6-8 Lower Gilman Street St. Albans City, Vermont 05478 MLS# 5008858

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Under Contract Status

$375,000 List Price

Multi Type

6 Beds

4 Baths

2,304 Sqft

Listed By Shawn Cheney of EXP Realty
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Franklin County

6-8 Lower Gilman Street
6-8 Lower Gilman Street
6-8 Lower Gilman Street
6-8 Lower Gilman Street
6-8 Lower Gilman Street
6-8 Lower Gilman Street
6-8 Lower Gilman Street
6-8 Lower Gilman Street
6-8 Lower Gilman Street
6-8 Lower Gilman Street
6-8 Lower Gilman Street
6-8 Lower Gilman Street
6-8 Lower Gilman Street
6-8 Lower Gilman Street
6-8 Lower Gilman Street
6-8 Lower Gilman Street
6-8 Lower Gilman Street
6-8 Lower Gilman Street
6-8 Lower Gilman Street
6-8 Lower Gilman Street
6-8 Lower Gilman Street
6-8 Lower Gilman Street
6-8 Lower Gilman Street
6-8 Lower Gilman Street
6-8 Lower Gilman Street
6-8 Lower Gilman Street
6-8 Lower Gilman Street
6-8 Lower Gilman Street
6-8 Lower Gilman Street
6-8 Lower Gilman Street
6-8 Lower Gilman Street
6-8 Lower Gilman Street
6-8 Lower Gilman Street
6-8 Lower Gilman Street
6-8 Lower Gilman Street
6-8 Lower Gilman Street
6-8 Lower Gilman Street
6-8 Lower Gilman Street
6-8 Lower Gilman Street

Invest or let your neighbor help with the mortgage! This property has two 3 bedroom apartments with 2 baths, In 2013 both units were total rehabs taking it back to the studs. Spray foam was done in the full basements, first floor, second floor and 12 inches of insulation in the attic. New wiring, plumbing kitchens with energy star appliances and both have a full bath and laundry downstairs. New windows with low E gas, new roof. Unit 6 got a new furnace in 2013, Unit 8 new furnace in 2023. Each unit has an enclosed porch, garage and there is one attached shed for storage, both units have asphalt driveways. Section 8 states will pay up to $2,300 plus utilities per month for a 3 BR, 1 bath. Both tenants have been given an evict notice to be out by November 30, 2024. Picture the units with cleaning and you can pick the paint color. These units are near the city bus route and about 1 1/4 miles to the interstate.

Property Location

6-8 Lower Gilman Street St. Albans City

Property Details

Contract Date  Oct 17th, 2024
List Price  375,000 Bedrooms  6 Garage Size  2 Car
Cooperation Fee  Unknown Total Bathrooms  4 Year Built  1925
MLS#  5008858 Lot Size  0.19 Acres Taxes $4,410
Type  Multi-Family Days on Market  105 Days Tax Year 2023
Units  2 Stories  2 Road Frontage  
Annual Income  $32,400 Style   Water Frontage  
Annual Expenses  $0 Finished  2,304 Sqft Construction  No, Existing
Zoning   Residential Above Grade  2,304 Sqft Seasonal  No
Total Rooms  6 Below Grade  0 Sqft List Date  Aug 8th, 2024
Gross Income  $32,400 Operating Expenses  $0 Net Income  $23,976
Expenses Includes 
Unit 1   3 Beds, 2 Baths, $1,350/Monthly Unit 2   3 Beds, 2 Baths, $1,350/Monthly
Construction
BasementInterior, Unfinished
Interior Features
Exterior Features
Exterior   Disability Features  
Foundation  Stone House Color  Brick
Floors  Tile, Hardwood Building Certifications  
Roof  Shingle HERS Index  
Directions
Lot Description
Garage & Parking  Yes, Garage
Road Frontage   Water Access  
Driveway  Paved Water Type  
Flood Zone  No Water Body  
Zoning  Residential
School District  Maple Run USD Middle  St. Albans City School
Elementary  St Albans City School High  Bellows Free Academy
Heat Fuel  , Gas - Natural Available Excluded  
Heating/Cool  None, Hot Air Negotiable  
Sewer  Public Parcel Access ROW  
Water   ROW for Other Parcel  
Water Heater   Financing  
Cable Co   Documents  Deed
Electric  100 Amp, Circuit Breaker Tax ID  549-173-01424
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† The remarks published on this webpage originate from Listed By Shawn Cheney of EXP Realty 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.