NOT LISTED FOR SALE

311 S Union St Burlington, VT 05401

South End Neighborhood
21 Beds
8 Baths
8,644 Sq Ft
0.36 Acres

Last Sold February 05, 2021

Last sale price $1,651,250 $191 Per Sq Ft

15 Days on Market

Highlights

  • Wood Flooring
  • Views
  • High Speed Internet
  • Covered Patio or Porch
  • Hot Water Heating System

About This Home

As of February 2021

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.

Last Agent to Sell the Property

Rob Foley

Flat Fee Real Estate License #081.0004496 Listed on: 09/30/2020

Last Buyer's Agent

Lipkin Audette Team

Coldwell Banker Hickok and Boardman

Coldwell Banker Hickok and Boardman

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1900

Lot Details

  • 0.36 Acre Lot
  • Lot Sloped Up

Home Design

  • Concrete Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Metal Roof
  • Clap Board Siding

Interior Spaces

  • 8 Full Bathrooms
  • 2-Story Property
  • Unfinished Basement
  • Interior Basement Entry
  • Property Views

Flooring

  • Wood
  • Tile
  • Vinyl

Parking

  • Gravel Driveway
  • Paved Parking
  • On-Site Parking

Outdoor Features

  • Covered Patio or Porch

Schools

  • Assigned Elementary School
  • Edmunds Middle School
  • Burlington High School

Utilities

  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • High Speed Internet

Community Details

Overview

  • 7 Units

Building Details

  • 7 Separate Gas Meters
  • Gross Income $201,600
  • Net Operating Income $126,000

Property Details

Home Type

Apartment

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Apartment Building
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 206.98
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 10196
  • Sq Ft - Apx Total Finished: 8644
  • Property Type: Multi-Family
  • Year Built: 1900
  • Remarks Public: 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.
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Tile, Vinyl, Wood
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Unfinished
  • Sq Ft - Apx Finished AG: 7978
  • Sq Ft - Apx Finished BG: 666
  • Sq Ft - Apx Unfinished AG: 344
  • Sq Ft - Apx Unfinished BG: 1208

Exterior Features

  • Construction: Wood Frame
  • Driveway: Gravel, Paved
  • Exterior: Clapboard
  • Foundation: Concrete
  • Road Frontage: Yes
  • Roads: Public
  • Roof: Metal, Shingle
  • Features Exterior: Porch - Covered

Garage/Parking

  • Parking: On-Site

Utilities

  • Cable Company: Xfinity
  • Electric: Circuit Breaker(s)
  • Fuel Company: VT Gas
  • Sewer: Public
  • Water: Public
  • Water Heater: Gas - Natural
  • Heating Fuel: Gas - Natural
  • Heating: Hot Water
  • Electric Company: BED
  • Phone Company: Xfinity
  • Total Electric Meters: 9
  • Total Gas Meters: 7
  • Total Heat Units: 4
  • Total Ranges: 7
  • Total Refrigerators: 7
  • Utilities: Internet - Cable

Fee Information

  • Tax Class: Non-Homestead

Schools

  • School District: Burlington School District
  • Elementary School: Assigned
  • Middle School: Edmunds Middle School
  • High School: Burlington High School
  • Elementary School: Assigned
  • High School: Burlington High School

Lot Info

  • Lot Sq Ft: 15682
  • Lot Acres: 0.36
  • Lot Description: City Lot, View
  • Zoning: residential
  • Deed Book: 1165
  • Deed Page: 233
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 201600
  • Net Income: 126000
  • Total Full Baths: 8
  • Total Units: 7
  • Total1 Bedroom Units: 1
  • Total2 Bedroom Units: 2
  • Total3 Plus Bedroom Units: 4

Tax Info

  • Tax Gross Amount: 42057
  • Tax Year: 2020

MLS Schools

  • School District: Burlington School District
  • School Middle Jr: Edmunds Middle School

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/05/2021 02/05/21 Sold $1,651,250 0.0% $191 / Sq Ft
10/15/2020 10/15/20 Off Market $1,651,250 -- --
10/15/2020 10/15/20 Pending -- -- --
09/30/2020 09/30/20 For Sale $1,673,000 -- $194 / Sq Ft
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Rob Foley

    Seller's Agent in 2021

    Rob Foley

    Flat Fee Real Estate

    (802) 881-6377

    15 in this area

    163 Total Sales

    Rob Foley
    Section Image
  • Lipkin Audette Team

    Buyer's Agent in 2021

    Lipkin Audette Team

    Coldwell Banker Hickok and Boardman

    (802) 846-8800

    60 in this area

    1,126 Total Sales

    Lipkin Audette Team
    Section Image
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Map

Source: PrimeMLS

MLS Number: 4831659

PrimeMLS

APN: (035) 049-4-189-000

Vermont Chittenden County Burlington 05401 South End

311 S Union St, Burlington, VT

This home is located at 311 S Union St, Burlington, VT 05401 since 30 September 2020. This property was built in 1900. 311 S Union St is a home located in Chittenden County with nearby schools including Edmunds Elementary School, Edmunds Middle School, and Burlington Senior High School.

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