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Unique opportunity to acquire a completely renovated landmark 8 unit brick apartment building with 26 bedrooms, plus a 3 bedroom single family rental. Located in the heart of Burlington - fully rented with private porches, hardwood floors, high end kitchens and bathrooms. Easy to rent apartments with on-site parking and laundry, situated near Colleges and downtown.
Property Location
76 & 80 North Union Street Burlington
Property Details
Sold Price $2,800,000
Sold Date Feb 26th, 2018
List Price 2,900,000
Bedrooms 26
Garage Size Car
Cooperation Fee Unknown
Total Bathrooms 0
Year Built 1899
MLS# 4651635
Lot Size 0.23 Acres
Taxes $42,229
Type Multi-Family
Days on Market 3226 Days
Tax Year 2017
Units 9
Stories 3
Road Frontage
Annual Income $0
Style Apartment Building, Detached
Water Frontage
Annual Expenses $67,810
Finished 9,783 Sqft
Construction No, Existing
Zoning RM
Above Grade 9,783 Sqft
Seasonal No
Total Rooms 26
Below Grade 0 Sqft
List Date Aug 4th, 2017
Gross Income $0
Operating Expenses $67,810
Net Income $269,400
Expenses Includes
Unit 1 3 Beds, Baths, $2,400/Mo
Unit 2 3 Beds, Baths, $2,400/Mo
Unit 3 3 Beds, Baths, $2,550/Mo
Unit 4 4 Beds, Baths, $3,200/Mo
Unit 5 4 Beds, Baths, $0/Mo
Unit 6 3 Beds, Baths, $0/Mo
Unit 7 3 Beds, Baths, $0/Mo
Unit 8 3 Beds, Baths, $0/Mo
ConstructionWood Frame, Masonry
BasementInterior, Unfinished
Interior Features
Exterior Features
Exterior Brick, Wood Siding
Disability Features
Foundation Stone
House Color BrickWhite
Floors
Building Certifications
Roof Other, Shingle
HERS Index
DirectionsFrom Pearl Street take North Union Street, buildings on right just past Grant Street.
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