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Listing courtesy of PRIME_MLS / Kevin Holmes / Blue Slate Realty

219 Lake

St. Albans City, VT 05478

– beds
– baths
14,856 sqft
14,375 sqft lot
$100 per sqft
1900 build
– on site

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

Listing courtesy of PRIME_MLS / Kevin Holmes / Blue Slate Realty

Last checked: Checking… • Last updated Aug 29, 2024 •

MLS# 5001835 —

The Building

Year Built:

1900
Pre-Construction:

No
Construction Status:

Existing
Construction Materials:

Brick Exterior, Vinyl Siding
Architectural Style:

Apartment Building
Roof:

Flat, Membrane
Foundation:

Poured Concrete
Total Stories:

3
Total Units:

8
Approx SqFt Total:

21212
Approx SqFt Total Finished:

14,856 Sqft
Approx SqFt Finished Above Grade:

14,856 Sqft
Approx SqFt Finished Below Grade:

0 Sqft
Approx SqFt Unfinished Above Grade Source:

Public Records
Approx SqFt Unfinished Below Grade:

6356
Approx SqFt Finished Building Source:

Public Records
Approx SqFt Unfinished Building Source:

Public Records
Approx SqFt Finished Above Grade Source:

Public Records

Interior

Basement:

Yes
Basement Description:

Concrete, Storage Space, Interior Access, Exterior Access
Basement Access Type:

Interior
Room 5 Type:

Leased

Room Dimensions

Room 1 Dimensions:

0 Sqft
Room 4 Dimensions:

0 Sqft
Room 6 Dimensions:

0 Sqft
Room 8 Dimensions:

0 Sqft
Room 11 Dimensions:

0 Sqft
Room 13 Dimensions:

0 Sqft

Location

Directions:

From I89 take exit 19 to Main St. Right onto Main and at third street light, left onto Lake St. About .4 mile on the right. Property on corner of Lake and Spruce Street.
Latitude:

44.811314881893431
Longitude:

-73.091856373016356

The Property

Property Class:

Multi-Family
Seasonal:

No
Lot SqFt:

14,375 Sqft
Lot Acres:

0 Sqft
Zoning:

Commercial
Driveway:

Gravel
Roads:

Public
Road Frontage:

Yes
Road Frontage Length:

102 Sqft
Lot Features:

City Lot, Corner, Sidewalks

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Taxes TBD:

No
Tax - Gross Amount:

$15,614.84

Beds

Bedrooms - Level 1:

1
Bedrooms - Level 3:

900
Bedrooms - Level 4:

4
Bedrooms - Basement:

4
Total 2 Bedroom Units:

8

Baths

Total Full Baths:

8
Full Baths Size:

0 Sqft
Three Quarter Baths:

4
Quarter Baths:

2
Unit 1 Baths:

1
Unit 2 Baths:

1

The Listing

Price Per SqFt:

100.97
Foreclosed/Bank-Owned/REO:

No

Heating & Cooling

Heating:

Gas Heater - Vented
Heat Fuel:

Gas - Natural

Utilities

Utilities:

Cable - Available, Gas - On-Site
Separate Utilities:

Yes
Sewer:

Public
Electric:

Circuit Breaker(s)
Water Source:

Public

Schools

Elementary School:

St Albans City School
Middle Or Jr High School:

St. Albans City School
High School:

BFASt Albans
School District:

Maple Run USD

The Community

Condo Name:

Monthly
Area Description:

Near Hospital, Near Public Transportatn, Near Railroad, Near Shopping
Marina Name:

Monthly
Covenants:

No

Parking

Parking:

On-Site, Parking Spaces 5 - 10, Unpaved

Extra Units

Unit 1 Rooms:

4
Unit 1 Bedrooms:

2
Unit 1 Approx SqFt:

900 Sqft
Unit 2 Bedrooms:

2
Unit 2 Approx SqFt:

900
Unit 3 Rooms:

4
Unit 3 Bedrooms:

2
Unit 3 Baths:

1
Unit 3 Approx SqFt:

900 Sqft
Unit 4 Bedrooms:

2
Unit 4 Baths:

1
Unit 5 Rooms:

4
Unit 5 Bedrooms:

2
Unit 5 Baths:

1
Unit 5 Approx SqFt:

900 Sqft
Unit 6 Bedrooms:

2
Unit 6 Baths:

1
Unit 7 Rooms:

4
Unit 7 Approx SqFt:

900 Sqft
Unit 8 Baths:

1
Unit 8 Rooms:

4
Unit 8 Bedrooms:

2
Unit 8 Approx Sqft:

900 Sqft

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Sale history

Date	Event	Source	Price	% Change
6/21/24 Jun 21, 2024	Listed / Active	PRIME_MLS	$1,500,000

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This multifamily located in St. Albans, VT 05478 is currently for sale for $1,500,000. 219 Lake is a 14,856 square foot multifamily with – beds and – baths that has been on Estately for 166 days.

Listing Courtesy of: PRIME_MLS and 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.