583 Lake Road St. Albans Town, Vermont 05481 MLS# 4756883

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Sold Status

$405,000 Sold Price

Multi Type

12 Beds

8 Baths

7,456 Sqft

Listed By of Berkshire Hathaway HomeServices Vermont Realty Gro
Sold By KW Vermont
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583 Lake Road

Large multi unit apartment building in great location in St Albans Bay. Beautiful lake views and convenient location minutes from St Albans City. Outstanding rental history and rates with room to grow. Each unit has it's own heating units and electrical panel to simplify ownership. At present 6 of 7 units are rented with one being repainted and left vacant for showing purposes. Low maintenance building with ample parking that can support 2 cars per unit. Heating units recently inspected and all building maintenance is up to date. Owner says it's time to retire. Help him out and enjoy the instant equity and positive cash flow from this great investment. †

Property Location

583 Lake Road St. Albans Town

Property Details

Sold Price  $405,000 Sold Date  Sep 12th, 2019
List Price  424,900 Bedrooms  12 Garage Size   Car
Cooperation Fee  Unknown Total Bathrooms  8 Year Built  1800
MLS#  4756883 Lot Size  1 Acres Taxes $7,111
Type  Multi-Family Days on Market  1994 Days Tax Year 2019
Units  7 Stories  2 Road Frontage  300
Annual Income  $0 Style  With Addition, w/Addition Water Frontage  
Annual Expenses  $0 Finished  7,456 Sqft Construction  No, Existing
Zoning   commercial Above Grade  7,456 Sqft Seasonal  No
Total Rooms  12 Below Grade  0 Sqft List Date  Jun 7th, 2019
Gross Income  $0 Operating Expenses  $0 Net Income  $60,000
Expenses Includes 
Unit 1   3 Beds, 1 Baths, 1,232 SqFt, $0/Mo Unit 2   2 Beds, 1 Baths, 1,040 SqFt, $800/Monthly
Unit 3   2 Beds, 2 Baths, 1,080 SqFt, $950/Monthly Unit 4   2 Beds, 1 Baths, $760/Monthly
Unit 5   1 Beds, 1 Baths, $550/Monthly Unit 6   1 Beds, 1 Baths, $525/Monthly
Unit 7   1 Beds, 1 Baths, $600/Monthly
ConstructionWood Frame
BasementInterior, Unfinished, Partially Finished, Interior Stairs, Exterior Stairs, Unfinished, Interior Access, Exterior Access
Interior Features
Exterior Features
Exterior  Vinyl, Brick Disability Features  
Foundation  Stone House Color  brick
Floors  Vinyl, Tile, Carpet, Hardwood, Laminate Building Certifications  
Roof  Metal HERS Index  
DirectionsFrom Main St, St Albans go west on Lake St which turns into Lake Rd. Approx 3 miles bear right at the lake and take first right onto Cherry St. Driveway for the property is on the right.
Lot Description, Lake View, Neighbor Business
Garage & Parking  No, , , 11-20 Spaces
Road Frontage  300 Water Access  
Driveway  Gravel Water Type  
Flood Zone  No Water Body  
Zoning  commercial
School District  Maple Run USD Middle  St Albans Town Education Cntr
Elementary  St. Albans Town Educ. Center High  BFASt Albans
Heat Fuel  , Oil Excluded  
Heating/Cool  None, Individual Negotiable  
Sewer  Holding Tank, Private, Septic Shared Parcel Access ROW  
Water  Drilled Well ROW for Other Parcel  
Water Heater  Electric Financing  
Cable Co   Documents  
Electric  100 Amp Tax ID  552-174-11595
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† The remarks published on this webpage originate from Listed By of Berkshire Hathaway HomeServices Vermont Realty Gro 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.