Listed by Kevin Holmes with Blue Slate Realty 802-318-2647

Active

219 Lake Street

St. Albans City VT, 05478

$1,500,000


$100.97 per sqft

Active

10 Baths

14,856 sqft

Commercial

Built in 1900

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.

5001847

MLS ID

June 21, 2024

Listed

November 25, 2024

Updated

Map

219 Lake Street
St. Albans City VT, 05478

Interior Features

Total Bathrooms

10


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Gas Heater, Gas - Natural

Exterior/Building Features

Lot Size

0.33 Acres


Roof

Flat, Membrane


Sewer

Public

Other Property Details

Area Name

VT-Franklin


Taxes

$15,615


Tax Frequency

Annually


Days on Market

69


Garage

No


Parking

On-Site, Parking Spaces 5 - 10, Unpaved


View

No


Pool

No

Listed by Kevin Holmes with Blue Slate Realty 802-318-2647

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