41 Messenger Street St. Albans City, Vermont 05478 MLS# 5026796

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Under Contract Status

$479,900 List Price

Multi Type

8 Beds

3 Baths

3,368 Sqft

Listed By Igor Polenov of Igor Real Estate LLC
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Franklin County

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A fantastic investment opportunity in the heart of St. Albans. This well-maintained, turn-key, corner lot, three-unit, features a 10% cap rate,  great tenants, and a new sewer/water mains to boot. Walking distance to everything imaginable in the vibrant downtown and beyond. A 5-minute drive to the interstate.   Separate utilities so each tenant pays for their heat, electricity, and hot water. Plenty of parking in addition to the two-car garage.  Comes fire marshal certified and ready to make you money. Schedule an appointment before someone else buys it!

Property Location

41 Messenger Street St. Albans City

Property Details

Contract Date  Jan 24th, 2025
List Price  479,900 Bedrooms  8 Garage Size  2 Car
Cooperation Fee  Unknown Total Bathrooms  3 Year Built  1875
MLS#  5026796 Lot Size  0.13 Acres Taxes $6,956
Type  Multi-Family Days on Market  29 Days Tax Year 2025
Units  3 Stories  2 Road Frontage  200
Annual Income  $60,000 Style   Water Frontage  
Annual Expenses  $0 Finished  3,368 Sqft Construction  No, Existing
Zoning   RES Above Grade  3,368 Sqft Seasonal  No
Total Rooms  8 Below Grade  0 Sqft List Date  Jan 15th, 2025
Gross Income  $60,000 Operating Expenses  $0 Net Income  $48,728
Expenses Includes 
Unit 1   3 Beds, 1 Baths, $1,875/Monthly Unit 2   3 Beds, 1 Baths, $1,875/Monthly
Unit 3   2 Beds, 1 Baths, $1,250/Monthly
Construction
BasementInterior, Unfinished, Storage Space, Interior Stairs
Interior Features
Exterior Features
Exterior   Disability Features  
Foundation  Stone House Color  
Floors   Building Certifications  
Roof  Shingle-Asphalt HERS Index  
DirectionsIf you do not have access to a GPS device or a smartphone, please call for help with appropriate directions from your point of origin.
Lot Description, Sidewalks, In Town
Garage & Parking  Yes
Road Frontage  200 Water Access  
Driveway  Paved, Other Water Type  
Flood Zone  No Water Body  
Zoning  RES
School District  NA Middle  
Elementary   High  
Heat Fuel  , Natural Gas Excluded  
Heating/Cool  None Negotiable  
Sewer  Public Parcel Access ROW  
Water   ROW for Other Parcel  
Water Heater   Financing  
Cable Co   Documents  
Electric  Circuit Breaker Tax ID  549-173-10406
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† The remarks published on this webpage originate from Listed By Igor Polenov of Igor Real Estate LLC via the PrimeMLS IDX Program and do not represent the views and opinions of Coldwell Banker Hickok & Boardman. Coldwell Banker Hickok & Boardman cannot be held responsible for possible violations of copyright resulting from the posting of any data from the PrimeMLS IDX Program.