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Listed by Kassian R Prior • KW Vermont • Cell: 802-777-5941
$ 875,000
Est. payment /mo
New
176-178 Lake ST St. Albans City, VT 05478
10 Beds
3 Baths
4,056 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,056 sqft
Price per Sqft $215
MLS Listing ID 5064111
Bedrooms 10
Full Baths 3
Construction Status Existing
Year Built 1900
Annual Tax Amount $7,940
Tax Year 2025
Lot Size 7,405 Sqft
Acres 0.17
Property Description
Income-Producing Cash Cow in St. Albans! This long-term, owner-held property with a strong rental history is an incredible investment opportunity. The building offers a mix of units rarely found in today's market: one 4-bedroom, 1-bath unit, one 3-bedroom, 1-bath unit, one 2-bedroom, 1-bath unit, and one 1-bedroom, 1-bath unit. Each apartment features soaring ceilings, laminate flooring, and full kitchens, while oversized layouts provide the space tenants want but seldom find. The proven occupancy and steady demand highlight its value as a reliable income producer. In addition to the rental units, the property includes massive rear storage currently generating additional rental income. This unique feature also presents a redevelopment or expansion opportunity, creating potential for even greater future cash flow. On- and off-street parking add convenience for tenants, increasing overall appeal and retention. Located in central St. Albans, the property is close to shopping, dining, and local amenities, making it highly desirable to tenants. With multiple income streams, upside for redevelopment, and pricing below suggested market value based on local cap rates, this property more than earns its reputation as a cash cow. Don't miss the chance to secure a versatile, income-producing asset in a prime location!
Location
State VT
County Vt-franklin
Area Vt-Franklin
Zoning RESD-1
Rooms
Basement Entrance Interior
Basement Unfinished
Interior
Cooling None
Flooring Laminate
Exterior
Utilities Available Cable Available
Roof Type Metal
Building
Story 3
Sewer Public
Architectural Style Multi-Family
Construction Status Existing
Schools
Elementary Schools St Albans City School
Middle Schools St. Albans City School
High Schools Bellows Free Academy
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