208 South Main Street, Saint Albans, VT 05478

Clean, great condition, up to code and with great numbers! One of the best 4-plex units you will find in the little City of St. Albans, VT. 4 units, each of about 1000+ SF, all identical. 2 Bedrooms, large kitchen, huge living room, sun porch, walk in pantry, parlor and nice full bath. Two long-term tenants, two newer tenants all with 1-year leases. Current numbers are approximately Gross $71,700 with a net of $41,483. First floor apartments are likely well below market (Long term tenants). Each unit has a 1 car garage and a basement locked storage area. Large common yard with paved off street parking. This month, in preparation, sellers had all code enforcement checked, fire/occupancy, lead paint, dry vents, fire extinguishers, heating systems, etc. All minor issues are being addressed now. You will see pride in ownership from this landlord who has modernized and kept up with code. Vendors who have visited lately have mentioned they rarely see a place like this, very nice. … read more …