58-62 Union St Burlington, VT 05401
- Multifamily properties
- 6,008 SF
- 0.20 lot acres
Current Use by Public Records
- Multifamily properties
Property Details for 58-62 Union St
- Year built
- 1992
- Lot size
- 0.20 lot acres
- Property size
- 6,008 SF
- Property type
- Multifamily properties
Description
This exceptional investment opportunity presents two adjacent multi-family buildings located at 58-62 N Union Street in the heart of Burlington, Vermont. The combined property encompasses 6,008 square feet on a 0.2-acre lot and consists of ten rental units, offering a diverse mix of studio, one-, two-, and three-bedroom apartments. Currently fully occupied, this property boasts a strong rental history and benefits from a desirable location within walking distance of local colleges, the hospital, and the vibrant downtown area. Recent significant upgrades enhance the value and appeal of this turnkey investment. These improvements include brand new windows and hot water heaters in the 58-60 N Union Street building, new electric meters at 62 N Union Street, newly constructed decks and porches on both buildings, and a recently paved driveway and parking lot providing ample off-street parking for residents. The property's excellent condition and prime location make it an attractive investment for discerning buyers seeking a stable and high-performing rental portfolio in a thriving Vermont city. The asking price for this exceptional ten-unit multifamily property is $1,895,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Burlington
- County
- Chittenden
- State
- Vermont
- Longitude
- -73.2092
- Latitude
- 44.4821
