257-259 Lake Street St. Albans City, Vermont 05478 MLS# 4212968

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Sold Status

$77,500 Sold Price

Multi Type

7 Beds

2 Baths

3,100 Sqft

Listed By Cheryl Malkin of Coldwell Banker Hickok & Boardman - (802)524-9527
Sold By
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257-259 Lake Street

RECENT ZONING CHANGE TO THE BUSINESS DISTRICT allows for so many possibilities. A storefront for as small business, perhaps. Additional units for more income. Owners had been getting $1000+ per unit. You can get more with some investment and imagination. At this price, this can be quite a money maker. Separate back and side entrances and lots of storage space and parking. Newer metal roof on most of the building. New windows except one. Downstairs apartment constructed +/-14 yrs ago.

Property Location

257-259 Lake Street St. Albans City

Property Details

Sold Price  $77,500 Sold Date  Oct 17th, 2014
List Price  89,900 Bedrooms  7 Garage Size  0 Car
Cooperation Fee  Unknown Total Bathrooms  2 Year Built  1910
MLS#  4212968 Lot Size  0.25 Acres Taxes $3,590
Type  Multi-Family Days on Market  4319 Days Tax Year 2014
Units  2 Stories  1/2/1900 Road Frontage  53
Annual Income  $0 Style  Other Water Frontage  
Annual Expenses  $7,200 Finished  3,100 Sqft Construction  No, Existing
Zoning   B-1 Above Grade  3,100 Sqft Seasonal  No
Total Rooms  7 Below Grade  0 Sqft List Date  Jan 24th, 2013
Gross Income  $0 Operating Expenses  $7,200 Net Income  $24,408
Expenses Includes 
Unit 1   3 Beds, 1 Baths, 1,050 SqFt, $1,000/Mo Unit 2   4 Beds, 1 Baths, 2,100 SqFt, $0/Mo
ConstructionWood Frame
BasementUnfinished, Sump Pump, Bulkhead, Concrete, Full, Exterior Stairs
Interior Features
Exterior Features
Exterior  Aluminum Disability Features  
Foundation  Concrete, Stone House Color  White
Floors  Vinyl, Carpet Building Certifications  
Roof  Shingle-Asphalt, Metal HERS Index  
DirectionsDuplex is on the left on Lake Street (Rt 36) heading toward St Albans Bay.
Lot DescriptionCity Lot
Garage & Parking  No, 6+ Parking Spaces
Road Frontage  53 Water Access  
Driveway  Other, Gravel Water Type  
Flood Zone  No Water Body  
Zoning  B-1
School District  NA Middle  BFA Fairfax Middle
Elementary  St Albans City School High  Bellows Free Academy
Heat Fuel  Oil Excluded  
Heating/Cool  Baseboard, Hot Water Negotiable  
Sewer  Public Parcel Access ROW  
Water  Public ROW for Other Parcel  
Water Heater  Electric Financing  
Cable Co   Documents  Deed, Property Disclosure, Lease Agreements
Electric  Circuit Breaker, 220 Plug Tax ID  54917300757
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