219 Lake StreetSt. Albans City, VT 05478MLS Number 5001847

  • Price: $1,500,000
  • 83 Days on Market
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Federal 30-year interest rate: 6.35% last updated on Sep 5, 2024
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219 Lake Street St. Albans City VT 05478219 Lake Street St. Albans City VT 05478219 Lake Street St. Albans City VT 05478219 Lake Street St. Albans City VT 05478219 Lake Street St. Albans City VT 05478219 Lake Street St. Albans City VT 05478219 Lake Street St. Albans City VT 05478219 Lake Street St. Albans City VT 05478219 Lake Street St. Albans City VT 05478219 Lake Street St. Albans City VT 05478219 Lake Street St. Albans City VT 05478219 Lake Street St. Albans City VT 05478219 Lake Street St. Albans City VT 05478219 Lake Street St. Albans City VT 05478219 Lake Street St. Albans City VT 05478219 Lake Street St. Albans City VT 05478219 Lake Street St. Albans City VT 05478219 Lake Street St. Albans City VT 05478219 Lake Street St. Albans City VT 05478219 Lake Street St. Albans City VT 05478219 Lake Street St. Albans City VT 05478219 Lake Street St. Albans City VT 05478219 Lake Street St. Albans City VT 05478219 Lake Street St. Albans City VT 05478219 Lake Street St. Albans City VT 05478219 Lake Street St. Albans City VT 05478219 Lake Street St. Albans City VT 05478219 Lake Street St. Albans City VT 05478219 Lake Street St. Albans City VT 05478219 Lake Street St. Albans City VT 05478
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  • 0.33Acreage
  • 1900Year Built
  • 14,856Square Feet

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Listed by Kevin Holmes of Blue Slate Realty
Great Investment Opportunity. This mixed-use building is located in St Albans City close to local employers, shopping, restaurants, and community resources. The building consists of 8 two bedroom apartments on the second and third floors and 2 operating businesses on the ground floor. Full basement provides great storage space plus an on-site coin operating laundry room. The building has been family owned for decades and has been kept in great shape with many recent improvements. The first floor business space currently leased by Spectrum Youth Drop-In Center was fully renovated in 2020 including a kitchen, ADA bathroom and office spaces. The apartments have been updated as turned over including two with new heaters in 2023-2024. The back of the building was enclosed in 2022 including new windows, vinyl siding and LED lighting. Extensive brickwork was completed on the westside of the building in 2024. Main roof was repaired in 2024 and the rubber membrane roof on the lower portion was replaced in 2018. Large parking lot in the back provides off-street parking for the residents and businesses. This investment property would bring immediate income as well as the potential to grow ROI quickly. Multi-Family Listing #5001835.

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Tax Information

  • Tax Year2024

Building

  • Year Built1900
  • NumberOfUnitsInCommunity10
  • FoundationPoured Concrete
  • Square Feet14,856
  • BasementConcrete, Storage Space, Interior Access, Exterior Access

Exterior

  • RoofFlat, Membrane

Amenities

  • PricePerSqFt100.97

Other

  • Date Listed06/21/2024
  • View Count1

Basic Information

  • StatusACT
  • Modification Date08/29/2024
  • TypeMulti-Family, Retail
  • List Price$1,500,000
  • Broker NameBlue Slate Realty
  • Listing Agent NameKevin Holmes
  • Lister Office NameBlue Slate Realty
  • MLS Number5001847
  • MLS StatusActive

Utilities

  • FuelGas - Natural
  • Heating CoolingGas Heater

Location

  • Building Number219
  • StreetLake Street
  • TownSt. Albans City
  • StateVT
  • Zip05478
  • CountyFranklin

Property

  • Acreage0.33
  • Parking Spaces
  • Property TypeCommercial Sale
  • Lot Sqft14,375
  • Road Frontage102

Legal

  • Taxes$15,614.84
  • OtherStructuresLand/Building
  • ZoningCentral Business District
Dave Chenette | Chenette Real Estate

Your Local Office

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Dave Chenette | Chenette Real Estate
Office: 802-264-1991
30 Kimball Ave, Suite 201
South Burlington, VT 05403
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