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Turn key, 10-unit downtown Burlington investment opportunity. 2 buildings consisting of a 7 unit Multi Family and 3 unit Multi Family being sold together. Fully occupied in a terrific location with off-street parking. Great rentals with a mix of studios, one, two, and three bedroom apartments. Desirable location close to colleges, hospital, and downtown Burlington!
Property Location
58-62 North Union Street Burlington
Property Details
Sold Price $1,396,000
Sold Date Jun 27th, 2019
List Price 1,600,000
Bedrooms 11
Garage Size Car
Cooperation Fee Unknown
Total Bathrooms 8
Year Built 1992
MLS# 4734193
Lot Size 0.2 Acres
Taxes $29,476
Type Multi-Family
Days on Market 2706 Days
Tax Year 2018
Units 10
Stories 2
Road Frontage 87
Annual Income $0
Style Multi-Family
Water Frontage
Annual Expenses $47,598
Finished 6,008 Sqft
Construction No, Existing
Zoning RM
Above Grade 6,008 Sqft
Seasonal No
Total Rooms 11
Below Grade 0 Sqft
List Date Jan 25th, 2019
Gross Income $0
Operating Expenses $47,598
Net Income $146,340
Expenses Includes
Unit 1 3 Beds, 1 Baths, $2,175/Monthly
Unit 2 2 Beds, 1 Baths, $1,475/Monthly
Unit 3 1 Beds, 1 Baths, $950/Monthly
Unit 4 1 Beds, 1 Baths, $1,150/Monthly
Unit 5 1 Beds, 1 Baths, $1,150/Monthly
Unit 6 1 Beds, 1 Baths, $1,150/Monthly
Unit 7 1 Beds, 1 Baths, $1,150/Monthly
Unit 8 1 Beds, 1 Baths, $950/Monthly
ConstructionWood Frame
BasementInterior, Interior Stairs, Full
Interior Features
Exterior Features
Exterior Vinyl
Disability Features
Foundation Stone
House Color Cream
Floors
Building Certifications
Roof Slate, Shingle-Asphalt
HERS Index
DirectionsFrom Pearl Street, head north on North Union Street past Pearl Street Beverage, building is on the right across from Grant Street.
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