Carolyn Sheldrick
Listing courtesy of Michael Preseau, CENTURY 21 MRC 802-782-8662
40 North Main Street, Alburgh, VT, 05440
8 beds
3 Full baths
1901
Apartment Building
6,524 sqft
Introducing 40 North Main St, a fantastic multi-family building located in the heart of Alburgh, Vermont. This investment opportunity features a well-maintained structure that boasts multiple rental units, ideal for both seasoned investors and those looking to enter the real estate market. The property includes three spacious apartments as well as a first floor commercial unit that can be renovated or converted to an additional 3 bedroom unit, each designed to maximize comfort and functionality. First floor unit was completely renovated and a New Heating system was installed for entire building in 2022 With a mix of two and three-bedroom layouts, these units feature large windows that fill the living spaces with natural light, along with updated kitchens and bathrooms that cater to modern living needs. The inviting living areas create a warm atmosphere, making each apartment a desirable place to call home. Its prime location that provides easy access to local amenities, including shops, restaurants, and recreational facilities, making it a sought-after spot for renters. With a current cap rate of 8.6% the potential for steady rental income and appreciation in this charming Vermont community, 40 North Main St is a smart investment that combines comfort, convenience, and opportunity. Don’t miss your chance to own this multi-family gem in Alburgh!
Status:
Active
Type:
Multi-family
Units:
4
Zoning:
none
Frontage:
140
Garage:
1-car Garage
Heating:
Baseboard, Hot Water
Cooling:
None
Basement:
Unfinished
Acreage:
0.26
Est. Taxes:
$4,694
Lot Description:
Sidewalks,In Town
Elementary School:
Alburgh Community Ed. Center
Middle School:
Choice
High School:
Choice
School District:
Grand Isle School District
MLS #:
5044606