311 SOUTH UNION STREET Burlington, VT 05401 | Multi-Family
$1,651,250 ![]()
Closed
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10196 sqft.
Listing Courtesy of
Flat Fee Real Estate
Description
This classic Hill Section multi-family apartment building has undergone significant improvements and renovations over the years. The improvements to this 7 unit, 21 bed property include new heating systems, new roofs, new appliances, kitchens and bath renovations, new flooring and exterior painting. The site features a large parking lot behind the buildings as well. There are views from the cupola of the front building providing for future possibilities. This is a turn key investment opportunity with a solid cap rate.
Property Details
List Price
$1,673,000
Sold Price
$1,651,250
List Date
2020-09-30
Sold Date
2021-02-05
MLS ID
4831659
Status
Closed
Property Type
Multi-Family
County
VT-Chittenden
Days on Market
128
structure
AG Finished Area
7978.0
basement
Yes
cooling
None
Features Exterior
Porch - Covered
flooring
Tile, Vinyl, Wood
foundation details
Concrete
garage y n
No
heating
Hot Water
living area
10196.0
living area units
Square Feet
new construction
Existing
Parking Features
Gravel, Paved
roof
Metal, Shingle
stories
2
year built
1900
characteristics
Acres
0
lot size area
0.36
Lot SqFt
15682.0
lot size units
Acres
# of Units
7
road frontage type
Public
road surface type
Public
school
elementary school
Assigned
high school
Burlington High School
middle or junior school
Edmunds Middle School
tax
tax annual amount
42057.0
tax year
2020
zoning
residential
financial
gross income
201600.0
net operating income
126000.0
contract
foreclosure y n
No
compensation
Buyer Agency Comp.
20000
Buyer Agency Comp. Type
$
Non-Rep Comp.
20000
Compensation Disclaimer
The listing broker's offer of compensation is made only to other real estate licensees who are participant members of the PRIMEMLS.
This listing was last updated on 3/18/2024 7:41:43 AM (UTC)
