Turn-key, 10-unit downtown Burlington investment opportunity! Two buildings consisting of a 7-unit multi-family and a 3-unit multi-family are being sold together. Fully occupied in a terrific location with off-street parking, these are great rentals with a mix of studio, one-, two-, and three-bedroom apartments. Sellers have made significant recent upgrades, including all new windows and hot water heaters at the 58-60 property, new electric meters at the 62 property, new decks and porches for both properties, and a newly paved driveway and parking lot. Desirable location close to colleges, the hospital, and downtown! Well maintained with a great rental history.

More Info

Tax Information

Tax Year2024

Building

Year Built1992
Building ConstructionWood Frame, Vinyl Exterior
StyleMulti-Family
Units10
Unit 1 Bath1
Unit 1 Bedrooms3
Unit 2 Bath1
Unit 2 Bedrooms2
Unit 3 Bath1
Unit 3 Bedrooms1
Unit 4 Bath1
Unit 5 Baths1
Unit 5 Bedrooms1
Unit 6 Baths1
Unit 6 Bedrooms1
Unit 7 Baths1
# of 1 Bedrooms8
Unit 7 Bedrooms1
# of 2 Bedrooms1
# of 3+ Bedrooms1
Unit 8 Bedrooms1
Bathroom8
Total Baths8
BasementFull, Stairs - Interior
FoundationStone

Basic Information

StatusSLD
List Price$1,895,000
Date Price Change12/05/2024
MLS Number5020997
MLS StatusClosed
Sale Date03/31/2025

Property

Acreage0.2
GarageNo
Parking Spaces
Lot Description
- City Lot
- In Town
- Landscaped
- Near Hospital
- Near Public Transportatn
- Near Shopping
- Sidewalks
Square Feet6,008
APX Fin AG Sqft6,008
Road Frontage87
RoadsPaved, Public
AreaVT-Chittenden

Amenities

PricePerSqFt291.28

Other

Taxes$33,549.96
Tax Year Notes2024-2025
Seasonal Y/NNo
TrashDumpster
Date Listed11/04/2024
Unit 1 Deposit$2,300
Unit 2 Rent Amount$1,875
Unit 3 Rent Amount$1,400
Unit 4 Rent amount$1,400
Unit 5 Rent amount$1,400
Unit 7 Rent amount$1,500
Unit 8 Rent amount$1,300
View Count7

Location

TownBurlington
StateVT
Zip05401
CountyChittenden
ZoningRes- Medium Intensity
Elementary SchoolAssigned
Junior HighEdmunds Middle School
High SchoolBurlington High School
Address58-62 North Union Street
Flood Zone Y/NNo

Exterior

RoofShingle, Slate
Exterior ColorCream

Utilities

Heat SystemNatural Gas, Baseboard, Hot Air
WaterPublic
Electric220 Plug, Circuit Breaker(s)
SewerPublic
UtilitiesCable

Water Body

Water AccessNo
Water ViewNo

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