$1,500,000
219 Lake ST St. Albans City, VT 05478
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Listed by Kevin Holmes • Blue Slate Realty
$1,500,000
Est. payment /mo
0.33 Acres Lot
Active
219 Lake ST St. Albans City, VT 05478
UPDATED:
08/29/2024 01:16 PM
Key Details
Property Type Commercial
Sub Type Multi-Family,Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID 5001847
Year Built 1900
Annual Tax Amount $15,614
Tax Year 2024
Lot Size 0.330 Acres
Acres 0.33
Property Description
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.
Location
State VT
County Vt-franklin
Area Vt-Franklin
Zoning Central Business District
Rooms
Basement Entrance Interior
Basement Concrete, Storage Space, Interior Access, Exterior Access
Interior
Heating Gas - Natural
Inclusions Land/Building
Exterior
Garage On-Site, Parking Spaces 5 - 10, Unpaved
Garage Description On-Site, Parking Spaces 5 - 10, Unpaved
Utilities Available Cable - Available, Gas - On-Site
Roof Type Flat,Membrane
Building
Foundation Poured Concrete
Sewer Public
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