Multi-Family for Sale: 219 Lake Street, St. Albans City, VT 05478

16 beds
8 full baths
14,856 sqft
$1,500,000
$1,500,000
219 Lake Street, St. Albans City, VT 05478
16 beds
8 full baths
14,856 sqft
$1,500,000
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Price:
$1,500,000
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Type Multi-Family
Style Apartment Building
Beds 16
Total Baths 8 full baths
Square Feet 14,856 sqft
Lot Size 0.33 acres
Year Built 1900
Taxes Paid $15,614
City St. Albans City
County Franklin
School District Maple Run USD
MLS 5001835
Status Active
DOM 185 days
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

Lot & Building Features

Utilities Cable - Available, Gas - On-Site
Construction Brick Exterior, Vinyl Siding
Cooling Other
Heating Gas Heater - Vented
Parking Description On-Site, Unpaved, Parking Spaces 5 - 10
Sewer Public
Tax Year 2024
Taxes Paid $15,614
Water Public
Basement Description Concrete, Storage Space, Interior Access, Exterior Access
Foundation Poured Concrete
Lot Description City Lot, Sidewalks, Corner
Roof Flat, Membrane
Garage No

Community and Schools

Elementary School St Albans City School
Junior High School St. Albans City School
Senior High School BFASt Albans

Unit Features

Unit 1 Apx Sqft 900
Unit 1 Baths 1
Unit 1 Bedrooms 2
Unit 1 Lease Term Annual
Unit 1 Rental Agreement Yes
Unit 1 Rental Amt Freq Monthly
Unit 1 Rooms 4
Unit 1 Status Leased
Unit 1 Tenant Pays Electric, Heat
Unit 2 Apx Sqft 900
Unit 2 Baths 1
Unit 2 Bedrooms 2
Unit 2 Lease Term Annual
Unit 2 Rental Agreement Yes
Unit 2 Rental Amt Freq Monthly
Unit 2 Rooms 4
Unit 2 Status Leased
Unit 3 Apx Sqft 900
Unit 3 Baths 1
Unit 3 Bedrooms 2
Unit 3 Lease Term Annual
Unit 3 Rental Agreement Yes
Unit 3 Rental Amt Freq Monthly
Unit 3 Rooms 4
Unit 3 Status Leased
Unit 4 Apx Sqft 900
Unit 4 Baths 1
Unit 4 Bedrooms 2
Unit 4 Lease Term Annual
Unit 4 Rental Agreement Yes
Unit 4 Rental Amt Freq Monthly
Unit 4 Rooms 4
Unit 4 Status Leased
Unit 5 Apx Sqft 900
Unit 5 Baths 1
Unit 5 Bedrooms 2
Unit 5 Lease Term Annual
Unit 5 Rental Agreement Yes
Unit 5 Rental Amt Freq Monthly
Unit 5 Rooms 4
Unit 5 Status Leased
Unit 6 Apx Sqft 900
Unit 6 Baths 1
Unit 6 Bedrooms 2
Unit 6 Lease Term Annual
Unit 6 Rental Agreement Yes
Unit 6 Rental Amt Freq Monthly
Unit 6 Rooms 4
Unit 6 Status Leased
Unit 7 Apx Sqft 900
Unit 7 Baths 1
Unit 7 Bedrooms 2
Unit 7 Lease Term Annual
Unit 7 Rental Agreement Yes
Unit 7 Rental Amt Freq Monthly
Unit 7 Rooms 4
Unit 7 Status Leased
Unit 8 Apx Sqft 900
Unit 8 Baths 1
Unit 8 Bedrooms 2
Unit 8 Lease Term Annual
Unit 8 Rental Agreement Yes
Unit 8 Rental Amt Freq Monthly
Unit 8 Rooms 4
Unit 8 Status Leased

Price History of 219 Lake Street, St. Albans City, VT

Date Name Price Difference
06/21/2024 Listing Price $1,500,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

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Map of 219 Lake Street, St. Albans City, VT

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Photo of Janelle Branchaud
Direct: 978-204-7760
Office
PO Box 101
Merrimack, NH 03054
603-787-3155
Listed by Blue Slate Realty, Kevin Holmes & Heather Kelly
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6.75%
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219 Lake Street (MLS #5001835) is a multi-family listing located in St. Albans City, VT. This multi-family listing is 14,856 sqft and on a lot of 14,375 sqft (or 0.33 acres) with 16 bedrooms, 8 baths and is 124 years old. This property was listed on 06/21/2024 and has been priced for sale at $1,500,000.

Nearby zip codes are 05454, 05455, 05478 0000, 05478 1721 and 05488. This property neighbors other cities such as Fairfax, Fairfield, Georgia, St Albans Town and Swanton.

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Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Blue Slate Realty

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 12/23/2024