219 Lake Street St. Albans City, VT 05478
Listing Courtesy of: PrimeMLS / Blue Slate Realty / Kevin Holmes

  219 Lake Street St. Albans City, VT 05478

Active (164 Days)
$1,500,000
16
BED
8
BATH
14,856
SQFT

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. Commercial Listing #5001847

MLS #:
5001835
Taxes
$15,615(2024)
Lot Size
0.33 acres
Type
Multifamily
Year Built
1900
Style
Apartment Building
School District
Maple Run Usd
County
Franklin County

Listed By

Kevin Holmes, Blue Slate Realty
Source
PrimeMLS
Last checked Dec 2 2024 at 11:53 AM EST
Bathroom Details
Lot Information
  • City Lot
  • Corner Lot
  • Sidewalks
Property Features
  • Foundation: Poured Concrete
Heating and Cooling
  • Gas Heater - Vented
  • Other
Basement Information
  • Exterior Entry
  • Concrete
  • Storage Space
  • Interior Entry
Exterior Features
  • Roof: Flat
  • Roof: Membrane
Utility Information
  • Utilities: Cable Available, Gas - on-Site
  • Sewer: Public Sewer
  • Fuel: Gas
School Information
  • Elementary School: St Albans City School
  • Middle School: St. Albans City School
  • High School: Bfast Albans
Parking
  • On Site
  • Parking Spaces 5 - 10
  • Unpaved
Stories
  • 3
Living Area
  • 14,856 sqft
Location
   
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Estimated Monthly Mortgage Payment

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Disclaimer: © 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 12/2/24 03:53