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57 High Street
57 High Street
57 High Street
57 High Street
57 High Street
57 High Street
57 High Street
57 High Street
57 High Street
57 High Street
57 High Street
57 High Street
57 High Street
57 High Street
57 High Street
57 High Street
57 High Street
57 High Street
57 High Street
57 High Street
57 High Street
57 High Street
57 High Street
57 High Street
57 High Street
57 High Street
57 High Street
57 High Street
57 High Street
57 High Street
57 High Street
57 High Street
57 High Street
57 High Street
57 High Street
57 High Street
57 High Street
57 High Street
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$507,000

57 High Street

6 Beds 4 Baths 3,395 Sq.Ft.

Description

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!

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Location

57 High Street, St. Albans City, VT 05478

Status

Sold
TAMITHY HOWRIGAN

TAMITHY HOWRIGAN

TITLE

Team Leader | Realtor® | Broker

Property Amenities

Interior
Total Bedrooms: 6
Area & Lot
Lot Area 7,405 Sq.Ft.
Living area 3,395 Sq.Ft.
MLS® ID 4977234
Year Built 1900
Architecture Styles Colonial
Type Multi-Family
Status Sold
Exterior
Air conditioning None
Heat type Baseboard, Hot Air, Hot Water, Monitor Type, Gas - Natural
Water Source Public
Sewer Public
Parking Parking Spaces 6
Lot Features City Lot
Roof Other, Shingle, Slate
Finance
Sales Price $507,000
Real Estate Tax $6,111 yearly
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ST. ALBANS

Sprawling fields and large lots give the area a rural feel. Many parks and preserves provide incredible natural beauty.

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Tamithy Howrigan Real Estate is a team of experienced, licensed real estate agents serving the Franklin, Chittenden, Grand Isle, Lamoille Counties, VT metro area. With a proven track record of getting results quickly and a direct line of communication at all times.  
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