57 High Street, St. Albans City, VT 05478

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!