit 1   1 Beds, Baths, $940/Mo Unit 2   1 Beds, Baths, $775/Mo
Unit 3   1 Beds, Baths, $775/Mo Unit 4   1 Beds, Baths, $990/Mo
Unit 5   1 Beds, Baths, $0/Mo Unit 6   1 Beds, Baths, $0/Mo
Unit 7   1 Beds, Baths, $0/Mo Unit 8   1 Beds, Baths, $0/Mo
ConstructionMasonry, Other
BasementWalkout, Apartments, Interior Stairs, Finished
Interior Features
Exterior Features
Exterior  Brick Disability Features  
Foundation  Stone House Color  Brick
Floors  Carpet, Hardwood Building Certifications  
Roof  Slate HERS Index  
DirectionsHead North on South Union Street, cross Cliff Street, on left just before Spruce Street.
Lot DescriptionCity Lot
Garage & Parking  No, Off Street
Road Frontage  66 Water Access  
Driveway  ROW, Gravel Water Type  
Flood Zone  Unknown Water Body  
Zoning  RL
School District  Burlington School District Middle  Edmunds Middle School
Elementary  Assigned High  Burlington High School
Heat Fuel  Gas-Natural Excluded  
Heating/Cool  Hot Water Negotiable  
Sewer  Public Parcel Access ROW  Yes
Water  Public ROW for Other Parcel  Yes
Water Heater  Gas-Natural Financing  Conventional, Possible Owner
Cable Co   Documents  Deed, Lease Agreements
Electric  Circuit Breaker Tax ID  114-035-17728
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