Contact a local mortgage provider today to get pre-approved.
Call: (802)-318-0823 NMLS# 402933
Get Pre-Approved »
Mortgage Calculator
$
$ Taxes
$ Principal & Interest
$
This calculation is based on a rough estimate. Every person's situation is different. Be sure to consult with a mortgage advisor on your specific needs.
Looking for a great investment, look no further! Location, location, location, this High Street property, built in 1900 and kept in great shape with updates to plumbing, electrical, heating, flooring, kitchens, windows, etc. There are four units, two with 1 bedroom and 1 bath and two with 2 bedrooms and 1 bath. All of the apartments have good space and great daylight, not to mention their own washer and dryer. There is ample parking in the rear of the apartment on the properties nearly 1/5th of an acre lot. Tenants are responsible for all utilities other than trash, water & sewer with separate utilities. The property operates at a 6.58% CAP rate with net income of over $34,000/yr. If brought up to market rents the property could easily boast a CAP rate of over 8.65% and it doesn't get much better! Only 3 blocks from St. Albans' Main Street, less than a mile to the Hard'Ack Recreation Area, 50 Minutes to great skiing at Jay Peak, and only 30 minutes to Burlington's Church Street! A great property you'll want in your portfolio! †
Property Location
57 High Street St. Albans City
Property Details
MLS# 4977234
Bedrooms 6
Garage Size Car
List Price 525,000
Total Bathrooms 4
Year Built 1900
Type Multi-Family
Lot Size 0.1700 Acres
Taxes $6,111
Units 4
Stories 1/2/1900
Road Frontage
Annual Income $49,200
Style Colonial
Water Frontage
Annual Expenses $0
Finished 3,395 Sqft
Construction No, Existing
Zoning res
Above Grade 3,395 Sqft
Seasonal No
Total Rooms 6
Below Grade 0 Sqft
List Date Nov 9th, 2023
Gross Income $49,200
Operating Expenses $0
Net Income $34,537
Expenses Includes
Unit 1 2 Beds, 1 Baths, $1,500/Monthly
Unit 2 1 Beds, 1 Baths, $850/Monthly
Unit 3 1 Beds, 1 Baths, $1,000/Monthly
Unit 4 2 Beds, 1 Baths, $750/Annually
ConstructionOther
BasementWalk-up, Unfinished
Interior Features
Exterior Features
Exterior Vinyl Siding, Wood Siding
Disability Features
Foundation Brick, Concrete, Other, Other
House Color white
Floors
Building Certifications
Roof Slate, Other, Slate
HERS Index
Directions
Lot DescriptionUnknown, City Lot
Garage & Parking No, , , 6+ Parking Spaces
Road Frontage
Water Access
Driveway Crushed Stone
Water Type
Flood Zone No
Water Body
Zoning res
School District NA
Middle
Elementary
High
Heat Fuel
Excluded
Heating/Cool None, Baseboard, Hot Water, Hot Air, Monitor Type
Negotiable
Sewer Public
Parcel Access ROW
Water Public
ROW for Other Parcel
Water Heater Electric
Financing
Cable Co Comcast
Documents
Electric Circuit Breaker
Tax ID 549-173-10453
Loading
† The remarks published on this webpage originate from Listed By Mikail Stein of RE/MAX North Professionals 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.
Back to Search Results
