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Listed by Michael J Preseau • CENTURY 21 North East
$ 519,000
Est. payment /mo
Active
40 North Main ST Alburgh, VT 05440
8 Beds
3 Baths
6,524 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,524 sqft
Price per Sqft $79
MLS Listing ID 5044606
Bedrooms 8
Full Baths 3
Construction Status Existing
Year Built 1901
Annual Tax Amount $4,693
Tax Year 2025
Lot Size 0.260 Acres
Acres 0.26
Property Description
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!
Location
State VT
County Vt-grand Isle
Area Vt-Grand Isle
Zoning none
Rooms
Basement Entrance Interior
Basement Unfinished
Interior
Cooling None
Exterior
Garage Spaces 1.0
Utilities Available Cable - At Site
Roof Type Shingle - Asphalt
Building
Story 2
Foundation Stone
Sewer Public
Architectural Style Apartment Building
Construction Status Existing
Schools
Elementary Schools Alburgh Community Ed. Center
Middle Schools Choice
High Schools Choice
School District Grand Isle School District
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