29-31 Bank Street St. Albans City, Vermont 05478 MLS# 4723690

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Sold Status

$245,000 Sold Price

Multi Type

8 Beds

6 Baths

6,913 Sqft

Listed By Brian French of Brian French Real Estate
Sold By Brian French Real Estate
✉ 🖶

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29-31 Bank Street

Well cared for 5-unit, brick multi-family on large corner lot in ideal St. Albans City location. Hardwood floors. Mostly large units. Detached 3-car garage. Tenants pay utilities. Off-street parking. Month-to-month rentals. Great opportunity for future rent increases. Walk to downtown and close to all amenities. Building across the street is being razed for future development. †

Property Location

29-31 Bank Street St. Albans City

Property Details

Sold Price  $245,000 Sold Date  Dec 12th, 2019
MLS#  4723690 Bedrooms  8 Garage Size  3 Car
List Price  325,000 Total Bathrooms  6 Year Built  1890
Type  Multi-Family Lot Size  0.5000 Acres Taxes $7,959
Units  5 Stories  1/2/1900 Road Frontage  66
Annual Income  $38,400 Style  Multi-Family Water Frontage  
Annual Expenses  $0 Finished  6,913 Sqft Construction  No, Existing
Zoning   Res Above Grade  6,913 Sqft Seasonal  No
Total Rooms  8 Below Grade  0 Sqft List Date  Oct 11th, 2018
Gross Income  $38,400 Operating Expenses  $0 Net Income  $15,856
Expenses Includes 
Unit 1   3 Beds, 2 Baths, $875/Monthly Unit 2   1 Beds, 1 Baths, $600/Monthly
Unit 3   2 Beds, 1 Baths, $900/Monthly Unit 4   2 Beds, 2 Baths, $950/Monthly
Unit 5   Beds, Baths, $825/Monthly
ConstructionWood Frame
BasementInterior, Apartments, Unfinished, Sump Pump, Interior Stairs, Unfinished
Interior Features
Exterior Features
Exterior  Brick Disability Features  
Foundation  Stone House Color  Brick
Floors  Vinyl, Hardwood Building Certifications  
Roof  Shingle-Asphalt HERS Index  
DirectionsI-89 to exit 19, R onto Rte 104, L onto VT 36, R onto Church St, R onto Bank St.
Lot Description, City Lot
Garage & Parking  Yes, , , 1-10 Spaces, Off Street, Assigned
Road Frontage  66 Water Access  
Driveway  Paved Water Type  
Flood Zone  No Water Body  
Zoning  Res
School District  NA Middle  
Elementary   High  
Heat Fuel  , Oil Excluded  
Heating/Cool  None, Radiators Negotiable  
Sewer  Public Sewer On-Site Parcel Access ROW  
Water  Public ROW for Other Parcel  
Water Heater  Electric Financing  
Cable Co   Documents  
Electric  Fuses, Circuit Breaker Tax ID  549-173-00615
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† The remarks published on this webpage originate from Listed By Brian French of Brian French 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.