515 S. Union/ 540 St Paul Street, Burlington, VT 05403 (MLS # 4616662)

Listing provided by Warren Palm, C21 Jack Associates/S. Burlington

Price $575,000
Status Active
Beds 9
Baths 0 baths
Home size 3,241 sq ft
Lot Size 3,484 sqft
Days on Market 84
This property is an ideal situation for owner occupied with a very good positive cash flow with owner occupied financing. This could also work well for extended family situation. Unusual pre-existing situation with 2 residential buildings on one lot. The first at 515 So Union is a large, 1572 sq ft, single family home with 4 bedrooms, large kitchens, living room, den, usable basement, front "sittin'" porch, hardwoods floors, well restored attractive original woodwork and staircase. The 2nd, at 540 St Paul St, has 2 apartments, a 3 bedroom on first level and a 2 bedroom on second level. There are at least 2 scenarios for profitable owner occupied situation; owner living in large house and rent 3 other bedrooms and gets income from the apartments or rent all 4 bedrooms out in house and occupy one of the units in 540 St Paul. Either way there is a really good positive cash flow. This property is very well located and near shopping, schools, I89, public transportation, and only minutes to downtown and colleges.
Property Type(s): Property Class / Multi-Family, Multi Family
Last Updated 2/22/2017 Year Built 1919
Garage Spaces 1.0 County VT-Chittenden
Total Parking 1 Walk Score ® 59

Additional Details

AMENITIESNot Applicable
AREA DESCRIPTIONIn Town, Near Public Transportatn, Near Shopping
BASEMENTYes
BASEMENT ACCESS TYPEInterior
BASEMENT DESCRIPTIONCrawl Space, Dirt Floor, Full, Insulated, Unfinished
CONSTRUCTIONWood Frame
CONSTRUCTION STATUSExisting
COOLINGNone
DRIVEWAYNone, Other
EASEMENTSNo
ELECTRIC100 Amp
EXTERIORClapboard, Wood Siding
FEATURES - EXTERIORPorch - Covered, Window Screens
FLOOD ZONENo
FLOORINGCarpet, Hardwood, Vinyl
FOUNDATIONFieldstone
GARAGEYes
GARAGE TYPEDetached
HEAT FUELGas - Natural
HEATINGHot Air
INCOME DATA SOURCEOwner Records, Tax Return
LOT DESCRIPTIONCity Lot, Curbing, Sidewalks, Sloping, Street Lights
PARKINGGarage, Off Premises, On Street
PRE-CONSTRUCTIONNo
PROPERTY CLASSMulti-Family
PROPERTY TYPEMulti-Family
ROAD FRONTAGETBD
ROADSPublic
ROOFMembrane, Shingle - Other, Slate
SEASONALNo
SEPARATE UTILITIESYes
SERVICESCable, High Speed Intrnt -AtSite
SEWERPublic Sewer On-Site
SQFT-APX FIN AG SOURCEMunicipal
STYLEDetached, Multi-Family, Multi-Level, Other
SURVEYEDYes
TOTAL STORIES2
TRASHCans
UNIT 1 LEASE TERMAnnual
UNIT 1 RENTAL AGREMNTYes
UNIT 1 RENTAL AMT FREQMonthly
UNIT 1 STATUSLeased
UNIT 1 TENANT PAYSElectric, Heat, Hot Water, Sewer, Trash, Water
UNIT 2 LEASE TERMAnnual
UNIT 2 RENTAL AGREMNTYes
UNIT 2 RENTAL AMT FREQMonthly
UNIT 2 STATUSLeased
UNIT 2 TENANT PAYSElectric, Heat, Hot Water
UNIT 3 RENTAL AGREMNTYes
UNIT 3 RENTAL AMT FREQMonthly
UNIT 3 STATUSLeased
UNIT 3 TENANT PAYSElectric, Heat, Hot Water
WATERPublic
WATER HEATERGas - Natural

Location

 

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Data last updated 4/27/17 5:33 PM PDT


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