219 Lake St, Saint Albans, VT

Name: 219 Lake St, Sold in Saint Albans - eXp Commercial Brokerage
Brand: Blue Slate Realty
SKU: 5001835
Price: 1400000 CAD

Real Estate

Sold

$--,---,---

$1,400,000

080

Buyer represented by an agent of Blue Slate Realty

Key Facts
Description
Map

Key Facts

Type Multi Family

Levels Residential Income

Size 14856 sqft

Garage No

Taxes

Lot Size

Approx. Age 1900

Avg. Price Per Sqft $94

MLS® Number 5001835

Property Address:

Average square foot calculated using Size range provided by listing agent.

Description

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 #5001847Show Description

MLS® Number5001835

Laundry Level

Central VacNo

FireplaceNo

Acreage0.33

Exterior

GarageNo

Approx. Age1900

BasementConcrete, Exterior Entry, Interior Entry, Storage Space

DrivewayOn Site, Parking Spaces 5 - 10, Unpaved

Garage Spaces

HeatNatural Gas, Gas Heater - Vented