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Brie Stephens

[email protected] +1(603) 819-8071

Listed by Kevin Holmes • Blue Slate Realty

$ 1,500,000

Est. payment -/mo

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Active

219 Lake ST St. Albans City, VT 05478

16 Beds

8 Baths

14,856 SqFt

UPDATED:

08/29/2024 01:17 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 14,856 sqft

Price per Sqft $100

MLS Listing ID 5001835

Bedrooms 16

Full Baths 8

Construction Status Existing

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. Commercial Listing #5001847

Location

State VT

County Vt-franklin

Area Vt-Franklin

Zoning Commercial

Rooms

Basement Entrance Interior

Basement Concrete, Storage Space, Interior Access, Exterior Access

Interior

Heating Gas - Natural

Cooling Other

Exterior

Garage Description On-Site, Parking Spaces 5 - 10, Unpaved

Utilities Available Cable - Available, Gas - On-Site

Roof Type Flat,Membrane

Building

Story 3

Foundation Poured Concrete

Sewer Public

Construction Status Existing

Schools

Elementary Schools St Albans City School

Middle Schools St. Albans City School

High Schools Bfast Albans

School District Maple Run Usd

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Moultonborough, NH

Brie Stephens

Brie Stephens

219 Lake ST St. Albans City, VT 05478

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

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219 Lake ST