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176-178 Lake Street, St. Albans City, VT 05478

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For Sale

$875,000

10 beds • 3 baths • 4,056 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $215.73
    Price per square foot

  • Over 50 Years Old
    Age

  • Basement
    Rooms

Explore this Property

Income-Producing Cash Cow in St. Albans! This long-term, owner-held property with a strong rental history is an incredible investment opportunity. The building offers a mix of units rarely found in today s market: one 4-bedroom, 1-bath unit, one 3-bedroom, 1-bath unit, one 2-bedroom, 1-bath unit, and one 1-bedroom, 1-bath unit. Each apartment features soaring ceilings, laminate flooring, and full kitchens, while oversized layouts provide the space tenants want but seldom find. The proven occupancy and steady demand highlight its value as a reliable income producer. In addition to the rental units, the property includes massive rear storage currently generating additional rental income. This unique feature also presents a redevelopment or expansion opportunity, creating potential for even greater future cash flow. On- and off-street parking add convenience for tenants, increasing overall appeal and retention. Located in central St. Albans, the property is close to shopping, dining, and local amenities, making it highly desirable to tenants. With multiple income streams, upside for redevelopment, and pricing below suggested market value based on local cap rates, this property more than earns its reputation as a cash cow. Don t miss the chance to secure a versatile, income-producing asset in a prime location!
MLS# 5064111

Courtesy Of KW Vermont

(802) 654-8500

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Other
  • Floor Covering
    Laminate
  • Lot Size
    0.17 Acres
  • Roof Type
    Metal
  • Rooms
    Basement

Map and Directions

Directions to 176-178 Lake Street, St. Albans City, VT 05478

Home seller CENTURY 21 North East

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 North East

(802) 782-8662
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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.