101 Lincoln Avenue St. Albans City, Vermont 05478 MLS# 4895141

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Sold Status

$341,000 Sold Price

Multi Type

4 Beds

3 Baths

2,218 Sqft

Listed By Leigh Horton of Your Journey Real Estate
Sold By Your Journey Real Estate

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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

101 Lincoln Avenue St. Albans City

Property Details

Essentials

Sold Price $341,000		Sold Date Mar 8th, 2022
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

Expenses

Gross Income $33,000	Operating Expenses $0	Net Income $24,130

Expenses Includes

Unit Size & Rent

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

Building

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

Property

DirectionsGPS / Corner of Lincoln Ave. + Upper Welden St.
Lot Description, Corner, City Lot, Near Hospital
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

Schools

School District Maple Run USD	Middle St. Albans City School
Elementary St Albans City School	High BFASt Albans

Utilities

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

† 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.