Looking for a great investment, look no further! Location, location, location, this High Street property, built in 1900 and kept in great shape with updates to plumbing, electrical, heating, flooring, kitchens, windows, etc. There are four units, two with 1 bedroom and 1 bath and two with 2 bedrooms and 1 bath. All of the apartments have good space and great daylight, not to mention their own washer and dryer. There is ample parking in the rear of the apartment on the properties nearly 1/5th of an acre lot. Tenants are responsible for all utilities other than trash, water & sewer with separate utilities. The property operates at a 6.58% CAP rate with net income of over $34,000/yr. If brought up to market rents the property could easily boast a CAP rate of over 8.65% and it doesn't get much better! Only 3 blocks from St. Albans' Main Street, less than a mile to the Hard'Ack Recreation Area, 50 Minutes to great skiing at Jay Peak, and only 30 minutes to Burlington's Church Street! A great property you'll want in your portfolio!

More Info

Tax Information

Tax Year2024

Building

Year Built1900
Building ConstructionOther
StyleColonial
Units4
Unit 1 Bath1
Unit 1 Bedrooms2
Unit 1 Floor Location1&2
Unit 2 Bath1
Unit 2 Bedrooms1
Unit 2 Floor Location1
Unit 2 StyleFlat
Unit 3 Bath1
Unit 3 Bedrooms1
Unit 3 Floor Location2
Unit 3 StyleFlat
Unit 4 Bath1
Unit 4 Floor Location3
Unit 4 StyleFlat
# of 1 Bedrooms2
# of 2 Bedrooms2
Bathroom4
Total Baths4
BasementUnfinished
FoundationBrick, Concrete, Fieldstone, Other

Basic Information

StatusSLD
List Price$525,000
Date Price Change11/09/2023
MLS Number4977234
MLS StatusClosed
Sale Date12/22/2023

Exterior

ExteriorVinyl Siding, Wood Siding
RoofOther, Shingle, Slate
Exterior Colorwhite

Utilities

Heat FuelGas - Natural
Heat SystemBaseboard, Hot Air, Hot Water, Monitor Type
WaterPublic
Water HeaterElectric
ElectricCircuit Breaker(s)
SewerPublic
UtilitiesOther

Location

TownSt. Albans City
StateVT
Zip05478
CountyFranklin
Zoningres
Flood Zone Y/NNo

Property

Acreage0.17
Parking Spaces
Lot DescriptionCity Lot
Square Feet3,395
APX Fin AG Sqft3,395
RoadsPublic

Amenities

PricePerSqFt149.34

Other

Taxes$6,111.28
Tax Year Notes2023/2024
Seasonal Y/NNo
Date Listed11/09/2023
Unit 1 Deposit$1,500
Unit 2 Rent Amount$850
Unit 3 Rent Amount$1,000
Unit 4 Rent amount$750
View Count4

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