NOT LISTED FOR SALE

101 Union St Winooski, VT 05404

Estimated Value: $461,912 - $531,000

21 Beds
8 Baths
10,804 Sq Ft
$46/Sq Ft Est. Value

Last Sold August 26, 2021

Last sale price $1,270,000 $118 Per Sq Ft

Current estimated payment $3,869/month

13 Days on Market

Highlights

  • Baseboard Heating
  • High Speed Internet
  • Wood Siding
  • Space Heater

About This Home

As of August 2021

Winooski Vermont- High Performing Rental Portfolio. Consisting of 3 buildings located on the corner of West Lane/Mallets Bay Ave and 101 Union St. with 10,804 sq. ft., 9 units and 24 bedrooms. Strong financials at an 8.5%+ Cap Rate with significant upside on below market rents. This portfolio represents a special opportunity for prospective buyers to acquire 3 Multi Family buildings in Winooski, one of Vermont’s most sought-after locations. (Note: Unit 9 is a 3BR for $1600/mo. at 101 Union Street).

Last Agent to Sell the Property

Lipkin Audette Team

Coldwell Banker Hickok and Boardman Listed on: 04/13/2021

Coldwell Banker Hickok and Boardman

Last Buyer's Agent

Lipkin Audette Team

Coldwell Banker Hickok and Boardman Listed on: 04/13/2021

Coldwell Banker Hickok and Boardman

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,870

Year Built

  • Built in 1910

Lot Details

  • 10,454 Sq Ft Lot
  • Lot Sloped Up

Parking

  • Paved Parking

Home Design

  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Rolled or Hot Mop Roof
  • Wood Siding
  • Vinyl Siding

Interior Spaces

  • 10,804 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Interior Basement Entry

Utilities

  • Space Heater
  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Heating System Mounted To A Wall or Window
  • Water Heater Leased
  • High Speed Internet

Community Details

Overview

  • 9 Units

Building Details

  • Operating Expense $43,914
  • Gross Income $159,300
  • Net Operating Income $115,386

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,870

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Apartment Building, Multi-Family
  • Flood Zone: Unknown
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 117.55
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 10804
  • Sq Ft - Apx Total Finished: 10804
  • Year Built: 1910
  • Remarks Public: Winooski Vermont- High Performing Rental Portfolio. Consisting of 3 buildings located on the corner of West Lane/Mallets Bay Ave and 101 Union St. with 10,804 sq. ft., 9 units and 24 bedrooms. Strong financials at an 8.5%+ Cap Rate with significant upside on below market rents. This portfolio represents a special opportunity for prospective buyers to acquire 3 Multi Family buildings in Winooski, one of Vermont’s most sought-after locations. (Note: Unit 9 is a 3BR for $1600/mo. at 101 Union Street).
  • L A3 User Code: 3231
  • List Agent: 282798
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Unfinished
  • Sq Ft - Apx Finished AG: 10804

Exterior Features

  • Construction: Wood Frame
  • Driveway: Paved
  • Exterior: Vinyl Siding, Wood Siding
  • Foundation: Stone
  • Road Frontage: TBD
  • Roads: Paved, Public
  • Roof: Rolled, Shingle

Utilities

  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Water: Public
  • Water Heater: Owned, Rented
  • Heating Fuel: Gas - Natural
  • Heating: Baseboard, Hot Water, Space Heater, Wall Units
  • Utilities: High Speed Intrnt -Avail

Fee Information

  • Tax Class: Non-Homestead

Lot Info

  • Lot Sq Ft: 10454
  • Lot Acres: 0.24
  • Lot Description: City Lot
  • Surveyed: Unknown
  • Zoning: Residential
  • Deed Book: 257
  • Deed Page: 420
  • Deed Recorded Type: Multiple
  • Total Deeds: 3

Multi Family

  • Gross Income: 159300
  • Net Income: 115386
  • Total Units: 9
  • Total2 Bedroom Units: 3
  • Total3 Plus Bedroom Units: 6

Tax Info

  • Tax Gross Amount: 20870
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 6, 2013
Sold by
Jtsz Llc
Bought by
Js Llc and Yolo Llc
Current Estimated Value
$600,035
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Js Llc -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/26/2021 08/26/21 Sold $1,270,000 -5.9% $118 / Sq Ft
04/26/2021 04/26/21 Pending -- -- --
04/13/2021 04/13/21 For Sale $1,350,000 -- $125 / Sq Ft
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 -- $383,200 $149,400 $233,800
2023 -- $194,000 $74,700 $119,300
2022 $6,072 $194,000 $74,700 $119,300
2021 $6,190 $194,000 $74,700 $119,300
2020 $6,000 $194,000 $74,700 $119,300
2019 $5,691 $194,000 $74,700 $119,300
2018 $5,429 $194,000 $74,700 $119,300
2017 $5,260 $194,000 $74,700 $119,300
2016 $5,185 $194,000 $74,700 $119,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4855410

PrimeMLS

APN: (246) UN101