101 Lincoln Avenue St. Albans City, Vermont 05478

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For Sale Status
$330,000 List Price
Multi Type
4 Beds
3 Baths
2,218 Sqft
Listed By Leigh Horton of Your Journey Real Estate
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Franklin County

35 Upper Welden / Bathroom 35 Upper Welden / Bathroom
Apartment 2 / Bedroom Apartment 2 / Bedroom
Basement / Separate Utilities Basement / Separate Utilities
Side Yard - Green Space Side Yard - Green Space
Apt 1 / Bedroom 1 Apt 1 / Bedroom 1
Apt 1 / Bathroom Apt 1 / Bathroom
Apt 1 / Bedroom 2 Apt 1 / Bedroom 2
Apartment 1 Enclosed Front Porch / Lincoln Ave. Entry Apartment 1 Enclosed Front Porch / Lincoln Ave. Entry
35 Upper Welden St. Enclosed Porch Entry 35 Upper Welden St. Enclosed Porch Entry
35 Upper Welden / Bedroom 35 Upper Welden / Bedroom
34 Upper Welden / Bathroom 34 Upper Welden / Bathroom
Apartment 2 / 2nd Level Apartment 2 / 2nd Level
Basement / Separate Utilities Basement / Separate Utilities
Side Yard - Green Space Side Yard - Green Space

Looking for an investment / 1031 exchange, or owner occupy property? This 2-1-1 apartment house has it all covered! The capitalization rate is solid, positive tenant history, separate utilities, AND the Sellers have taken such good care of this property throughout the years. From the list: The majority of the windows and exterior doors have been replaced, a concrete retaining wall installed along the driveway, a new metal roof installed in 2019, front steps replaced, covered stoop built, and most recently a new sewer main was installed. Each unit has their own private entry and there's plenty of parking, with a shared driveway off Upper Welden St. for two of the units (Apt. 1 + 35 Upper Welden St.) and another driveway off of Lincoln for the third unit (Apt. 2). This is such a great opportunity to add to your investment portfolio or purchase your first one!

Property Location

Property Details

MLS#  4895141 Bedrooms  4 Garage Size   Car
List Price  330,000 Total Bathrooms  3 Year Built  1890
Type  Multi-Family Lot Size  0.1200 Acres Taxes $4,850
Units  3 Stories  2 Road Frontage  70
Annual Income  $33,000 Style  Farmhouse, Multi-Family Water Frontage  
Annual Expenses  $0 Finished  2,218 Sqft Construction  No, Existing
Zoning   Res, 3Fam Hse Above Grade  2,218 Sqft Seasonal  No
Total Rooms  4 Below Grade  0 Sqft List Date  Jan 12th, 2022
Gross Income  $33,000 Operating Expenses  $0 Net Income  $24,130
Expenses Includes 
Unit 1   2 Beds, 1 Baths, 637 SqFt, $1,200/Monthly Unit 2   1 Beds, 1 Baths, 444 SqFt, $775/Monthly
Unit 3   1 Beds, 1 Baths, 464 SqFt, $775/Monthly
ConstructionWood Frame
BasementWalkout, Concrete Floor, Walkout, Exterior Access
Interior Features
Exterior Features
Exterior  Vinyl Disability Features  
Foundation  Stone House Color  White
Floors   Building Certifications  
Roof  Metal HERS Index  
DirectionsGPS / Corner of Lincoln Ave. + Upper Welden St.
Lot Description, Corner, City Lot, Neighborhood
Garage & Parking  No, , , On Site, On-Site
Road Frontage  70 Water Access  
Driveway  Gravel Water Type  
Flood Zone  No Water Body  
Zoning  Res, 3Fam Hse
School District  Maple Run USD Middle  St. Albans City School
Elementary  St Albans City School High  BFASt Albans
Heat Fuel   Excluded  
Heating/Cool  None, Baseboard Negotiable  
Sewer  Public Parcel Access ROW  
Water  Public ROW for Other Parcel  
Water Heater  Tank Financing  
Cable Co   Documents  
Electric  Circuit Breaker Tax ID  549-173-00613
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† The remarks published on this webpage originate from Listed By Leigh Horton of Your Journey Real Estate via the NNEREN IDX Program and do not represent the views and opinions of Coldwell Banker Hickok & Boardman. Coldwell Banker Hickok & Boardman Realty cannot be held responsible for possible violations of copyright resulting from the posting of any data from the NNEREN IDX Program.