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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