Listed by Kevin Holmes of Blue Slate Realty

219 Lake StreetSt. Albans City, VT 05478Price: $1,500,000

  • Price: $1,500,000
  • Est. Mortgage of $/month
  • 145 Days on Market
$
$
%
$/month over payments
Federal 30-year interest rate: 6.79% last updated on Nov 7, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $1,500,000List Price
  • 8Bathrooms
  • 0.33Acreage
  • 14,856Square Feet
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
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Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated November 13, 2024 12:53 AM EST

 

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